Print
More News

Developer Planning Another Building In Pender Commerce Park

By Christina Haley O'Neal, posted Oct 21, 2020
A development group is looking to build another spec building on lot 6 in the Pender Commerce Park, pending a finalized purchase from the county. (Photo courtesy of Chris Ramm)
Another speculative building could be in the works for Pender Commerce Park, pending an upset bid period on a land purchase from the county.

Chris Ramm, manager of Ramm Captial Partners LLC, is looking to purchase lot 6 in the Pender Commerce Park following approval by county commissioners earlier this month, Ramm said Wednesday.

Pender County commissioners approved a purchase agreement for the lot in the industrial park, which is now in the upset bid process period, prior to being officially under contract. The upset bid period ends Oct. 26, Ramm said. 

The purchase price for the 20-acre lot in the industrial park, which is owned by Pender County, is $811,200, according to county documents

Plans are to develop another spec building similar to what was recently constructed in Pender Commerce Park on lot 2 of the industrial park.

“Once we get through the upset bid process, we will immediately start our due diligence and planning our next spec building,” Ramm said, adding that the new spec building would be very similar in design and quality of the existing development.

Ramm and a development team under the name Pender Commerce Park Partners 1 LLC built and is currently marketing the $8 million speculative building, which officials say has gained interest from potential tenants.

“While this deal is certainly not done, we are optimistic about the potential and are appreciative of Chris Ramm and his partners continued belief in the region as a serious business destination,” said Wilmington Business Development CEO Scott Satterfield, in an email Wednesday.

WBD is a public-private organization that facilitates economic development and business recruitment and retention efforts in Wilmington, New Hanover and Pender counties.

Satterfield said, “Chris Ramm’s investment on both projects is timely – the region will have attractive, available industrial space just as U.S. industry looks to re-shape supply chains and tailor their expansion strategies for the post-pandemic economy."
Ico insights

INSIGHTS

SPONSORS' CONTENT
Atromitos micheallegady headshot

The Business Case For Medicaid Expansion – 3 Reasons Business Leaders Should Support Medicaid Expansion

Michealle Gady - Atromitos
Tommytaylor ceo unitedway

Why United Way?

Tommy Taylor - United Way
Mikeharrington carolinaretreats 2

The Big Three: Occupancy, ADR, and RevPAR

Mike Harrington - Carolina Retreats

Trending News

Ash Aziz Restaurant Planned For Autumn Hall

Cece Nunn - Mar 1, 2021

To Help More Downtown Businesses, WDI Seeks To Restructure Loan Program

Christina Haley O'Neal - Mar 1, 2021

In The Current Issue

Buying Homes, Sight Unseen

“The market is so competitive, even a matter of hours can be too little, too late."...


Lapetus Zooms In On Asian Market

While Lapetus Solutions is a startup based in Wilmington, much of its growth and market has been focused across the world in the Asian conti...


Watercraft Handcrafted In Wilmington

Cape Fear Catamarans on U.S. 421 customizes, designs and builds aluminum boats....

Book On Business

The 2021 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