Print
Real Estate - Commercial

Cape Fear Commercial Partners With Developers On Leland Project

By Cece Nunn, posted Nov 30, 2022
Cape Fear Commercial has teamed up with SAMM Properties on The Offices & Shoppes at Waterford, a project coming to Leland. (Rendering courtesy of Cape Fear Commercial)

Commercial real estate brokers at one of Wilmington’s busiest firms have teamed up with well-known office developers on a project coming to Leland.

Lindsey Hess and Bryce Morrison of Cape Fear Commercial are partnered with Wilmington-based SAMM Properties on The Offices & Shoppes of Waterford, 2040 Olde Regent Way next to the Waterford Harris Teeter, according to an announcement this week.

“We’re excited about the new partnership, Cape Fear Commercial being one of the premier commercial real estate agencies in the region, and Bryce and I particularly have a lot of office and retail experience,” Hess said Wednesday. “We think we're really well-suited for the project itself, both on the sales and leasing side.”

Hess said the developers are preparing to break ground on the project as early as the first quarter of 2023.

The complex will have two, 38,000-square-foot buildings. The first of its three floors will feature high-end retail with an outdoor patio, while the second and third floors will be designed as Class-A office/medical space, according to marketing materials. The buildings also include potential restaurant spaces with room for outdoor seating.

SAMM Properties, helmed by Steve Anderson along with his son, Parker Anderson, will be overseeing the Waterford project, a news release stated. The developers have “a 20-year track record of delivering top quality developments in the Greater Wilmington Area," according to the release.

Their developments include The Offices at Airlie, Bradley Creek Station, Howe Creek Landing, the redevelopment of Bradley Square, 17th Street Medical Park, Anderson Square and The Offices at Mayfaire, comprising six individual multi-story Class A office buildings.

"With strong year-over-year growth in Leland and Brunswick County, The Offices & Shoppes of Waterford is positioned to meet the growing retail and office demand in the greater Leland area," Morrison said in the release.

Hess said Wednesday that the up-and-coming Leland office sector has been focused on medical space in the recent past. “But I think that market is poised to capture some of the overflow from Wilmington.”

The Offices & Shoppes at Waterford has some potential tenants already in the pipeline, Hess and Morrison said Wednesday.

Ico insights

INSIGHTS

SPONSORS' CONTENT
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce
Jessiepowellheadshot webversion

5 Reasons to Build Custom Franchise Software

Jessie Powell - Wide Open Tech
Untitleddesign2 9202334730

Best in the State: Providing Quality Care to Medicare and Medicaid Patients Allows Novant Health New Hanover Regional Medical Center to Reinvest in Community

Novant Health - New Hanover Regional Medical Center Novant Health

Trending News

Conservation Group Signs $8M Deal To Buy The Point On Topsail Island

Audrey Elsberry - Mar 26, 2024

National Organization Bestows Top Award On Cape Fear Professional Women In Building

Staff Reports - Mar 26, 2024

Engineering Firm Hires Four Employees

Staff Reports - Mar 26, 2024

N.C. Ports Officials React To Baltimore Bridge Collapse

Audrey Elsberry - Mar 26, 2024

NCino's Fourth-quarter Earnings Signal Rebound From Liquidity Crisis

Audrey Elsberry - Mar 27, 2024

In The Current Issue

Topsail-area Realtors Share Updates

Pender County Realtors recently shared updates about the coastal market at an event hosted by the Wilmington-Cape Fear Home Builders Associa...


Park Progress

The planning for Pender Commerce Park began in the early 2000s when the county wanted to create an economic driver on its largely rural west...


Hacking Cyberdefense Shortage

A shortage of cybersecurity professionals influenced professor Ulku Clark and her team to slowly evolve UNCW’s offerings to now include eigh...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments