Real Estate - Commercial

May 27, 2022

An industrial real estate investment and development firm plans to convert some offices back into warehouse space after purchasing a 100,000-square-foot warehouse on 23rd Street in Wilmington. Edgewater Ventures bought 1519 23rd St., near the Wilmington International Airport, for a little over $6 million from Southside Holdings LLC, according to New Hanover County prope ...

May 25, 2022

New Medical Building Taking Shape In Brunswick County

By Staff Reports, posted May 25, 2022

The creation of a $12 million medical office building at Novant Health's Brunswick County campus is progressing toward a goal of being complete by the spring of 2023. Thomas Construction Group, which broke ground on the two-story, 34,000-square-foot structure earlier this year, was originally contracted to provide preconstruction and design assistance for the buildi ...

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, ...

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A Simple Approach To Difficult Conversations

Posted Feb 17, 2022

The beginning of the year is synonymous with reflecting on the past, identifying new resolutions and, ahem, performance reviews. And while you tried your best this year to give spot feedback and accolades when due, you find yourself in the position of having to give difficult feedback&n...read entire article
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 ...

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 ...

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