Print
Real Estate - Commercial

Two-story Building In The Works For Racine Drive

By Cece Nunn, posted Dec 10, 2020
A two-story building that could hold offices is planned for the property at 240 Racine Drive in Wilmington. (Rendering courtesy of Matt Properties)
An two-story building that could hold offices is planned on the property at 240 Racine Drive in Wilmington.

Developer Mandi Chappell of Matt Properties said construction on the 16,000-square-foot building could start in the spring.

The site previously belonged to her father, commercial real estate developer Fred Matt, who died in 2011 and who had been the developer of Racine Commons, and 301 and 235 Goverment Center Drive, as well as other projects in the area.

"We've talked to some therapy centers and different uses, but at this point we are hoping we will lease it up prior or at least partially prior [to construction]," Chappell said Thursday. "What we want now is to have it shovel-ready and we can market it so when somebody comes along, a good fit, we can hit the ground running."

Lindsey Hess of Wilmington-based commercial real estate firm Cape Fear Commercial is the listing agent. Hess said there's "strong demand for Class-A office space in a prime location with the opportunity for the prospective tenant to create a floorplan specific to their needs. 240 Racine also offers ample parking and proximity to retail and restaurants."

She said what also makes 240 Racine attractive is its location in central Wilmington near the University of North Carolina Wilmington with easy access to both the Mayfaire/Landfall area and downtown Wilmington.

"The building will be located near the highly trafficked intersection or Racine Drive and Eastwood Road, adjacent to Racine Commons, which offers restaurants and retail as well the planned Government Center Redevelopment," Hess said.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Screenshot2022 01 06at338 162234623

Genesis Bridge: Automating Connections to Contracts

Girard Newkirk - Genesis Block
Brookeskipper saltair headshot2

Improving Indoor Air Quality Requires a Systematic Approach

Brooke Skipper - Salt Air
Picture1 12522112034

Commercial Roof Spring Cleaning Checklist

Jeanette Omdalen - Highland Roofing Company

Trending News

Murchison Building Downtown Sold For $8.25M

Johanna F. Still - Aug 12, 2022

With Home Sales Down In July, Realtors Struggle To Choose 'sweet Spot' Prices

Cece Nunn - Aug 12, 2022

Local Film Projects Building Sizeable Spend; New TV Series Announced For September

Jenny Callison - Aug 12, 2022

In The Current Issue

Commercial Tenants Navigate Rent Spikes

One of the realities small businesses throughout the area face when trying to find commercial space, which also include increasing rents and...


Film On Rebound; New Horse Enters Race

New soundstages in Wilmington are set to be constructed toward the end of the year – marking activity that appears hasn’t happened since the...


Beach Equipment Rentals Sizzle

For some beachgoers, their perfect day is lazing on the shore, soaking up rays. For others, it’s water sports or maybe biking alongside the...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100