Real Estate - Commercial

Company Under Contract To Purchase Land For Large Project In Pender

By Johanna F. Still, posted Apr 4, 2022
Pender County officials will consider terminating a utility easement (highlighted) for a potential buyer, Seefried Industrial Properties, of the county-owned property. (Image from Pender County)

Seefried Industrial Properties is under contract to purchase the property where the former BASF vitamin plant once operated, according to Pender County Manager Chad McEwen.

The sum has not been disclosed.

Pender County commissioners are slated on Monday afternoon to consider removing an old utility easement that runs along the boundaries of parcels, each owned by the county, on the former BASF property. The northern 21-acre parcel connects to Quality Way, an entrance to the Pender Commerce Park, and a central 84-acre parcel encompasses half of the former BASF site. A southern 70-acre parcel in New Hanover County owned by Pender County includes the other half of the BASF site. 

An Atlanta-based commercial real estate law firm prepared the utility easement termination paperwork.

“The easement is not needed for future utility extensions and its presence limits the ability to utilize the entire tract, particularly the northern portion of BASF property near Quality Way,”  McEwen wrote in an email Monday. 

Seefried has developed numerous distribution and fulfillment centers for Amazon across the Southeast. The firm did not return requests to comment.

In January, Pender County accepted a $500,000 grant from the Golden Leaf Foundation to help the county offset the cost to remediate the old BASF property. Several buildings remain at the former vitamin manufacturing facility, which closed in 2009. An undisclosed company is planning to bring 1,000 new jobs and a $400 million real and personal property investment to the land once remediated, according to grant documents. The average salary for those jobs will be $31,200. 

Last month local officials announced that Amazon is planning to build a 142,000-square-foot distribution center in the Pender Commerce Park. That project will create a planned 100 jobs on a 40-acre site at the park.

Read more about the latest trend in distribution warehouse space in the latest issue of the Greater Wilmington Business Journal. ​

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