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Real Estate - Commercial

Firm That Customizes Off-road Vehicles Leases Warehouse

By Cece Nunn, posted Sep 24, 2014
A business that customizes and restores specialized off-road vehicles has leased an 11,000-square-foot warehouse at 1551 Point Harbor Road in Wilmington, near the foot of the Isabel Holmes Bridge.
 
Peerless Overland Specialists moved to the warehouse from Dutch Square Industrial Park off Market Street.
 
Eastern Carolinas Commercial Real Estate announced the long-term lease on Wednesday and represented Peerless Overland Specialists and the landlord, Old Wilmington Shipyard, in the transaction, according to a news release from Garry Silivanch of ECCRE.
 
The company is leasing the space for $4,700 a month, said Stan Brown, one of the company’s owners along with Barrett Edwards, Ron Meyers Jr. and Ron Meyers III.
 
Previously, the firm had done the same kind of work on a contract basis.
 
“We were just generally dissatisfied with not having the say that we should have on the final product. We knew that the only way to overcome that was to go out on our own and offer our skills to the public,” Brown said.
 
The move expands the company’s space by about 3,000 square feet. The vehicles the company works on include Land Rovers, particularly the Land Rover Defender, and among its customers are expeditionary forces, search and rescue firms and high-performance enthusiasts, Brown said.
 
“In this new facility, we will be expanding into the G-Wagen market,” Brown said, referring to the Mercedes-Benz four-wheel drive SUV.

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