Print
Real Estate - Commercial

More Industrial Flex Space Could Be On The Way To Leland

By Cece Nunn, posted Apr 12, 2018
Developers are aiming to build flex space in Leland to meet growing demand. (Conceptual plan courtesy of NAI Carolantic Realty Inc.)
New industrial flex space could be on the way to Leland Industrial Park.

Mercantile Park LLC, managed by husband and wife Manoj and Shelley Bhatia, purchased 15 acres at 2195 Mercantile Drive NE in Leland for $400,000 in January. 

The couple also owns 2216 Mercantile Drive, an 18,000-square-foot facility occupied by eland Industries.

On part of the 15 acres, the Bhatias are planning a 12,800-square-foot building, said Manoj Bhatia and listing agent Joaquin Canals of NAI Carolantic Realty Inc.

They said the planned space can be subdivided into two units, four 3,200-square foot units or be leased to a single larger user.

Manoj Bhatia, whose family developed the recently opened Leland Self Storage, said in their conversations with Leland and Wilmington area officials and real estate agents, "one of the things that kept coming up over and over is the need for flex space in the area or the lack of it."

Canals said the types of businesses that could use the space include industrial users or services, such as an HVAC or plumbing company or general contractor.

"We'd like to get at least one commitment and then we'll come out of the ground," Canals said of the project's potential leasing and construction timeline. "We think there is demand there. We really do, and we have just started the marketing process."

The property has room for additional buildings in the future. Manoj Bhatia said as with Leland Self Storage, the developers want to use best practices when it comes to aesthetics and an innovative design.

"That's what we want to do for every one of our developments," he said.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Rob20beale2 311791810

The Key to Project Success

Rob Beale - W.M. Jordan Company
Corey61

The Toughest Job There Is

Corey Lewis - Cape Fear Jobs
Img 0621

Tax Evasion Versus Tax Avoidance

Karen Durda - Century Accounting and Tax Services, Inc.

Trending News

Open For Business: New Announcements (Sept. 19)

Johanna Cano - Sep 19, 2018

Power Outages Remain In New Hanover County

Christina Haley O'Neal - Sep 20, 2018

Tips On What To Do Now For Storm Damage

Vicky Janowski - Sep 19, 2018

Open For Business: New Announcements (Sept. 20)

Johanna Cano - Sep 20, 2018

Downtown Recovery Ongoing, Flooding Still An Issue

Cece Nunn and Christina Haley O'Neal - Sep 19, 2018

In The Current Issue

Marpac Adds Tools For Better Sleep

Wilmington-based Marpac is crashing further into the sleep industry with a line of products to help people get shut eye....


Checklist Of Post-storm Resources

Hurricane Florence has left many homes and businesses in the area with damages that range from simple repairs to more complicated and time-c...


Love, Lydia Bakery Moves In

Lydia Clopton opened Love, Lydia in July at 1502 South Third St. The location was previously a home that was remodeled into the bakery....

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes