Print
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. ​

Ico insights

INSIGHTS

SPONSORS' CONTENT
Billcoleman lopw headshot

Reaping The Benefits Of Patience

Bill Coleman - Live Oak Private Wealth
Screenshot2022 01 06at338 162234623

Genesis Bridge: Automating Connections to Contracts

Girard Newkirk - Genesis Block
Dave sweyer 300 x 300

Allowing Pets at Your Rental Property: Why It's a Good Choice

Dave Sweyer - Sweyer Property Management

Trending News

Galleria Property On Wrightsville Ave. Sold For $37.5M

Cece Nunn - Aug 10, 2022

Leland Town Center Lands New Tenant; Lowe’s Begins Construction

Johanna F. Still - Aug 10, 2022

Pipeline Poke Headed To Autumn Hall

Elizabeth White - Aug 10, 2022

Rachael Ray, Emeril Lagasse To Appear At GLOW Event

Justin Williams Pope - Aug 10, 2022

New Biz Creations In Cape Fear Region Continue Strong Trend

Johanna F. Still - Aug 9, 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...


Schools Face Nursing Shortage Crises

The pandemic-induced havoc on hospitals around the country still ricochets across systems today. A dire trend accelerated and emerged: a sho...


Film Focus: Printing The Scene

Port City Signs & Graphics "does everything for their set in the way of decals, magnets, backdrop items, canvas art, vehicle graphics and se...

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