Real Estate - Commercial

Oct 15, 2019

Vacating Wilmington Business Leaves Large Industrial Space For Lease

By Christina Haley O'Neal, posted Oct 15, 2019

A large industrial space in the Northchase Industrial Park has become available after a company moved its operation out of Wilmington. More than 22,400 square feet is being offered for sublease at 3200 Corporate Drive in the Northchase Industrial Park, according to Hansen Matthews, partner with Maus, Warwick, Matthews & Co. The space is part of a larger building at ...

Oct 14, 2019

South-Tek Systems To Relocate Wilmington Operation To U.S. 421

By Christina Haley O'Neal, posted Oct 14, 2019

South-Tek Systems plans to move to a larger location to support its growing Wilmington-based operation. The company, a designer and manufacturer of nitrogen generators, plans to relocate to a 66,000-square-foot building at 3700 U.S. 421 N. next month, according to an announcement Monday by Wilmington Business Development (WBD). WBD is a private, nonprofit organizat ...

Oct 9, 2019

Italian Menswear Store Coming To The Forum

By Cece Nunn, posted Oct 9, 2019

A new tenant unfolding at The Forum in Wilmington brings Italian menswear to the shopping center on Military Cutoff Road. Baldini for Men is set to replace Spectrum Fine Jewelry, which is going out of business after more than 20 years in the Port City.  Luis Cepeda is opening the men's clothing store, which will be stocked with nearly everything a man needs ...

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What’s Next for Equity Investors?

Posted Aug 5, 2019
Two things are top of mind for equity investors; a market downturn due to a recession or a market downturn due to excessive valuations.
 
I wouldn’t lose sleep wondering if a recession will happen sometime in the future; it will since recessions are a natural part of the business cycle. However, we don’t know when. It’s important to keep in mind that the long t...read entire article
Oct 8, 2019

Local Planet Fitness operators plan to open a new, state-of-the-art location in the space formerly occupied by a Harris Teeter grocery store in Ogden, according to an announcement Monday. The health club, which has more than 1,800 locations in the U.S., has signed a 10-year lease at Ogden Plaza. Harris Teeter closed its store there, 68 ...

Oct 4, 2019

Can City Check Hotels Off List For Now?

By Cece Nunn, posted Oct 4, 2019

In recent years, Wilmington booked the development of hundreds of hotel rooms. But that trend might be slowing down now that some projects are well underway or nearing completion.   “Wilmington’s a booming market; that’s for sure,” said hotel developer Steve Arp. “Lots of people relocate here, lots of development, lots of commercial spa ...

Oct 2, 2019

In transactions that totaled nearly $6 million, separate buyers recently purchased floors of a Mayfaire office building. MJP Properties LLC of Wilmington bought the 12,000-square-foot third floor of The Offices at Mayfaire III, 6752 Rock Spring Road, for about $2.8 million, according to a deed recorded Sept. 30. Tenants on the third floor are Wells Fargo Private ...

Sep 27, 2019

Downtown Building Proposed To Be Rehabbed For WMPO Office

By Christina Haley O'Neal, posted Sep 27, 2019

City council members could take action next week that would allow for the rehabilitation of a vacant, city-owned building on North Fourth Street. The building, located at 525 N. Fourth St., is proposed to become offices for the Wilmington Urban Area Metropolitan Planning Organization (WMPO). The estimated cost to rehabilitate the building, which formerly housed Thomas G ...

Sep 26, 2019

Three convenience store businesses and properties sold recently for nearly $4 million in Brunswick County, according to an announcement Thursday. Anne Adams of Coldwell Banker Commercial Sun Coast Partners was a dual agent in the $3.95 million transaction, which involved 1450 Fifty Lakes Drive in Boiling Springs Lake; and 5303 E. Oak Island Drive and 5501 E. Oak Is ...

Sep 24, 2019

Apartment Developers Buy Former Movie Theater Property

By Cece Nunn, posted Sep 24, 2019

As we travel down Oleander Drive in Wilmington, sometimes multiple times a day, we wonder: What, if anything, will ever happen to that old movie theater building that's just been sitting there with no popcorn, no movies, nothing, for more than a decade? The answer seems to be forthcoming. Apartment developers purchased the property, 5335 Oleander Drive, and the adja ...

Sep 23, 2019

Lidl is among several new tenants coming soon to Wilmington's Independence Mall, officials said Monday. The German-based discount grocery store chain is pictured in a rendering posted inside the mall, along with signs indicating some new tenants for the property, which is slated for redevelopment. Mall officials confirmed that the other tenants include Blaze Pizz ...

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Vacating Wilmington Business Leaves Large Industrial Space For Lease

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