Print
Real Estate - Commercial

Investor Buys Leland Industrial Park Property

By Cece Nunn, posted Jan 15, 2018
An investor recently bought the property at 2216 Mercantile Drive in Leland Industrial Park. (Photo courtesy of Eastern Carolinas Commercial Real Estate)
An investor recently purchased an 18,000-square-foot facility in Leland Industrial Park for $1.365 million, according to an announcement from Wilmington-based Eastern Carolinas Commercial Real Estate.

Leland Warehouse LLC bought the 3-acre property at 2216 Mercantile Drive from Terry Hamilton in November, a Brunswick County deed shows.

Garry Silivanch, partner in ECCRE, represented the seller in the transaction, which took place after Silivanch recommended that the building be fully leased first, then sold to a purchaser as an investment, Silivanch said.

“This sale comes after Garry executed on the strategy of leasing the formerly vacant 18,000-square-foot building to a single tenant on a long-term lease. He then put that investment sale out on the market, landing a contract within 48 hours of it being on the market,” stated the ECCRE release.

That single tenant was eland Industries, a manufacturer of safety and structural components for the energy industry, according to the company’s website.

In recent months, local officials have been working to draw more attention to the 630-acre Leland Industrial Park, forming a five-member task force through the town of Leland’s economic development committee.

Gary Vidmar, economic and community development director for the town of Leland, called the industrial park “a hidden gem” that leaders want to share more information about, according to a Greater Wilmington Business Journal story in December.

Although the park is not within the town’s limits, it employs residents and people who shop and dine in the town, Vidmar said in the story. 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Time, Talent, Then Treasure: How Milestone-based Fundraising Puts Entrepreneurs First

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Lgoriginalheadshot 311794626

When New Year’s Resolutions Slip to Spring

Laura Bransfield - Summerfield Custom Wellness
Chadwoutersheadshot

Changes in Cash vs. Accrual Accounting: What’s Best for your Business?

Chad Wouters - Earney & Company, LLP

Trending News

Construction Of CenterPoint Might Not Start Until 2020

Cece Nunn - May 17, 2018

RiverLights Update: Amenities Open; More Homes, Retail, Apartments Coming

Cece Nunn - May 18, 2018

Block By Block

Cece Nunn and Christina Haley O'Neal - May 18, 2018

Real Estate Firm To Rebuild Offices In Oak Island, Hampstead; Adds 8 Realtors In Carolina Beach

Cece Nunn - May 18, 2018

Business Leaders Predict Potential Local Impacts Of Apple Campus In NC

Christina Haley O'Neal - May 18, 2018

In The Current Issue

CEOs Create New Crowdfunding Portal

North Carolina has a new equity crowdfunding platform to help power its progress. FundingStack, the state’s first registered funding portal,...


Broadhurst Appointed To State Commission

Spence Broadhurst was recently appointed to the N.C. Banking Commission....


Block By Block

Hundreds of millions of dollars in major development investment is on the way or in the planning stages for downtown Wilmington, but relativ...

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: The Main Event
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes