Print
More News

MegaCorp Continues To Expand Office Footprint, Workforce

By Johanna F. Still, posted Jan 14, 2022
MegaCorp Logistics' headquarters in Wilmington added 130 employees in 2021 and plans to welcome roughly 150 more in 2022. (Photo by Johanna F. Still)

A third-party logistics firm headquartered in Wilmington has secured a foothold in the Mayfaire-area office market on its quest to make sure its expanding employee base has room as it grows. 

MegaCorp Logistics added 180 new employees last year, with 130 joining the Wilmington team off Sir Tyler Drive. Another 150 could join the Wilmington office this year, according MegaCorp's owner and CEO Ryan Legg.  

The company acts as a middleman between goods producers and trucking carriers; last year it brokered 200,000 loads. It employs 535 between its five locations and brought in $700 million in 2021, up from $50 million a decade ago

“I don’t see us slowing down,” Legg said recently. 

In the spring of 2019, MegaCorp moved into its current HQ building after a major renovation. 

Even with about half the employee base currently working remotely, the company has run out of space, with in-person workers jockeying for parking spots. Throughout the pandemic, MegaCorp never stopped hiring, so it now can’t accommodate all of its Wilmington employees in person if they all decided they wanted office space.  

It takes about one year of in-person training for a new employee to get a firm understanding of the industry, soaking up expertise from peers nearby. Because of this learning curve, Legg said he probably wouldn’t hire a new entry-level remote-only employee but knows many of his experienced now-remote sales reps may never come back to the office. 

The latest growth pressure prompted Legg to roughly double his property management portfolio in a big move that closed days before the year ended. Legg Properties LLC scooped up three nearby buildings in a $15.2 million deal, inheriting Morgan Stanley, Truist, Northwestern Mutual, El Cerro Grande, Cape Fear Commercial, Nikki’s Steakhouse and Sushi Bar, RBC Wealth Management and more as tenants. For tenants, it should be business as usual, company officials said. 

The LLC also picked up Wrightsville Beach’s old landfill next door in a separate deal just before Christmas, last used to store the beach town’s debris off-island during Hurricane Hazel cleanup in 1954. This property could eventually turn into a parking deck or another office building, Legg said.  

“We just wanted anything around here,” he said. Once Cape Fear Commercial and Trask Land Co. move out of their office space at 1051 Military Cutoff Road, MegaCorp intends to usher its employees in by July when planned renovations are completed. 

Legg said the company is committed to Wilmington, and he wants to stay put, as evidenced by the recent purchases. This year, Legg said, the company also intends to be aggressive in the Jacksonville market, moving into a new space there in March, with 120 desks and so far 20 employees. 

Ico insights

INSIGHTS

SPONSORS' CONTENT
Mc2 56882

Landing Whales Requires A Larger Ocean With More Food

Scott Byers - Majestic Kitchen & Bath Creations
Dane

A Simple Approach To Difficult Conversations

Dane Scalise - GriffinEstep Benefit Group
Dallasromanowski headshotcopy

You Can Run, But You Can’t Hide

Dallas Romanowski - Cornerstone Business Advisors

Trending News

New Owners Announced For South Front Street Restaurant

Staff Reports - May 23, 2022

Coastal Entrepreneur Of The Year For 2022 Named

Johanna F. Still - May 24, 2022

Former First Bank Exec Named CFO Of New Hanover County

Staff Reports - May 23, 2022

World-famous YouTuber Spotlights Two Local Restaurants

Jenny Callison - May 25, 2022

Governor's Office Honors Brunswick Co. Volunteers

Staff Reports - May 24, 2022

In The Current Issue

What’s Next For Wilmington East’s $315M Windfall?

Offshore wind, which can generate electricity, represents an untapped economic frontier for the region that has bipartisan support....


Creative Campus Aims To Draw Artists

The Cucalorus Festival has covered a lot of ground over the past 28 years, and with executive director Dan Brawley at the helm, it continues...


Info Junkie: Aariene Hansley

Aariene Hansley, entrepreneurial academy education coordinator at business development firm Genesis Block, shares her top info and tech pick...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100