We are proud to announce State Employees Credit Union purchased property on South 17th Street where they plan to build a 8,500-square-foot branch.

Hansen Matthews, partner a Maus, Warwick, Matthews and Company, represented the buyer, State Employees Credit Union, in this $4.45. million deal.

State Employees Credit Union

As Hansen commented to the Greater Wilmington Business Journal, “SECU’s leadership and their engineering firm, SEPI Engineering, demonstrated solid professionalism and solutions-oriented teamwork. The sellers were in a difficult spot, but they also had the financial resources to walk away from an offer which didn’t allow them to recoup enough of their investment. SECU was able to benefit significantly in development cost savings while addressing the seller’s needs.”

SECU plans to open the new full-service branch in early 2021.

Read Greater Wilmington Business Journal’s coverage on the deal.