Real Estate - Commercial

Brunswick Centers Aim For New Tenants

By Cece Nunn, posted May 8, 2020
Coastal Walk shopping center is under construction and is planned to be occupied by numerous national chains. (Photo c/o Atlantic Retail)
Brunswick County has long been considered by those in the commercial real estate industry as underserved when it comes to retail offerings, but new retail is on the way.
For example: In Shallotte, the Coastal Walk shopping center shopping center under construction at Main Street (U.S. 17) and Smith Avenue will include numerous national chains.
Hobby Lobby, Ulta, PetSmart, Marshalls, Burkes Outlet, Rack Room and Ross are under construction in what is anticipated to be a 200,000-square-foot center on Shallotte’s main thoroughfare.
“We are scheduled to be delivering this summer, and we plan to meet that schedule,” said Ross Waters, partner in Atlantic Retail, which is marketing the center. The developer is Realty Link of Greenville, South Carolina.
During an interview near the end of April, Waters said a grand opening date had yet to be determined.
But leasing work continued.
“We’re getting into the process of marketing locally. There’s been a lot of good interest, good outreach from the community, folks who have existing businesses in North Myrtle Beach or in Wilmington and are looking to expand in between,” he said.
All of the national tenants are new to the town, Waters said.
Nearby, a shopping center under new ownership has the potential to house more tenants.
The owner of other properties in southern Brunswick County bought Shallotte Commons Shopping Center for $1.75 million recently with plans for improvements and to add new tenants. The nearly 86,000-squarefoot center, built in 1984 and last renovated in 2006, now belongs to Carolina Dreams Golf LLC of West Virginia.
In northern Brunswick County, new retailers have been joining the mix rapidly in recent years. At Leland Town Center, a Starbucks completed by Wilmington-based McKinley Building Corp. opened a few weeks ago and construction is underway for more businesses bordered by Ploof Road, U.S. 17 and Ocean Gate Plaza in Leland.
“The other tenant upfits are still moving,” said Palmer Williams, of Leland Town Center development firm C&S Commercial Properties.
Although new retail decisions are on hold in many cases because of the coronavirus pandemic and measures to halt its spread, “The tenant interest is still there,” Williams said. “I think they’re all just waiting to see what’s going to happen with the virus.”
Ico insights


Dallas headshot 300x300

Where Transferable Value Comes From

Dallas Romanowski - Cornerstone Business Advisors
Dave sweyer 300 x 300

Security Deposit Tips For Rental Property Owners & Tenants

Dave Sweyer - Sweyer Property Management
Headshot2 3182020512

Save On Cooling/Heating With Dual Zone HVAC Systems

Chris Jones - Green Dot Heating & Air

Trending News

Asheville Brewery To Open Taproom In Wilmington

Jessica Maurer - Jul 9, 2020

WBD Names First Female Chair, New Board Members

Christina Haley O'Neal - Jul 8, 2020

A New Record For Luxury Homes; Market As A Whole Improves

Cece Nunn - Jul 8, 2020

Coworking Spaces Adapt To Coronavirus Shifts

Cece Nunn and Christina Haley O'Neal - Jul 8, 2020

Opinion: The $2B Investment Decision

Rob Kaiser - Jul 10, 2020

In The Current Issue

Dosher Memorial Marks 90th Anniversary

Dosher Memorial Hospital in Southport recently commemorated its 90th anniversary. The critical access community hospital opened June 2, 1930...

Boom And Bust

Parts of the local and national economy seem to be thriving amidst ongoing restrictions aimed at slowing the spread of COVID-19, while other...

New Eateries Still Open Despite Virus

While some restaurants have gone out of business and others are still temporarily closed, others are expanding....

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`