Real Estate - Commercial

Wilmington-based Commercial Real Estate Firms Combine

By Staff Reports, posted Dec 7, 2023
Two Wilmington-based commercial real estate firms, MoMentum Companies and Integral Commercial Group, have joined forces, according to a news release.

As part of the acquisition, MoMentum Companies is welcoming Adam Nicholas as its chief operating officer. According to the release, Nicholas and his team of professionals bring “a wealth of experience in commercial real estate and business brokerage, with emphases in investment sales, financial oversight of real estate and investment holdings, real estate market analysis, contract negotiations, and business sales.”

In the release, moMentum Companies President Terry Espy said, “I have long admired the exceptional work of Adam and his team, whose dedication and expertise have enabled their firm to create a robust and successful platform in the commercial real estate and business brokerage sectors.”

The financial details of the acquisition were not disclosed. This acquisition increases MoMentum’s size significantly, adding nine employees, five licensed brokers specializing in multiple facets of sales and leasing and four individuals focusing on business brokerage. The MoMentum team is now composed of 21 staff and brokers.

“The acquisition instantly delivers significant advantages for MoMentum’s business brokerage sector, a specialty that has grown significantly over the past two years and is currently responsible for 45% of the company’s revenue,” the release stated.

Nicholas stated in the release, “This acquisition represents a strategic step towards expanding our vision for growth and reinforces our commitment to delivering unparalleled service to our clients and our community.”
Ico insights


Gretchen roberts 2021

New Requirements for Small Businesses: Beneficial Ownership Information Reporting

Gretchen Roberts - Red Bike Advisors
Burrus rob headshot 300x300

Spreading Wings for Flight: 2nd Annual Trade Show Highlights the Ingenuity of UNCW Business Students

Robert Burrus - Cameron School of Business - UNC-Wilmington
Dave sweyer 300 x 300

Insights into the 2023 Leasing Market in Wilmington, NC: What You Need to Know

Dave Sweyer - Sweyer Property Management

Trending News

Wilmington Startup Gains Endorsement Through Spokesperson, Potential Investors

Audrey Elsberry - Feb 26, 2024

Rezoning Proposed For Carolina Beach Land, Including Seawitch Site

Emma Dill - Feb 26, 2024

Sullivan Promoted To Marketing Director At Thomas Construction

Staff Reports - Feb 27, 2024

Sikes Honored As Top Franchisee

Staff Reports - Feb 27, 2024

Wilmington's Venture Capital Spending Declines Sharply In 2023

Audrey Elsberry - Feb 27, 2024

In The Current Issue

MADE: IKA Works Inc. Equips Labs

IKA Works Inc. manufactures products used by universities, biotech companies and more....

Gadgets Boost Area’s Biotech

“AI is starting to weave itself into our social culture. Say you have a wearable on 24/7; you don’t even know it’s there,” said Morris Nguye...

State Real Estate Leader Weighs In

"Forecasts from leading economists suggest a downward adjustment in interest rates by the middle of the year, a development that could notab...

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!



2023 Power Breakfast: Major Developments