Developer Steve Anderson admits he hasn’t figured out what he plans to call the next phase of his office development in the Mayfaire Town Center, but realizes he better come up with one quickly.
“I know how the building is going to look,” Anderson said with a chuckle. “We’re just calling it Phase Two Offices at Mayfaire.”
Despite the project’s being months away from breaking ground, Anderson’s new, class-A office condominium development is 45 percent leased.
Plans for the second phase of the development call for a new three-story, 32,000 to 36,000-square-foot building to rise on 2.7 acres directly behind the Harris Teeter grocery store in the Mayfaire mixed-use development near Parker Farm Road.
Anderson sold out the first phase of his office development in January.
Since announcing plans for his second phase, Anderson has reported the entire third floor of the future office condo is leased. He added that 4,000 square feet of office space on the first floor is also contracted for occupation.
And potential tenants are calling.
“We’ve seen a lot of interest,” Anderson said. “And that’s a good thing.”
Wilmington-based McKinley Building Corp. and local architectural firm Cothran Harris Architecture — who completed construction and office condo up-fittings on the first Offices at Mayfaire building last month — have been tapped to develop the new office building.
Anderson would not identify the future tenants, but hopes to start turning dirt on the site by late third quarter, or early fourth quarter of 2012.
Brandon Lisk, a McKinley Building Corp. project manager overseeing the new project, said the building’s exterior would mirror the original building across the street, boasting a rounded corner of ground-to-ceiling blue-tinted glass and brick exterior. The facility would also incorporate energy efficient qualities, much like its sister building in the same development.
Anderson said much of the demand for his office condos is market driven, adding that if the interest level for the site continues, a Phase Three may soon be in the works.
“If everyone that has expressed interest in this building actually signs on, then I would have overflow into the third phase building at nearly 30 percent,” Anderson said. “People really feel like things are beginning to turn around.”
Anderson added that, before moving forward with phase two of the development, he wanted to ensure his first office building was completely occupied.
Four new tenants are moving their operations into the first Office at Mayfaire building this spring, including Wells Fargo Advisors, which is consolidating two of its Wilmington offices to occupy 12,000 square feet on the third floor of the office building; and Wilmington-based WellCare Home Health, set to relocate its offices into 12,000-square feet of space on the second floor.
“I don’t act on a new development until I’ve 100 percent leased the building,” Anderson said. “That has been key in these developments.”
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