Two brothers headed to Wilmington International Airport this month are embarking upon a business trip that doesn't involve a plane ticket.
Luke and Michael DiDio, owners of a company that sells used luxury cars in Wilmington, are moving to a new location on ILM property after leasing space from the airport for a showroom.
Dynasty Motors should be open for business in 6,690 square feet of space at 2201 Blue Clay Road by April 1, Luke DiDio said.
They started Dynasty Motors less than two years ago, and growth coupled with a desire for change led to their plan to leave 6726 Netherlands Drive in Dutch Square, he said.
“Me and my brother, we decided to do things a different way,” Luke DiDio said.
Many of the cars Dynasty Motors sells are rare or hard to find, he explained, and the Blue Clay Road location will give customers the chance to study the vehicles from all sides.
“We think that when somebody walks into a showroom that's completely under one roof, it's a really cool thing and a really cool concept, and we enjoy doing that,” DiDio said. “It's an indoor warehouse, but you can see everything from the outside.”
Some staples of their sales are BMW, Land Rover, Jaguar and Mercedes Benz. For example, DiDio said last week, the company's current inventory includes a Mercedes SL500 with 44,000 miles on the odometer and one previous owner, which DiDio described as an “unheard of” find in his business.
The space Dynasty Motors will occupy was formerly home to Con-Way Freight, a trucking company, and had been vacant for about a year and a half, said Jim Morton, finance director at ILM. The airport is paying for some of the necessary upfitting the building requires, he said.
Leases like the one Dynasty Motors signed earlier this month, and that of a separate property that a laser tag business is considering, add revenue for the airport, Morton said.
Broker Glenn Imboden of Coldwell Banker Commercial Sun Coast Partners represented Dynasty Motors in the transaction, while Jeremy Phillips of Environments Unlimited Inc. represented the New Hanover County Airport Authority, which leases its property from New Hanover County.
After searching for a new location for six months, the DiDio brothers landed on the airport property as a result of Michael DiDio missing a flight from ILM, Luke DiDio said. That day, they drove from ILM to their current office, found details about available space at the airport online and then drove back to check it out.
“We said we could definitely make it work,” Luke DiDio said.
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