Print
Real Estate - Commercial

Medical Firms Buy Offices Downtown, In Supply

By Cece Nunn, posted Mar 24, 2015
A local commercial real estate broker has sold office space in downtown Wilmington and in Brunswick County to medical firms in recent weeks, through transactions involving nearly 9,000 square feet.

Brush Dental Care and Farrell Ventures LLC bought the third floor of Chestnut Commons, a building at 414 Chestnut St. in downtown Wilmington’s historic district, for an undisclosed amount, according to an announcement from Garry Silivanch, broker and partner at Eastern Carolinas Commercial Real Estate, who represented the seller, Wells Fargo Bank, in the transaction.

Each floor of the building is about 6,000 square feet, with 5,560 leaseable square feet, Silivanch said, and the second floor of Chestnut Commons is still available for purchase or lease.  

The building was renovated in 2006, and Brush Dental leased an office there in 2008. In addition to its downtown location, Brush Dental has offices in Carolina Beach, Leland and Supply.

Brandon Farrell, a dentist, and his brother Barry Farrell, who is in charge of Brush Dental’s business initiatives, co-founded the company, according to Brush Dental’s website.

In a separate transaction, Surgical Eye Care bought for an undisclosed amount the 3,338-square-foot Doctors Circle office condo it has been occupying in Brunswick Medical Park in Supply. The practice, which includes eye surgeons Alan Brown and Richard Hawkins, also has an office in Wilmington, according to its website.

Silivanch again represented Wells Fargo Bank, the seller, in the Doctors Circle sale while Hansen Matthews, partner in Maus, Warwick, Matthews & Co., represented Surgical Eye Care, the buyer.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Mel profilephoto

Wilmington Beauty Studio is Blowing Up Near the Cargo District

Mel Beasley - Wide Open Tech
Junegunter teachinghorse headshot 5721115557

What Is Next?

June Gunter - TeachingHorse
Ubs chadpearson headshotresized

The Three Dimensions Of Selling Your Business

Chad Pearson - UBS Decision Point Wealth Consulting

Trending News

Total Wine & More Comes To Wilmington, Official Grand Opening Thursday

Johanna F. Still - Jun 27, 2022

McKinley Building Announces Leadership Changes

Staff Reports - Jun 28, 2022

Terry Named CFCC's Vice President Of Student Services

Staff Reports - Jun 28, 2022

Bald Head Island Lands New Vivian Howard Meal-stocked Refrigerator

Jenny Callison - Jun 29, 2022

With First Building Fully Leased, Second Phase Of Industrial Project Commences

Staff Reports - Jun 28, 2022

In The Current Issue

Cruises Can Spark Return Trips

While Charleston and many Florida cities are well-known for being popular ports of call for cruise lines, few people realize that Wilmington...


Stepping Up Burgaw's Parks And Rec

The town of Burgaw's parks, recreation and tourism department recently completed several projects and is involved in several more aimed to e...


Film Focus: Driving The Film Industry

Camera Car Service supplies a mobile platform for lighting and camera equipment to create plate and driving shoots for film productions....

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