Print
Real Estate - Commercial

The Last Of The Offices At Mayfaire Sells For $11.7M

By Cece Nunn, posted Feb 12, 2019
The Offices at Mayfaire VI building sold recently for $11.7 million to Raleigh investors. (Photo courtesy of Steve Hall)
An eight-year commercial real estate journey has come to a close in Mayfaire's office park.

The Offices at Mayfaire VI sold recently to Raleigh investors, according to an announcement Tuesday. The deed shows the buyer, Ticon Properties, paid $11.7 million to previous owner The Offices at Mayfaire VI, an entity of Wilmington-based development firm SAMM Properties.

The 40,500-square-foot office building is leased in its entirety by banking software company nCino. 

Offices at Mayfaire developer Steve Anderson of SAMM Properties led the creation of 222,500 square feet of office space within the Mayfaire office park from 2011 to 2019. 

Anderson said his team included Steve Hall, partner with Wilmington-based commercial real estate firm Maus, Warwick & Matthews, Brandon Lisk with Mckinley Building Corp., David Martin with Murchison Taylor and Cothran Harris with Harris Architecture.

Office space is in high demand in various parts of Wilmington, but especially in the Mayfaire area.

"We constantly get calls for suites that range in size for Mayfaire and unfortunately we just don't have the inventory to lease it or sell it," Hall said Tuesday.

But more space is on the way to Military Cutoff Road, Eastwood Road and nearby.

Although the sale of The Offices at Mayfaire VI concludes the series of six office buildings within the Mayfaire office park, Steve Anderson and his son Parker Anderson of SAMM Properties "are excited to transition into their next development, Bradley Creek Station, an 80,112-square-foot building that will consist of class A retail space on the first floor and class A office space on the second and third floor with the option to lease or purchase," the announcement stated.

Bradley Creek Station on Oleander Drive is set to begin construction in March with an anticipated completion date of first quarter of 2020.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Billhunter300x300 b&w

Color Me Impressed: Putting Color to Work for Your Brand  

Bill Hunter - Wilmington Design Company
Johndevaneycapefearclinic300x300

Cape Fear Clinic Pharmacy

John Devaney - Cape Fear Clinic
Img 1576c1

What We Think is Unique About Our Firm

Eddie Nowell - South Atlantic Capital Management Group

Trending News

KFC On Market Street Update: More Than $1M For Less Than 1 Acre

Cece Nunn - Mar 25, 2019

Four Wilmington Startups Semi-finalists For NC IDEA SEED Grant

Johanna Cano - Mar 25, 2019

Coast Guard Bulkhead Repairs Scheduled, Park Improvements Follow

Jenny Callison - Mar 25, 2019

Downtown Fix

Cece Nunn - Mar 25, 2019

Affiliated Businesses Locate To Shared Office Space

Jenny Callison - Mar 25, 2019

In The Current Issue

6 Months After Florence

It’s been six months since Hurricane Florence made landfall in the Wilmington area, and John Pike and his family are still not living in the...


In The Business Of Brunswick

William Early, executive director of Brunswick Business & Industry Development, is charged with advancing economic growth within the county....


Demand For Apartments Spreads

Leland is growing so fast, it needs more housing ASAP. In fact, some incentives were granted recently to a developer planning to build more...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties