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Real Estate - Commercial

Porters Neck Shopping Center Switches Brokerage Firm For Leasing

By J. Elias O'Neal, posted Aug 6, 2013

 

The portfolio of retail centers represented by a local brokerage team is growing. 

Wilmington-based Team Silivanch of Coldwell Banker Commercial Sun Coast Partners announced Tuesday that it would assume the primary leasing responsibilities for the Porters Neck Shopping Center.

The retail center is owned by Porters Neck Center Inc. and was formerly leased by Wilmington-based RE/MAX Essential. 

Nicholas Silivanch, vice president of retail leasing and acquisitions with Coldwell Banker Commercial Sun Coast Partners and principal broker with Team Silivanch, along with fellow broker Mark Johnson, will lease space in the retail center, Silivanch said.

Built in 1997, the shopping center at 8207 Market Street has more than 80,000 square feet of gross leasable area and is one of the largest retail centers in the region. The shopping center will also abut a new 250,000-square-foot retail center that includes an 189,544-square-foot Walmart and a 61,180-square-foot retail center – whose rezoning was approved unanimously Monday by the New Hanover County Commissioners to make way for the development.

Because of its proximity to the new retail development, Silivanch said his team, Team Silivanch, is currently looking for national retail tenants and a new restaurant to join the existing tenants at the shopping center.

Current tenants at the Porters Neck Shopping Center include its anchor, Food Lion, as well as K-38, Port City Java, Mattress Capital and U.S. Cellular.

Team Silivanch also represents the retail leasing interests of other shopping centers in the area including University Centre on South College Road, the Village at Myrtle Grove on Carolina Beach Road and Snow’s Cut Crossing in Carolina Beach.

 

 

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