Print
Real Estate - Commercial

More Industrial Flex Space Could Be On The Way To Leland

By Cece Nunn, posted Apr 12, 2018
Developers are aiming to build flex space in Leland to meet growing demand. (Conceptual plan courtesy of NAI Carolantic Realty Inc.)
New industrial flex space could be on the way to Leland Industrial Park.

Mercantile Park LLC, managed by husband and wife Manoj and Shelley Bhatia, purchased 15 acres at 2195 Mercantile Drive NE in Leland for $400,000 in January. 

The couple also owns 2216 Mercantile Drive, an 18,000-square-foot facility occupied by eland Industries.

On part of the 15 acres, the Bhatias are planning a 12,800-square-foot building, said Manoj Bhatia and listing agent Joaquin Canals of NAI Carolantic Realty Inc.

They said the planned space can be subdivided into two units, four 3,200-square foot units or be leased to a single larger user.

Manoj Bhatia, whose family developed the recently opened Leland Self Storage, said in their conversations with Leland and Wilmington area officials and real estate agents, "one of the things that kept coming up over and over is the need for flex space in the area or the lack of it."

Canals said the types of businesses that could use the space include industrial users or services, such as an HVAC or plumbing company or general contractor.

"We'd like to get at least one commitment and then we'll come out of the ground," Canals said of the project's potential leasing and construction timeline. "We think there is demand there. We really do, and we have just started the marketing process."

The property has room for additional buildings in the future. Manoj Bhatia said as with Leland Self Storage, the developers want to use best practices when it comes to aesthetics and an innovative design.

"That's what we want to do for every one of our developments," he said.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Volety 0020 1121724229

UNCW to offer N.C.’s first Actuarial Science Certificate Program

Aswani Volety - UNCW College of Arts and Sciences
Lyleheadshot2017 1251720228

Community Service PTO Benefits Your Company, as Well as Your Community

JC Lyle - Wilmington Area Rebuilding Ministry
Dave hoff heashot 300x300

Does Learning Agility Decline with Age?

Dave Hoff - EASI Consult

Trending News

Ohio Company Acquires Wilmington Based Environmental Consulting Firm

Cece Nunn - Jul 19, 2018

Area Restaurants Earn Wine Spectator Recognition

Jessica Maurer - Jul 18, 2018

New Businesses Open, On The Way To Beau Rivage Marketplace

Cece Nunn - Jul 20, 2018

Airport Terminal Expansion Project Set To Move Forward Ahead Of Schedule

Christina Haley O'Neal - Jul 19, 2018

Local Food Delivery Services React To Uber Eats

Jessica Maurer - Jul 18, 2018

In The Current Issue

Talking Tariffs

As the United States navigates a trade war, some local companies and officials are keeping a close eye on the effects of the country’s trade...


PPD Introduces New Patient Enrollment Model

Wilmington-based PPD recently introduced a new patient enrollment model “that significantly reduces the time and cost of conducting clinical...


Hospital Offers Enhanced Recovery After Surgery

Novant Health Brunswick Medical Center recently started offering a new service for patients who have undergone colorectal surgery....

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