To add another industrial component to a growing portfolio, a real estate management and investment company recently bought property that includes a 24,000-square-foot facility on Landmark Drive in Wilmington.

Ken Lloyd of KTL Investments said the $990,000 purchase of the building at 411 Landmark Drive, which includes 4,000 square feet of office space on the second floor and is occupied by EXPOGO! Displays & Graphics Inc., was a good transaction for his firm for several reasons. Those include the formerly bank-owned property's location, what Lloyd called "a very attractive price," and that the acquisition comes with a "very well-built building," he said.

"We have a variety of commercial properties, shopping centers and single-tenant assets in and around North Carolina," Lloyd said of his company. "We don't really have a lot of industrial property because we specialize in strip centers."

His firm is also in the process of building a new shopping center on New Centre Drive near Target.

"I'm working with the architects now and engineers on the site work to get that finished up," Lloyd said this week.

On both the Landmark Drive transaction and New Centre Commons shopping center project, Lloyd has been working with Bryan Greene, managing principal of Wilmington-based commercial brokerage firm Turnstone Partners.

EXPOGO! became the tenant at Landmark Drive in December, said Tom Carter, owner of the company, which he started in Wilmington in 1988. EXPOGO! is a trade show display and large-format graphics business that ships products nationwide to a large dealer network, Carter said. "And we service local companies here in Wilmington with displays and graphics," he added.

The company has 12 employees, Carter said.