A Wilmington-based roofing company has set up shop in a longtime warehouse turned flex center, according to a news release.
 
Flores & Foley Roofing recently took over 5,500 square feet of office and warehouse space in the newly renovated Industrial Flex Center at Smith Creek, 1536 Castle Hayne Road.  
 
The roofing firm will dedicate 2,000 square feet of the space for new offices and 3,500 square feet for warehouse space to accommodate future growth, the news release stated.
 
Garry Silivanch, vice president of Coldwell Banker Commercial Sun Coast Partners and principal broker of Team Silivanch; Nicholas Silivanch, vice president of retail leasing and acquisitions with Coldwell Banker Commercial Sun Coast Partners and principal broker with Team Silivanch; and fellow broker Mark Johnson, completed the lease transaction for an undisclosed amount.
 
Johnson said Flores & Foley moved last month into the center, which was formerly the Otto Timme textile manufacturing plant in the 1960s.
 
Peter Foley, a partner of Flores & Foley Roofing, said in a news release that the Smith Creek facility was the “best combination of price, location, newly renovated space, and most importantly the ability to expand as their company grows over time without having to relocate.”  
 
The renovation of the flex center is nearing completion, the news release stated.
 
Close to Wilmington International Airport, rail, port, highways and downtown Wilmington, the site is expected to remain a prime location for business, realty officials said. The site is one of the only I-2, or heavy industrial, zoned properties with access to water and sewer. It also includes a fire sprinkler system.
 
To prepare for increased industrial demand, Charleston-based Ziff Properties Inc., which owns the building, devised a strategy with Team Silivanch last summer to lease the 475,000-square-foot facility by renovating 100,000 square feet of the site as industrial flex space.
 
As part of the renovation, the existing bathrooms, offices and warehouse space are being refurbished, receiving added security as well as additional lighting. The warehouse spaces will also be divided by fencing to suit individual tenant’s needs, and adjacent vacant space will be available should a tenant need to expand. Fenced and secure lay down yards will also be available.

The multi-tenant facility can be broken up into warehouse spaces of 5,000-10,000 square feet, with or without adjacent office space, at a rental rate that includes taxes, insurance, common area maintenance, electric, water and sewer, the news release stated. There are also sections for large users, with 30,000 to 50,000-square-foot sections available.