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
Susan 2 april242017

Lessons Learned in Paradise

Susan Willett - Old North State Trust, LLC
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Crafting and Utilizing the Buyer Persona

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Img 0621

Beware the New Tax Laws!

Karen Durda - Century Accounting and Tax Services, Inc.

Trending News

Morton Approved As CFCC President By State Board

Jenny Callison - Apr 20, 2018

CFCC Situation Draws State Board Scrutiny

Jenny Callison - Apr 20, 2018

Music Supply Firm's New Location Makes Room For Growth

Christina Haley O'Neal - Apr 20, 2018

In Case Of GenX

Christina Haley O'Neal - Apr 20, 2018

Area Attorneys Chosen For 2018 Super Lawyers List

Staff Reports - Apr 20, 2018

In The Current Issue

Rates, Mortgage Demand On The Rise

Mortgage rates may be inching up, but demand for mortgages remains strong in the Wilmington market, say brokers....


When Demolition Is The Answer

While reusing a vacant commercial building is often an option, there can be important reasons, local commercial building and real estate exp...


Risks, Rewards In Outdoor Industry

Living the dream isn’t easy. When Capt. Dave Tilley makes his way to the Wild Rover III in the Carolina Beach Marina, he’s not sure what his...

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