Print
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.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign14 3325110041

How Does the Property Tax Valuation Appeal Process Work?

Larry Shaheen - The McIntosh Law Firm
Chris 16239425

E32: John Monahan - How I Built a CEO Advisory Group in Wilmington, NC

Chris Capone - Capone & Associates
Jane

It’s Child’s Play

Jane Morrow - Smart Start of New Hanover County

Trending News

Tech Wilmington: Upcoming Events Calendar

Staff Reports - May 14, 2025

Wilmington Trade Center Breaks Ground On Next Phase

Emma Dill - May 15, 2025

Downtown Tract Bought By Hotel Developer For $6.8M

Emma Dill - May 13, 2025

Better Business Bureau Recognizes Two Wilmington Companies

Staff Reports - May 13, 2025

Wilmington-based Outdoor And Adventure Education Center Earns Accreditation

Staff Reports - May 13, 2025

In The Current Issue

Projects Give Town A Sand Infusion

Town officials said the improved channel will enhance navigation for both commercial and recreational boaters, along with the advantages of...


Developers Check Out Area Hotel Need

Officials say the need for more hotel rooms is greatest in the Wilmington Convention District along the riverfront to accommodate the increa...


School Calendar Remains A Subject Of Concern For Tourist Industry

When tourism officials from communities across North Carolina get together for their annual conference, they can count on one discussion top...

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