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Real Estate - Commercial

New Office Building Planned At NCino HQ

By Cece Nunn, posted Jan 28, 2021
Site plans were submitted to the city of Wilmington for another 90,000-square-foot building on the same property as nCino's existing headquarters on Parker Farm Drive. (File photo)
Developers are planning another 90,000-square-foot office building for Wilmington-based banking software firm nCino, according to site plans submitted to the city of Wilmington.

The new building would be the same size as nCino's current headquarters at 6770 Parker Farm Drive and adjacent to it, along Cavalier Drive by Mayfaire Community Center, the site plans by LS3P show. 

The plans suggest the firm, which has about 700 employees in Wilmington, expects to continue to grow. nCino, a spinoff of Wilmington-based Live Oak Bank, was founded in late 2011 and debuted on the Nasdaq in July last year.

The years in between were marked by significant growth, including the firm moving into more office space in the Mayfaire area.

nCino is led by CEO Pierre Naudé.

Company officials had no comment on the building plans Wednesday.

"nCino is unable to provide information beyond what is contained in the filing on the city's website and cannot comment further at this time," said nCino spokeswoman Natalia Moose.

Cloud Real Estate Holdings LLC, managed by Raiford Trask III, Bruce Cameron IV and Dan Smith, bought the property at 6770 Parker Farm Drive, including the existing nCino headquarters, for $16.3 million in December. 

Plans have already been submitted to the city of Wilmington to add a five-story, 640-space parking deck to the property, behind Dick's Sporting Goods, at 6780 Parker Farm Drive.

Trask, who also had no comment Thursday about the project, is listed as the developer on the site plans for both the parking deck and the new building. 
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