Latest News

Posted on Nov 23, 2021

Suzy, a market research firm focused in technology and real-time research is opening a tech hub in Downtown Wilmington! This will bring 40 new jobs to the region with the average annual salary at $120,000. This is great news for Wilmington and those seeking employment in the area.  Who is Suzy? Suzy “aims to advance human understanding between consumers and enterprises everywhere,” according to the Wilmington Chamber of Commerce. As a company, they are intentional …Read More

Posted on Nov 08, 2021

The featured listing for this month is over 17,000 square feet of industrial space for sale in Castle Hayne, North Carolina! This property sits on 2.90 acres of land and has a variety of property subtype uses. This is the first time this property is on the market, so continue reading for more information! Property Details This industrial space was the former home to Hy-Speed Cleaning Products that began business back in the 1970’s. The …Read More

Posted on Nov 03, 2021

We are happy to report that office rental rates are stabilizing as leasing rates are slowly picking up! Office space is a huge sector in the commercial real estate world, and one that took a hit as a result of the pandemic. Although, as of now, leasing and vacancy rates are returning back to normal and stabilizing.  Rates Stabilizing Overall, office asking rates are up 1.2% annually (year-over-year) with a national average of $40 per …Read More

Posted on Oct 27, 2021

There are a variety of new businesses coming to Waterford and Leland Town Center areas along Highway 17 in Leland. These businesses range from professional office spaces to high-end retailers to every-day retailers. Steve Hall is part of some of these developments, and we are excited to see these new spaces join the community! New Developments Some of the new businesses coming to the area include a Cookout, 7-Eleven and a Take 5 Oil Change. …Read More

Posted on Oct 20, 2021

What are like-kind properties and exchanges? These terms might not be as well known as others in the commercial real estate world, but they are important to know! They could come in handy for your commercial real estate investments, so keep reading for more info! What are Like-Kind Properties? Like-kind properties are two real estate assets that have a similar nature that could be exchanged without any tax liabilities. These properties can be considered similar …Read More

Posted on Oct 06, 2021

The featured listing for this month is 7,500 square feet of retail space for lease in Wilmington, NC! This property is an end cap unit in the University Square Outlet Mall and has a lot of opportunities. Continue reading for more information about this great property. Property Details This property has a variety of potential uses including but not limited to; a convenience store, furniture store, automotive retailer, street retail or other use. It has …Read More

Posted on Oct 06, 2021

2021 is expected to be the biggest year for film in North Carolina history, with Wilmington leading the way. We are so excited to see all of the different productions taking place in Wilmington and the surrounding cities. 2012 was the last big year for film in NC when the production “Iron Man 3” brought $337 million to town. This year the film industry will be even better with spending predictions well over that of …Read More

Posted on Sep 28, 2021

There are many different types of commercial real estate leases. How do you know which one is best for your situation? What do all of the terms mean? We are here to help you better understand commercial real estate leases so that you can select and negotiate more smoothly with any CRE ventures.  Gross Lease/Full Service Lease A full service lease, or gross lease, is when the tenant is responsible for paying a fixed rent …Read More

Posted on Sep 21, 2021

Life sciences firm, Cygnus Technologies Inc., is moving to a new building in the Waterford Commercial Park in Leland. This two story, 45,000 square foot facility is currently under development, with construction starting this fall. Who is Cygnus Technologies Inc., and what does this mean for the Town of Leland? Who is Cygnus Technologies Inc.? Cygnus Technologies Inc. is part of Maravai LifeSciences and works in the manufacturing and distribution of kits that let biotech …Read More

Posted on Sep 14, 2021

The featured listing for this month is over 4,000 square feet of medical office space for sale in the heart of Wilmington. This property has a lot of possibilities, and is available for a variety of uses.  Property Details Zoned O&I-1, this building can be used as a medical office or as a great redevelopment property. It was previously the home of Floyd’s Braces & Limbs for the past 35+ years. There is 1 single …Read More

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