Print
Real Estate - Commercial

New Retail Center Bringing New Businesses To Porters Neck

By Cece Nunn, posted Jan 30, 2018
Sugarwood Interiors anchors Sugarwood Center, a new neighborhood retail commercial center in Porters Neck. (Photo courtesy of Sugarwood Interiors)
A new shopping center in Porters Neck is filling with tenants as northern New Hanover County continues to grow.

Sugarwood Interiors, a home furnishing store and the anchor tenant for Sugarwood Center, 167 Porters Neck Road, opened its doors Jan. 2, according to a news release.

The nearly 12,000-square-foot center's owners and developers, Jim and Janece Stone, are 20-year residents of Porters Neck, and Janece Stone's art background led to the opening of Sugarwood Interiors, the release stated.

"We were originally seeking a space to headquarter our fire and water restoration company, Stone Development & Restoration. When we came across this location, we knew it would be ideal for both businesses,” said Janece Stone, who is also the owner of Sugarwood Interiors, in the release.

While Sugarwood Interiors is the first business to open in the newly constructed Sugarwood Center, Physical Therapy Services of Wilmington, Stone Development & Restoration and Amplifly Cycle & Strength, a spin cycling and fitness studio, are scheduled to join the tenant line-up in the spring of this year, according to the release.

Amplifly owner Ali Nyquist said the center is just five minutes away from the Porters Neck home where she and her husband, Ryan, a professional freestyle BMX and freestyle mountain bike athlete, live. The commercial broker who helped them, Justin Mullarkey, along with his wife, Jenny, of Eastern Trust Real Estate of Greenville, found Sugarwood Center in its beginning stages, and "they just felt there was something really special about it and they thought it would be a great place for me. I trusted them and I also fell in love with the space," Ali Nyquist said.

For the Nyquist family, fitness is a way of life -- Ryan Nyquist has his eye on the 2020 Summer Olympics in Tokyo, and Ali Nyquist, a triathlete, has been in the fitness industry for 11 years, doing personal training and group fitness, among other accomplishments, she said.

"We're just excited to introduce people to a new style of indoor cycling as well as offer them a variety of classes, such as yoga, mat Pilates and small group functional fitness training," Ali Nyquist said, adding that the fitness center will also offer childcare. 
  
Janece Stone said developing a commercial center is a natural extension for the Stones -- they have completed projects in Raleigh that include a Family Dollar store and a 20-unit apartment complex.

But for Janece Stone, Sugarwood Interiors "has been a real passion project for me personally. I've always helped my husband with the construction business, but always loved everything related to home interiors and design. I am so thankful getting this opportunity to have my own business doing something I really enjoy."

Sugarwood Interiors is an upscale furniture and accessories store with a relaxed coastal farmhouse atmosphere, the release stated.

Coldwell Banker Commercial SunCoast brokers Cody Cress and Tyler Pegg of The Cress Group in Wilmington are the listing agents for Sugarwood Center.

The center has been attracting numerous potential tenants, Pegg and Cress said.

"We’re getting a lot of interest, from brand new businesses to people opening additional locations up in the Porters Neck submarket," where they’re feeling more comfortable with the growth in and stability of the Porters Neck area, Cress said.

Janece Stone said, "All of the sudden, in the last few years, there's more housing, there's more development, and now there's more commercial development. It seemed like the right time."

She said in the release, “With only three available spaces remaining in Sugarwood Center, we plan to attract upscale retail or healthy food stores to complete the center."

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Dallas headshot 300x300

Growing Business Value When Times Are Tough

Dallas Romanowski - Cornerstone Business Advisors
Mike stonestreet 300x300

Large-Scale Community Associations

Mike Stonestreet - CAMS (Community Association Management Services)
Alycephillipsnew2

Don’t Panic: Rules Have Eased On Drawing Cash From Retirement Funds

Alyce Phillips - Old North State Trust LLC

Trending News

Pier 1 Closings Involve Prominent Wilmington Retail Spaces

Cece Nunn - May 26, 2020

Burney's Sweets & More Coming To Mayfaire

Jessica Maurer - May 27, 2020

Some Area Restaurants Stick To Carry-out

Jessica Maurer - May 27, 2020

Attractions Face Significant Revenue Losses

Christina Haley O'Neal - May 26, 2020

BIZTALK: Azalea Festival Plans Continue

Staff Reports - May 27, 2020

In The Current Issue

MADE: Spicing Up Local Markets

RAWsalsa is a local, independent maker and seller of smallbatch, fresh salsas. Products include signature fresh tomato and fresh pineapple s...


WorkTok Aids Communication

One new Wilmington startup is trying to address those current workforce trends and increase employee/ employer interaction through its app,...


Education Leader Forges Way Forward

Burns was tapped as interim superintendent of NHCS in February, following the resignation of Tim Markley. Burns assumed his new role in Marc...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`