The office property known as the Bank of America building at 319 N. Third St. in downtown Wilmington was sold for an undisclosed amount Friday, according to an announcement from Cameron Management Inc.

The sellers, 3rd Street Properties LLC and Parking Ventures LLC, sold their interest in the 55,000-square-foot class-A office building to Riverbend #1 LLC, which is controlled by James Kirkpatrick of West End, North Carolina, according to Hill Rogers, broker-in-charge with Cameron Management.

The property's tax value as of last year was more than $4.7 million, according to New Hanover County property tax records.

At the time of the sale, which closed Friday, the office building was about 50 percent occupied, Rogers said in the announcement.

Kirkpatrick has developed real estate across the country for more than 40 years, said Michael Rokoski, who represented the buyer.

“We are very excited to bring his standard of excellence to this property and downtown Wilmington. He will be aggressively re-capitalizing this asset and actively seeking additional tenants to occupy the remainder of the vacant space,” Rokoski said of Kirkpatrick in the news release.

Rokoski provides real estate advisory, development and brokerage services statewide, as well as residential real estate services in Wilmington with Rokoski, Blake and Associates of Coldwell Banker Seacoast Advantage, the release said.

Riverbend #1 LLC will retain the services of Cameron Management to lease and manage the property, the release said.

“Bill Cameron and Hill Rogers were excellent to work with during the sales process and have proven to be leaders in the Greater Wilmington commercial real estate sector,” Rokoski said in the release. “We are excited to work with them going forward to secure the building's status as the premier office property in downtown Wilmington.”