Print
Real Estate - Commercial

Carolina Beach Center Sells For $2.25M

By Cece Nunn, posted Sep 27, 2017
Cross Bridge Village in Carolina Beach recently sold to investors for $2.25 million. (Photo courtesy of Eastern Carolinas Commercial Real Estate)
Local investors recently purchased a Carolina Beach retail center for $2.25 million, brokers said this week.

BBG Real Estate of Carolina Beach bought Cross Bridge Village, a 12,700-square-foot center at 1206 N. Lake Park Blvd., on Sept. 18 from James and Lisa Wilkins.

The center is anchored by Michael’s Seafood Restaurant, and other tenants include Island Massage & Spa, Carolina Beach Jewelers, Unified Alerts, Island Beverage and Nails Image.

In a recent lease, The Southerly Biscuit & Pie is expected to open in the spot at the center that's currently occupied by Big Apple Bakery, potentially by November. The center is currently fully leased.

Julie Stephenson, a broker with Wilmington-based Eastern Carolinas Commercial Real Estate, represented BBG Real Estate in the lease with The Southerly, and also represented BBG, along with ECCRE Broker in Charge Garry Silivanch, in the purchase of Cross Bridge Village.

New homes and businesses, especially those involved in the food and beverage industry, are on the rise at Carolina Beach and in surrounding areas, Stephenson said.

Steve Warwick and Jason Windham, brokers with Wilmington-based Maus, Warwick, Matthews & Co., represented the sellers of Cross Bridge Village, which was built around 2003.

"Activity's definitely up. Interest is definitely up," Warwick said of Carolina Beach real estate. "The commercial real estate market follows the residential market, and a lot of activity residentially is always good for commercial."

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Corey61

The Toughest Job There Is

Corey Lewis - Cape Fear Jobs
Yasminheadshotwithlogo

How Reading Works

Yasmin Tomkinson - Cape Fear Literacy Council
Nealjohnson 12191614553

What's the Role of the HOA?

Neal Johnson - Network Real Estate

Trending News

Benefits Spring Up In Florence’s Wake

Staff Reports - Oct 19, 2018

TRU Colors Included In South By Southwest's Next Lineup

Vicky Janowski - Oct 19, 2018

Wilmington Area Home Sales Fell 48 To 63 Percent During Storm Month, Report Shows

Cece Nunn - Oct 19, 2018

Insurance Industry Sees A Flood Of Claims

Cece Nunn and Christina Haley O'Neal - Oct 19, 2018

Building, Rebuilding Homes After Hurricane

Cece Nunn - Oct 19, 2018

In The Current Issue

Insurance Industry Sees A Flood Of Claims

As Ian Archibald awaited the arrival of a State Farm Insurance adjuster at his Wilmington home on Oct. 9, his mind was also on a much more d...


Building, Rebuilding Homes After Hurricane

Homebuilders discuss labor, working with other homebuilders associations in the state and more in the wake of Hurricane Florence....


Benefits Spring Up In Florence’s Wake

The aftermath of Hurricane Florence left the region with downed trees, flooded homes and displaced residents in need. This destruction, howe...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes