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Real Estate - Commercial

Masonboro Commons Shopping Center Sells For $3.3M

By Cece Nunn, posted Mar 2, 2016
Correction: This version of the story corrects Nicholas Silivanch's title to partner.

A firm that recently purchased a Hampstead shopping center also bought Masonboro Commons, a Carolina Beach Road property anchored by a Food Lion grocery store, a broker said Wednesday.

Caliber Capital of Atlanta bought the center at the corner of Golden and Carolina Beach roads for $3.3 million on Feb. 25, said Nicholas Silivanch, partner with Eastern Carolinas Commercial Real Estate.

Silivanch said the center, which is also anchored by Planet Fitness, stays busy. His company represented the buyer in the sale.

“It gets a lot of Monkey Junction traffic, and then it gets neighborhood traffic with where its located in southern New Hanover County, which is growing exponentially,” Silivanch said.

In addition to Masonboro Commons, Caliber also bought Hampstead Station from DMI as part of a two-center portfolio, said Silivanch, whose company has been retained for leasing and outparcel sales for both centers.

The Hampstead Station purchase for $4.4 million was announced Monday. Hampstead Station is located in on U.S. 17 in Pender County.

Caliber is continuing to look at the possibility of additional purchases, Silivanch said.

"Our client remains interested in purchasing properties with upside potential throughout the Eastern Carolinas and are excited about the acquisition of this two-center portfolio," he said in a news release.

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