Real Estate - Commercial

May 18, 2022

Mortgage Firm Moves To Office At Mayfaire Town Center

By Cece Nunn, posted May 18, 2022

The Wilmington branch of a national mortgage company is setting up shop in Mayfaire Town Center. CrossCountry Mortgage LLC moved from an office at 1638 Military Cutoff to 820 Town Center Drive, a storefront on the same row as Palmetto Moon and Hand & Stone Massage and Facial Spa, among other businesses at the center. Benjamin Hawkins, originating branch manager, ...

May 17, 2022

ILM Hotel Developers Seek 65-foot Height Variance

By Johanna F. Still, posted May 17, 2022

Developers behind plans to bring a luxury six-story hotel to the Wilmington International Airport Business Park are requesting a height variance from New Hanover County. The proposed Crowne Plaza involves a 150-room hotel, including 5,000 square feet of event space, a restaurant and rooftop bar.  ILM Airport Hotel Partners LLC is proposing to build a 9 ...

May 16, 2022

A Virginia-based firm has invested in a local facility leased by Pacon Manufacturing for its headquarters. Gladstone Commercial Corp. (NASDAQ: GOOD) bought the 345,584-square-foot industrial manufacturing and distribution warehouse, located on nearly 60 acres at 100 Quality Drive in Navassa, for $18.8 million, according to a news release. The property ...

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Finding Success in Succession Planning

Posted Apr 21, 2022
At Pathfinder Wealth Consulting, we help many business owners and executives transition into retirement; but retirement looks different for everyone, and many people would rather not “retire,” instead shifting to less hours, different duties, and more meaningful activities.  To have these options, we look for success in succession planning.  

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May 12, 2022

Developers planning Battleship Point, a major mixed-use project on the west bank of the Cape Fear River, announced Thursday they are officially withdrawing applications from the town of Leland. The group had sought a new riverfront zoning designation and annexation by the northern Brunswick County town after the same requests stalled with New Hanover County officials. ...

May 6, 2022

Developers Share Plans For New Riverlights Commercial Hub

By Staff Reports, posted May 6, 2022

Developers unveiled additional plans Friday for 7Bridge, a 37-acre commercial village at the Riverlights master-planned community on River Road in Wilmington. "With parcels for retail, entertainment, service commercial and offices, 7Bridge is part of a larger 120-acre mixed-use village that will anchor the southern entrance to Riverlights with a variety of resident ...

May 6, 2022

Office Buildings Finding New Life

By Cece Nunn, posted May 6, 2022

Steve Smith would be surprised if the former PPD headquarters in downtown Wilmington doesn’t remain an office building as the company that purchased PPD considers selling the property.   “The design of the building has predominantly column-free space providing tremendous flexibility in office planning and layouts. I don’t think the life of this ...

May 5, 2022

Amazon-tied Firm Backs Out Of Pender County Purchase Offer

By Johanna F. Still, posted May 5, 2022

An industrial development firm that frequently partners with Amazon on large warehouse developments in the Southeast has canceled its purchase offer for more land in the Pender Commerce Park. Through its real estate law firm, the Atlanta-based Seefried Industrial Properties notified Pender County on April 22 of its decision to terminate a contract to purchase about 150 ...

May 2, 2022

The property that held Port City Chop House on Eastwood Road has changed hands for nearly $3 million. The longtime Wilmington restaurant closed permanently in April. Keith Hall, who owned the restaurant and the real estate, sold it last week to 5512 Business Dr LLC, a Wilmington-based entity managed by Mark Maynard Jr., for $2.855 million, according to the deed and stat ...

Apr 21, 2022

RL Cold, the largest cold chain developer in the nation, broke ground on a $100 million cold chain storage facility in the Pender Commerce Park Thursday.  The investment is being constructed on a 29-acre site in the commerce park off U.S. 421. At nearly 285,000 square feet, the facility will be among the most modernized and sustainable cold chain storage produ ...

Apr 20, 2022

Investors recently bought a 320,000-square-foot warehouse and distribution complex in Leland for nearly $10 million, capitalizing on a continuing trend in the Cape Fear region. The partners behind the buying entity, Leland Industrial Complex LLC, purchased Cape Fear Industrial Complex in Rocky Point about two years ago for more than $8 million.  Their Lelan ...

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In The Current Issue

MADE: Making A Cut In Custom Woodworking

A staple in the community for about three decades, the Wilmington custom woodworking shop also features a retail component – a unique featur...


Info Junkie: Aariene Hansley

Aariene Hansley, entrepreneurial academy education coordinator at business development firm Genesis Block, shares her top info and tech pick...


Creative Campus Aims To Draw Artists

The Cucalorus Festival has covered a lot of ground over the past 28 years, and with executive director Dan Brawley at the helm, it continues...

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