Real Estate - Commercial

In Mayfaire Area, NCino's Footprint Grows To 75,000 Square Feet

By Cece Nunn, posted Sep 7, 2017
When nCino moves into the third floor of The Offices at Mayfaire IV next year, the building will be fully occupied. (Photo by Cece Nunn)
Wilmington-based banking software company nCino has leased more office space in the Mayfaire area, bringing the rapidly growing firm's total footprint there to about 75,000 square feet.

In addition to its current offices at Parker Farm Drive, the Live Oak Bank spinoff plans to occupy the 17,000-square-foot third floor of The Offices at Mayfaire IV.

The company is scheduled to move in to the recently completed Mayfaire IV building at 6740 Rock Spring Road in early 2018, said Natalia Moose, nCino's public and analyst relations coordinator, in an email this week.

nCino currently has more than 350 full-time employees, most of whom are based in Wilmington, she said.

"We are planning to add approximately 100 more employees this year – based domestically and abroad – and are primarily expanding our product development & engineering, and customer success teams," Moose said in the email. 

The Mayfaire IV lease represents one of the latest signs of growth for nCino, which for the second year in a row made the Inc. 500 list of the fastest-growing private companies in the U.S., ranking No. 361.  The company, led by CEO Pierre Naudé, grew 1,218 percent between 2013 and 2016, according to an August announcement about its placement on the 2017 Inc. 500 list.

Founded in 2012, nCino leased 40,000 square feet in the former Wachovia building at Parker Farm Drive for an initial term of two years in 2015, moving there from midtown Wilmington. Recently, the firm chose to expand with another 17,000 square feet on the third floor of that building "to accommodate our growing workforce, and will be moved into that space by the end of this month," Moose said.

Including its latest lease of Mayfaire IV, nCino will occupy about 75,000 square feet in total between the two buildings.  

Explaining the factors behind nCino's growth, Moose said, "nCino has more than 170 bank and credit union customers of all sizes and across multiple countries, and has seen a significant increase in the level of interest from enterprise banks in working with nCino and using our Bank Operating System. Our rapid growth can be attributed to a best-in-class product and customer-centric approach to staying on the cutting edge of software delivery and technology transformation in the financial services."

With expanding companies comes the need for more office space. The Offices at Mayfaire IV is the latest office building in the Mayfaire series from developer Steve Anderson.

"It’s really surprising -- when I started to develop The Offices at Mayfaire six years ago, I had no idea that New Hanover County and certainly Wilmington had such a pent-up demand of larger office users needing greater than 10,000 square feet of contiguous office space," Anderson said Thursday. 

He said these days in the four three-story Offices at Mayfaire buildings, counting the upcoming move-in of nCino, there are six tenants that take up more than 10,000 square feet. Anderson is currently planning the fifth and sixth buildings in the group next to Mayfaire Community Center.

"We have permit and bank approval to start both buildings at the same time if the market demand is there," Anderson said. "And we are in talks with several different groups concerning both buildings."

Story On The Map

Ico insights



November Brings Turkey, Alzheimer’s Awareness And A Need To Proactively Plan For Aging Loved Ones With The Disease

Kara Gansmann - Cranfill Sumner & Hartzog LLP
Chris coudriet headshot 300x300 10211545555

Investing In Early Childhood Education Creates Long-Term Benefits

Chris Coudriet - New Hanover County Government
Susan willett 300x300

The Merits Of Trusts Vs. Guardianships For Minor Children

Susan Willett - Old North State Trust, LLC

Trending News

United Airlines To Offer Two New Non-stop Routes To DC, Chicago

Christina Haley O'Neal - Nov 20, 2017

Virginia-based Insurance Broker Acquires Wilmington Firm

Christina Haley O'Neal - Nov 20, 2017

New Owner Picks Up 3 Wilmington Taxi Companies

Cece Nunn - Nov 21, 2017

ILM Hires Planning And Development Director To Aid Future Growth

Staff Reports - Nov 21, 2017

Industrial Supply Co. Growing, To Open N. College Road Storefront

Cece Nunn - Nov 20, 2017

In The Current Issue

Builder Aims To Create Apartment ‘Gems’

In a shady area surrounded by trees just off South 17th Street, builders found a real estate equivalent to a diamond in the rough. Plantatio...

Anniversaries: Making Of A Milestone

As Wilmington marks its 278th year of formal incorporation, many local businesses and organization also marked anniversary milestones this y...

Feeding Frenzy

Those who’ve worked around the local restaurant scene for years, or decades, have seen the constant stream of eateries that open in the area...

Book On Business

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



2017 Health Care Heroes
Major Developments
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016