Real Estate - Commercial

Aug 23, 2019

Officials with the company that owns Barclay Center in midtown Wilmington are considering adding a third office building to the complex, something that was part of the original master plan when the center was going to be a campus for Pharmaceutical Product Development (PPD). But PPD's plans changed, and the contract research organization ended up opening its do ...

Aug 22, 2019

A CRO with an office in Wilmington is growing its footprint in the Port City and at its headquarters in Durham. PharPoint Research Inc., a contract research organization (CRO) that focuses on bringing pharmaceutical and biotechnological products to market through a range of services, is expanding into an additional 2,547 square feet in its Wilmington ...

Aug 19, 2019

In Wrightsville Beach, Office Building Sells For $1.3M

By Cece Nunn, posted Aug 19, 2019

An office building at 527 Causeway Drive in Wrightsville Beach sold for $1.3 million, according to a deed recorded Aug. 15. Previously owned by MegaCorp Logistics, the building was purchased Aug. 14 as an investment by Wilmington endocrinologist Ghobad Azizi. PlayerSpace, a sports management software company, occupies the 4,400-square-foot structure after leasing the ...

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Successful Planning Starts Much Earlier Than You Think

Posted Aug 23, 2019
Many business owners believe they have plenty of time to create a successful plan for the future of their businesses. Most commonly, owners think that if they give themselves a few years, they can transform their businesses into whatever they need them to be: whether that means bigger, more valuable, or more easily sold/transferred. And while each business is different and each owner has different...read entire article
Aug 15, 2019

Ulta Beauty Leases Space At Independence Mall

By Cece Nunn, posted Aug 15, 2019

Ulta Beauty has signed a lease for a spot at Independence Mall in Wilmington. The 10-year lease with RSE Independence LLC, the Brookfield Properties entity that owns much of the mall, was signed June 28 by David G. Krueger, senior vice president for growth and development at Ulta, and recorded Aug. 6 with the New Hanover County Register of Deeds. Ulta Beauty (NASDAQ: ...

Aug 14, 2019

Stoked Business Park Coming To Carolina Beach Road

By Cece Nunn, posted Aug 14, 2019

The developer of a project on Carolina Beach Road aims to add supply to an area where he says the kind of commercial space he’s offering is in high demand. Jeffrey Stokley, CEO of Wilmington-based Stokley Development Corp., said Wednesday that Stoked Business Park, which is underway at 5208 Carolina Beach Road, will include retail and warehouse or flex space ...

Aug 12, 2019

At first, Carson Baker's shop in the Wilmington area was just going to be a motorcycle store, selling pre-owned and Indian brand motorcycles. But then, said Baker, who owns Baker American Cycles and Baker Motorsports in Fayetteville, "we added a pontoon brand, and we said, 'OK, we'll be a motorcycle store that sells pontoons.' And then other manufac ...

Aug 7, 2019

Proposals Due This Month For Wilmington's Northern Downtown Sites

By Christina Haley O'Neal, posted Aug 7, 2019

The deadline is approaching this month for developers who wish to build something new on city-owned land at the northern entrance to downtown Wilmington. Applications in the city’s request for proposals (RFP), which opened late May, are due by Aug. 30. Proposals are for future development opportunities at four city-owned parcels in downtown's Northern Business ...

Aug 5, 2019

A spot where people used to dine on South College Road in Wilmington is expected to become a car wash. AAA Carolinas bought the property at 911 S. College Road in a more than $2 million transaction on Aug. 2, according to a deed recorded last week. Home to College Diner until the restaurant closed about a month ago, the 6,000-square-foot building would be demolished ...

Aug 2, 2019

County Offers New Commercial Zones

By Cece Nunn, posted Aug 2, 2019

Two new commercial zoning districts in New Hanover County are expected to help meet the needs of a modern market, officials say.   The county’s pre-existing, decades-old commercial zones, especially the most prevalent one – B-2 – are in need of an update, local officials and real estate professionals say.   For example, B-2, also known as hi ...

Jul 31, 2019

Wilmington-based coffee chain Port City Java is the first business to sign a lease for space at Arboretum West, the mixed-use apartment community under construction off Military Cutoff Road. In addition to 360 apartments, Arboretum West will contain two commercial buildings with 18,000 square feet. The smaller of the two buildings will hold the Port City Java and its dr ...

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