Print
Real Estate - Commercial

Coastal Beverage Co. Plans 150,000 SF Facility In Pender

By Christina Haley O'Neal, posted Feb 6, 2018
Coastal Beverage Co. Inc. plans to be operating at a new 150,000-square-foot facility at Pender Commerce Park by next year, bringing all of its existing 150 employees to the site, officials with the company said Tuesday.

The beverage distributor plans to buy the property to move its Wilmington headquarters and distribution center to new space that will be built at the park.

Pender County Commissioners on Monday night approved the sale to Coastal Beverage Co. of a 27.7-acre parcel at the Pender Commerce Park, pending a 10-day upset bid period process. The approval took place through a resolution accepting the company’s purchase offer, said Pender County Board of Commissioners Chairman George Brown.

The entire parcel includes 27.7 acres with a total net buildable acreage of about 20.1 acres. The price per acre is $42,350 for a total of $852,929 for the usable acres, according to county agenda documents.

"This announcement by Coastal Beverage Co. is once again indicative of the success of our ongoing efforts to invest in economic development for the purpose of creating jobs for our Pender County citizens," Brown said in a news release Tuesday.

Tee Nunnelee, president of Coastal Beverage Co, said officials hope to break ground on the property no later this summer. Plans are to construct a 150,000-square-foot facility, with 120,000 square feet of temperature-controlled warehouse space and 30,000 square feet of office space.

"We will be moving approximately 150 employees to this new location," Nunnelee said. "We hope to be able to move into the new facility by fall of 2019 at the latest."

Coastal Beverage Co. has service centers in Wilmington, Farmville, Pollocksville and Elizabeth City. The company has been located at its facility on Harley Road since 1976, sitting on about 11.5 acres of land, Nunnelee said in a Greater Wilmington Business Journal story last week about the potential purchase.

Nunnelee said the company has outgrown its current facility and needs the land to support the growing business.

The board's approval comes days after Wilmington Business Development (WBD) announced that FedEx Freight plans to build a new service center on a 12.5-acre parcel at Pender Commerce Park. The Memphis-based FedEx "intends to invest at least $5 million for a sorting hub there," WBD officials said in the release.

The news from CBC "also proves the park can accommodate headquarters operations, making it an asset that can facilitate economic diversification for our region,” CEO of Wilmington Business Development Scott Satterfield, said in the release.

WBD partners with Pender County in recruiting and retaining jobs and companies. The economic development group worked with Will Leonard of Cape Fear Commercial in addressing Coastal Beverage Co.'s needs for a new location, officials said in the release.

CBC has been run by the Nunnelee family for more than 60 years. The company currently serves retailers in 38 counties and work with brands such as MillerCoors, Constellation, Yuengling, Pabst and Heineken, as well as with wines and non-alcoholic beverages.

Pender Commerce Park is a 450-acre full-service industrial park located on U.S. 421 near Currie. The industrial park was completed in 2011. Two tenants currently operate at the site, New York-based ACME Smoked Fish and Empire Distributors.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Rob20beale2 311791810

Preconstruction: A Plan for Success

Rob Beale - W.M. Jordan Company
Karagansmanncshlaw300x300

Post-Retirement Planning: A Checklist for Seniors

Kara Gansmann - Cranfill Sumner & Hartzog LLP
Brett

How Will the New Tax Changes Impact College Planning?

Brett Tushingham - Tushingham Wealth Strategies

Trending News

After 40 Years, Air Wilmington Could Have New Owner

Christina Haley O'Neal - Feb 19, 2018

Changes Coming To Hanover Center, Oleander Drive Site

Cece Nunn - Feb 21, 2018

Papanikolaou Family Opens Symposium At Mayfaire

Jessica Maurer - Feb 21, 2018

South Front Phase II Apartments Fully Leased

Christina Haley O'Neal - Feb 20, 2018

Peño Mediterranean Grill Welcomes Customers To New Location  

Jessica Maurer - Feb 21, 2018

In The Current Issue

Local Businesses Awarded AAA Distinctions Again

Three Wilmington hospitality businesses received 2018 AAA Four Diamond distinctions, a rating that less than 4 percent of thousands of annua...


Plan A Successful Succession

Local experts share how to successfully prepare for a family business succession plan....


A Family Business Rooted In Wilmington

A fourth-generation family business holds its manufacturing operations at the same mill off Castle Hayne Road that it started more than nine...

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

WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes