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
Untitleddesign4

Paving the Way to Better City Streets

Tony Caudle - City of Wilmington
Cfss headshots parker robert webversion 21422121214

Duke Energy Will Pay You Up to $9,000 to Go Solar with a Battery

Robert Parker - Cape Fear Solar Systems
Untitleddesign2

The Importance of Real Estate Appraisals

Steve Mitchell - Cape Fear REALTORS®

Trending News

OPINION: The Case Against A 135-foot Cape Fear Memorial Bridge

Isabelle Shepherd - Jul 15, 2024

Payne Named Director Of Development At Hill School

Staff Reports - Jul 16, 2024

College Road Shopping Center Sells For $8.5M

Cece Nunn - Jul 16, 2024

Jones Tapped As WARM NC's CEO

Staff Reports - Jul 16, 2024

Once Slated For Apartments, Site Off Market Street Could Get 60 Townhomes

Emma Dill - Jul 15, 2024

In The Current Issue

On BHI: Croquet, Anyone?

The Bald Head Island Croquet Club has produced its fair share of hard-hitting croquet crusaders, with past club members Bill and Billie Jean...


Apiture Measures Generational Tastes In Banking

A majority of the youngest American consumers – including 80% of Gen Z and 81% of millennials – report that digital banking is at the core o...


Nonprofit Groups, Governments Aim To Preserve Area Trees

“If you speak to individuals, no one is against trees,” said Dan Camacho, the new executive director of the nonprofit The Alliance for Cape...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season