Print
Real Estate - Commercial

The Last Of The Offices At Mayfaire Sells For $11.7M

By Cece Nunn, posted Feb 12, 2019
The Offices at Mayfaire VI building sold recently for $11.7 million to Raleigh investors. (Photo courtesy of Steve Hall)
An eight-year commercial real estate journey has come to a close in Mayfaire's office park.

The Offices at Mayfaire VI sold recently to Raleigh investors, according to an announcement Tuesday. The deed shows the buyer, Ticon Properties, paid $11.7 million to previous owner The Offices at Mayfaire VI, an entity of Wilmington-based development firm SAMM Properties.

The 40,500-square-foot office building is leased in its entirety by banking software company nCino. 

Offices at Mayfaire developer Steve Anderson of SAMM Properties led the creation of 222,500 square feet of office space within the Mayfaire office park from 2011 to 2019. 

Anderson said his team included Steve Hall, partner with Wilmington-based commercial real estate firm Maus, Warwick & Matthews, Brandon Lisk with Mckinley Building Corp., David Martin with Murchison Taylor and Cothran Harris with Harris Architecture.

Office space is in high demand in various parts of Wilmington, but especially in the Mayfaire area.

"We constantly get calls for suites that range in size for Mayfaire and unfortunately we just don't have the inventory to lease it or sell it," Hall said Tuesday.

But more space is on the way to Military Cutoff Road, Eastwood Road and nearby.

Although the sale of The Offices at Mayfaire VI concludes the series of six office buildings within the Mayfaire office park, Steve Anderson and his son Parker Anderson of SAMM Properties "are excited to transition into their next development, Bradley Creek Station, an 80,112-square-foot building that will consist of class A retail space on the first floor and class A office space on the second and third floor with the option to lease or purchase," the announcement stated.

Bradley Creek Station on Oleander Drive is set to begin construction in March with an anticipated completion date of first quarter of 2020.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Jessiepowellheadshot webversion

5 Reasons to Build Custom Franchise Software

Jessie Powell - Wide Open Tech
Headshotrosaliecalarco 1182131047

Beware of Online Holiday Shopping Scams

Untitleddesign12 101424113223

The Distinction and Importance of a CEO Working On the Business vs. Working In the Business

John Monahan - Vistage

Trending News

City To Consider New Leases For Fintech Firm, Senator's Office

Emma Dill - Jul 15, 2025

Leland-based Firm's Product Earns Innovation Award

Staff Reports - Jul 15, 2025

Tree Alliance Announces New Board Members

Staff Reports - Jul 15, 2025

Ullucci Named Founding Director Of Physical Therapy Doctoral Program

Staff Reports - Jul 15, 2025

TD Bank Promotes Johnson To Retail Market President Of Mid-South Metro

Staff Reports - Jul 15, 2025

In The Current Issue

Unraveling A Film Industry Slump

The slowdown has affected the number of projects being shot in the area, and more attractive incentives offered by other countries have also...


Small Business Spotlight: Business Offers Layers Of Local Hospitality

Jordan Giovannucci opened Canary Yellow, a business with boutique hotel, retail and coffee components, this year....


At Greenfield Lake, Changes Abound

The amphitheater improvements included installing more than 2,600 square feet of synthetic lawn inside a new fenced area, adding just over 5...

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