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



Paving the Way to Better City Streets

Tony Caudle - City of Wilmington
Tommytaylor ceo unitedway

How Philanthropy Fits Into Your Financial Plan

Tommy Taylor - United Way
Unknown 7112393341

Why Feasibility is Paramount to Success

Holly Segur - Lead Intuitively – Corporate Coaching

Trending News

Riverlights Could Add 73 More Townhomes To Mix, Site Plans Show

Staff Reports - Apr 18, 2024

Game Over For Michael Jordan Museum At Project Grace

Audrey Elsberry - Apr 19, 2024

City Approvals Push Forward Plans For Former Wilmington Fire Stations

Emma Dill - Apr 17, 2024

Surf City Embarks On Park’s Construction

Cece Nunn - Apr 19, 2024

Taking Marine Science On The Road

Lynda Van Kuren - Apr 19, 2024

In The Current Issue

Taking Marine Science On The Road

“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...

Info Junkie: Lydia Thomas

Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....

MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...

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!



2024 Power Breakfast: The Next Season