Print
Real Estate - Commercial

Musical Supply Manufacturer Offers To Buy Building From Pender County

By Cece Nunn, posted Jan 17, 2017
Editor's Note: This version has been updated to include information from Tuesday afternoon's Pender County Board of Commissioners meeting.

Officials with a Burgaw-based music equipment manufacturer and supplier are hoping to buy a 40,000-square-foot building from Pender County.

The Pender County Board of Commissioners voted unanimously Tuesday to accept a $750,000 bid from Mojotone, an amplifier cabinet manufacturer and amplifier parts supplier founded in 2000, for the Pender Progress Shell Building at 137 Worth Beverage Drive in Burgaw. Additional funding for the $1.75 million property is expected to come from the Rural Economic Development Loan and Grant (REDLG) program with the help of Four County Electric Membership Corp. and other agencies, commissioners indicated at their meeting Tuesday.

Through RDLEG, the USDA provides zero-interest loans and grants to utilities that lend funds to local businesses for projects to create and retain jobs, according to the USDA. In 2015, Four County EMC used a $2 million REDLG loan to help Acme Smoked Fish Corp., which has a plant at Pender Commerce Park, buy equipment to process and smoke salmon, herring and other fish, a USDA news release said. 

Now that the Pender board has accepted the bid, a formal purchase contract for the building could be offered to Mojotone after a required upset bid period.

Mojotone CEO Michael McWhorter said the company has sold it’s 25,000-square-foot building on South Dudley Street in Burgaw and has two additional 5,000-square-foot buildings.

“We wanted to combine all three buildings into one space,” McWhorter explained.

On a more than 5-acre property in the Pender Progress Industrial Park off U.S. 117, the building that McWhorter hopes to buy was constructed in 2011 through a partnership between Pender Progress Corp., Pender County, Four County EMC, the town of Burgaw and Wilmington Industrial Development (now Wilmington Business Development), according to previous marketing materials.

McWhorter said Mojotone was helped in its quest for new space by several individuals, including Scott Satterfield, CEO of WBD, and Rick Benton of WBD, as well as Jimmy Smith, director of economic and community development for Four County EMC.

Mojotone has 46 employees, and in addition to contract manufacturing work for more than 100 different companies and international clients, the firm also serves the needs of internationally known musicians and musical groups - ZZ Top, Rush, Brad Paisley and Keith Urban, to name a few.

In addition to amplifier parts and cabinets, Mojotone offers a line of guitar parts, pickup parts and guitar restoration supplies, including a premium line of handmade guitar and bass pickups. 

"We’re hoping to expand our manufacturing," McWhorter said.
 

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce
Gretchen roberts 2021

7 Secrets the IRS Doesn’t Want You to Know

Gretchen Roberts - Red Bike Advisors
Georgiarowe

Salling and Tate Dentistry Launches Annual "Gunner’s Runners" Shoe Collection Event, Aiming to Surpass Last Year's Success

Georgia Rowe - Wide Open Tech

Trending News

Conservation Group Signs $8M Deal To Buy The Point On Topsail Island

Audrey Elsberry - Mar 26, 2024

National Organization Bestows Top Award On Cape Fear Professional Women In Building

Staff Reports - Mar 26, 2024

Engineering Firm Hires Four Employees

Staff Reports - Mar 26, 2024

N.C. Ports Officials React To Baltimore Bridge Collapse

Audrey Elsberry - Mar 26, 2024

NCino's Fourth-quarter Earnings Signal Rebound From Liquidity Crisis

Audrey Elsberry - Mar 27, 2024

In The Current Issue

MADE: Polyhose Inc.

Polyhose manufactures and fabricates hose protection, paint hose assemblies and rubber hydraulic assemblies from its Pender County facility....


Q&A: Andrews Reflects On Leadership

Pender County Manager David Andrews is slated to retire this summer after 33 years in local government....


Topsail-area Realtors Share Updates

Pender County Realtors recently shared updates about the coastal market at an event hosted by the Wilmington-Cape Fear Home Builders Associa...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments