Print
Real Estate - Commercial

With ILM Business Park Fully Leased, Land Still Open For Development

By Christina Haley O'Neal, posted Jun 25, 2019
Two tenants filling the last available building space in the Wilmington International Airport (ILM) Business Park are slated to be finished outfitting their spaces by August, according to Carol LeTellier, ILM’s business development director.

With the final tenants solidified, the ILM Business Park is fully leased, she said. Now there remains 140 acres available for new-build projects.

The New Hanover County Airport Authority approved the last remaining leases to Enterprise Leasing Company – Southeast LLC and Superior Mechanical Inc. this spring.

Enterprise Leasing is leasing Suite 150 of the industrial park flex building. The company, which is a remarking office for cars that become out of service, is now constructing inside its space. The company also leased about 3 acres of fenced-in land on the corner of Gardner Road and Hewlett Drive.

Superior Mechanical Inc. has leased Suite 140. Both spaces are 1,440 square feet.

The companies join several other within the flex space including Scratch on 23rd and Toshiba Business Solutions. Earlier this year, two other companies, Fat Cat Pottery Inc. and Few Moves Moving Co., leased available building space on airport business park property.

These companies join other tenants including, National Weather Service's Wilmington office, All American Aviation Services and Wilmington Business Development.

“These are all kind of non-traditional entities that you would typically see on airport property, except for the flight school, so I think that’s an indication of the appeal of companies to be on airport property and although we had envisioned aerospace-type companies and things like that, we sort of have a mixed bag of interesting companies that offer some interesting services,” LeTellier said.
 
“We’re happy about having the flex building 100% leased out," she added.
 
Now she's looking for developers to lease land and develop product. That includes a gas station and hotel on airport property.

There is still interest coming in for developing a 100-room hotel on business park property, she said.

“We’ve had a lot of interest on that. We don’t have any takers yet,” LeTellier said, adding that conversations with potential groups to develop the hotel are ongoing.

There is also space within the 140 acres for developers to lease land and developers who want to build industrial-type buildings or a turn-key type development for a prospect, ranging in size from 10,000 square feet to 200,000 square feet.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Christy2

Rescuing Roofs with the Environment in Mind

Christy West - Roof Rescue of Wilmington LLC/Roof Maxx
Sherrip2019 insights profile

That’s Who We Are

Sherri Pridgen - Cape Fear REALTORS®
Michaelhiggins 41019104338

Oleander Memorial Gardens Offers New Final Family Resting Places

Michael Higgins - Dignity Memorial

Trending News

More Retail Tenants Announced For RiverLights In Wilmington

Cece Nunn - Jul 22, 2019

Proclaim Interactive Acquires Raleigh Marketing Agency

Johanna Cano - Jul 22, 2019

In The Current Issue

From Catering To Dining In

A local couple's new restaurant, Savor Southern Kitchen, is expanding of their catering company's success....


Hammering For More Of The Market

A Wilmington-based hammer manufacturer is making more than 580 different varieties of one of the world’s simplest tools....


More Zones, More Housing Options

For at least one potential apartment project, things might have been different if New Hanover County’s new zoning districts had already been...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Power Breakfast - The H Word (June 13, 2019)
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Health Care Heroes 2018