Print
Real Estate - Commercial

In $15.7M Deal, Alcami Sells Wilmington Technology Center, Leases It Back

By Cece Nunn, posted Apr 18, 2019
Alcami has sold its technology center at 2320 Scientific Park Drive to a Durham company and entered into a long-term lease of the building. (Photo courtesy of Alcami)
Drug development, manufacturing and packaging firm Alcami has sold its technology center in Wilmington to a Durham real estate management company in a leaseback deal.

Mattie Equity LLC on Wednesday purchased the property, including about 5 acres and a nearly 71,000-square-foot building at 2320 Scientific Park Drive, for more than $15.7 million, according to the deed and county records. Mattie Equity LLC is managed by Kathleen M. Schneider,  incorporation documents show.

"Alcami recently successfully completed a sale and leaseback agreement for the technology center that houses our state-of-the-art laboratory operations in Wilmington," said Catherine Hanley, vice president of marketing for Alcami, in an email Thursday. "While Alcami no longer owns the structure, we will continue to occupy the building as a long-term tenant.

"This transaction will not impede Alcami’s day-to-day operations, and will enhance the company’s flexibility to reinvest in its business to facilitate future growth."

Hanley said the decision to sell the facility to an investor and lease it back "is part of our long-term growth strategy, and is consistent with our business approach at nearly every other Alcami facility, including our Wilmington drug product packaging center; our Edison, New Jersey, St. Louis, Missouri, and Durham, North Carolina, laboratories; and our Charleston, South Carolina, parenteral manufacturing site."

Lynn Harris, a commercial real estate broker with Wilmington-based Century 21 Sweyer & Associates, said in general, some property owners have been aiming to take advantage of current conditions. Harris was not involved in the Alcami facility transaction.

"The market is really strong right now," she said, adding that planning for retirement or having more location flexibility are also reasons why some commercial property owners might consider selling sooner rather than later.

Another is reinvestment. Sometimes owners want to put capital back into their businesses, "and that's a good way to get it," she said.

Alcami announced in July 2017 that the company was transitioning its global headquarters to Durham from Wilmington, abandoning plans for a major expansion in the Port City. But growth in Wilmington, where Alcami employs at least 400 of its 1,000-person workforce, continues, officials said during an open house in June.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Chris coudriet

County Zoning Gets Full Revamp After 50 Years

Chris Coudriet - New Hanover County Government
Ch headshot

Beyond the Bench: UNC Wilmington Classroom to cGMP Laboratories

Volety 0020 1121724229

UNCW STEAM Team Program Provides Access Point to Higher Education

Aswani Volety - UNCW College of Arts and Sciences

Trending News

On The Riverwalk, Stalk & Vine Set To Open This Weekend

Jessica Maurer - Jul 16, 2019

Former Drug Researcher, Partners Launch Coastal Hemp Co. In Porters Neck

Johanna Cano - Jul 16, 2019

TRU Colors Eyes Century Mills Property For Brewery, Office Space

Christina Haley O'Neal - Jul 17, 2019

In Former Lou's Flower World Spot, Furniture And Mattress Store Opens

Cece Nunn - Jul 15, 2019

Gulfstream Restaurant Welcomes Diners To Wrightsville Beach Location

Jessica Maurer - Jul 17, 2019

In The Current Issue

BB&T, SunTrust Announce Merged Name

The new name, announced June 12, reflects a common thread from both banks, as each has the word trust as part of its name....


Boosting Burgaw

Now that Richard Johnson is living in Wilmington, he hopes to use the same marketing skills that helped grow HotJobs to create a successful...


Report Looks At Novant's Economic Impact

Winston-Salem-based Novant Health, which has a presence in Brunswick County, generated $9 billion in economic activity statewide last year,...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Power Breakfast - The H Word (June 13, 2019)
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Health Care Heroes 2018