Print
Real Estate - Commercial

Former StarNews Building To Become Office Space

By Christina Haley O'Neal, posted Jan 28, 2019
The building that once housed local newspaper StarNews for nearly 50 years has a new owner and is set to become office space.

The building's new owner is Bobby Harrelson, a local developer who created Compass Pointe in Brunswick County and has been involved in numerous other projects.

Harrelson became owner of the properties at 1003 S. 17th St. and 1734 Dawson St. through a $2 million transaction, according to the deed registered in New Hanover County. The previous owner was CA North Carolina Holdings LLC, a company managed by StarNews owner GateHouse Media, the deed shows. 

Don Harley of Coldwell Banker Commercial Sun Coast Partners was the listing and sales agent for the transaction.

According to a recent StarNews article, the local publication has signed a multi-year lease for space inside the Harrelson Building in downtown Wilmington. The StarNews vacated the building after Hurricane Florence battered Wilmington in September.

Currently, there is not a lease in place for the former StarNews building except for about 5,000 square feet that is leased for the StarNews' paper distribution, Harley said.

The building, which totals 53,000 square feet, will go through remodeling and updating, and be put on the market for lease.
 
“With the building just closing last Friday there are still some things we have to do before we can enter it to the market,” Harley said.
  
“We are starting immediately to begin to remodel the building . . . and we're going to put it back on the market as soon as a revised floor plan has been approved for approximately 29,000-plus square feet of office space,” Harley said.
 
The building was constructed in the 1970s, he said, adding, “We will be upgrading it to make it more compatible to the current market conditions.”
 
For the space, Harley said, “we envision nice office space tailored to the entrepreneurial layout; multi-tenanted, in a quality office environment.”
 
Soon, Harley said that just over 7,000 square feet of the building will be active on the market as warehouse space for bulk storage and distribution.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Dallas headshot 300x300

Where Transferable Value Comes From

Dallas Romanowski - Cornerstone Business Advisors
Burrus rob headshot 300x300

Covid-19 Pandemic: Implications For Managers And Human Resources

Robert Burrus - Cameron School of Business - UNC-Wilmington
Michaelhiggins 41019104338

You’ve Lost A Loved One - What Now?

Michael Higgins - Dignity Memorial

Trending News

Asheville Brewery To Open Taproom In Wilmington

Jessica Maurer - Jul 9, 2020

Analysts Say Successful IPO Could Bring Many Benefits To NCino

Jenny Callison - Jul 10, 2020

Opinion: The $2B Investment Decision

Rob Kaiser - Jul 10, 2020

Partnership, $50K Investment Boost Tech Effort To Promote Black-owned Businesses

Cece Nunn - Jul 9, 2020

Court Ruling Opens Lanes At Wilmington Bowling Alleys

Christina Haley O'Neal - Jul 9, 2020

In The Current Issue

Businesses Continue To Adapt To Times

An update on how businesses that were part of the Working Through It series are still coping as a result of the coronavirus pandemic, starti...


Dosher Memorial Marks 90th Anniversary

Dosher Memorial Hospital in Southport recently commemorated its 90th anniversary. The critical access community hospital opened June 2, 1930...


NHRMC Talks Include Focus On Education

Graduate medical education has been one of several issues hashed out as part of the re­cent negotiations over New Hanover Regional Medical C...

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`