Print
Real Estate - Commercial

Mayfaire Office Building Sells For More Than $7.3M

By Cece Nunn, posted Aug 24, 2018
A SunTrust firm has purchased The Offices at Mayfaire V, which will be fully occupied by Wilmington Health. (Photo by Cece Nunn)
One of the newest buildings in the Mayfaire office park has changed hands for $7.36 million.

A company that's part of SunTrust Bank bought the 30,000-square-foot structure The Offices at Mayfaire V as an investment that has been leased by one of Wilmington's largest health care providers, a broker announced Thursday. 

"Last year, we were truly fortunate to work with such a quality organization as Wilmington Health, which leased all of Mayfaire V," wrote Steve Hall, broker and partner with Maus, Warwick, Matthews & Co., in an email. Hall has been working with Offices at Mayfaire developer Steve Anderson and his son, Parker Anderson, on recent projects through the Andersons' development company, SAMM Properties. "This year we’ve had the privilege to work with another quality organization, WH Wilmington NC Landlord LLC, in the sale of the building."  

WH Wilmington NC Landlord LLC is managed by SunTrust NLIP Inc., a subsidiary of SunTrust Bank.

All six of the buildings in The Offices at Mayfaire complex behind Mayfaire Community Center are fully leased. The builder is McKinley Building Corp.

"Mayfaire V is perfectly located within Mayfaire Town Center with great visibility and easy access from Military Cutoff along with  Eastwood Road.  The office portion of Mayfaire is now in the final stages since Wilmington Health and nCino [a banking software company] have leased the last two planned buildings for The Offices at Mayfaire," Hall said. "It is impressive to ride through the park. Steve Anderson has done a wonderful job of designing a Class A office park." 

Hall is also working with Anderson on one of the longtime Wilmington developer's latest projects.

"Now that we are at 100 percent occupancy in The Offices at Mayfaire, Bradley Creek Station will be the next planned development for business owners to buy or lease their office suite located on Oleander Drive," Hall said.      

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Chris coudriet

New Hanover County Offers Expertise And Resources For Safe Reopening

Chris Coudriet - New Hanover County Government
Michaelhiggins 41019104338

Unique Ways To Always Remember Loved Ones

Michael Higgins - Dignity Memorial
Dallas headshot 300x300

Realistic Timelines

Dallas Romanowski - Cornerstone Business Advisors

Trending News

Downtown Wilmington Restaurant Closes Permanently

Jessica Maurer - Jun 3, 2020

Publisher’s Note: What Didn’t Happen Last Night

Rob Kaiser - Jun 1, 2020

Businesses, Law Enforcement Take Stock Of Protest Aftermath

Staff Reports - Jun 1, 2020

Friday Deadline For County's $10K Small Business Grants

Cece Nunn - Jun 1, 2020

Flying Machine Brewing Co. Expanding To Wrightsville Beach

Jessica Maurer - Jun 3, 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...


Stay-at-home Improvement

As hardware and other do-it-yourself (DIY) home improvement retailers and gardening supply stores begin to enter their busy season, they are...


In Beach Town, Waves Of Reopening

Business owners on Pleasure Island, which includes the New Hanover County towns of Carolina Beach and Kure Beach, share a measured enthusias...

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

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`