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Monthly Archives: November 2017

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Leased: Sherwin Williams to take 3,500 sf at new Dollar General Anchored Property

Category : Lease Announcement

ECCRE is excited to announce that it represented the developers in the leasing of 3,500 sf at 1126 N Lake Park Blvd to Sherwin Williams for a Build to Suite Long term lease. Brokers Nicholas Silivanch and Garry Silivanch represented the developers Par 5 Development in the lease, after having sold them the property earlier in the year to develop a location for Dollar General.

Dollar General is now open and the location and Sherwin Williams will be opening in the not to distant Future.

Congrats to Nick and Garry on a successful BTS lease.

 

Garry Silivanch

Nicholas Silivanch


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Property Closing: 1.13 Acres of land in North Chase Industrial Park

Category : Property Closing

1.13 Acres of vacant land located at 4545 and 4549 Technology Drive, Wilmington NC

ECCRE is excited to announce the sale of 4549 and 4545 Technology Drive. Brokers Nicholas Silivanch and Garry Silivanch represented the seller in the transaction.

The 1.13 acres of land is located in the North Chase Industrial Park and will become home to several new flex buildings. The purchaser plans on developing the property to have three to four buildings to accommodate industrial and office users.

Nicholas Silivanch

Garry Silivanch

 

 

 


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Investment Sale Announcement: $2.25 Million Retail Center

1206 N Lake Park Blvd, Carolina Beach – Cross Bridge Village

 

ECCRE brokers Julie Stephenson and Garry Silivanch represented the purchasers in the acquisition of Cross Bridge Village Shopping Center in Carolina Beach.

The property is anchored by Michaels Seafood and is located at 1206 N Lake Park Blvd. The Center is 12,600 sf and is a mainstay for tourists and locals with a great tenant mix.

Check out the story which was in the Greater Wilmington Business Journal Here! 

Congrats Julie and Garry!.

 

Julie Stephenson

Garry Silivanch


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Leased: 423 N College Road

Category : Lease Announcement

432 N College Road, Wilmington NC

ECCRE is excited to Announce that the property and building at 432 N College Road was leased to Industrial Supply Co. The Building is currently being renovated by the tenant and they look forward to opening in the spring!.

Congrats to Nick and Dave on the lease! Good Work.

Nicholas Silivanch

David Branton

 


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Leased: 312 S College Road – Wilmington NC – 1,200 sf

Category : Lease Announcement

Regional Power Center – For Lease – Wilmington NC

ECCRE is excited to announce the lease of 312 S College road, Unit 52. This 1,200 sf suite at University Centre was leased to Coastal Tux and is located next to Beautiful Brides of Wilmington. This makes the property perfect for those couples looking for a one stop wedding day shop.

Good Work Nick and Julie!.

Julie Stephenson

Nicholas Silivanch

 


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Investment Sale Closing – Mercantile Drive

Garry Silivanch, one of the firms partners, successfully closed on a 18,000 sf facility in Leland Industrial park last week. The 18,000 sf facility located at 2216 Mercantile Drive was recently leased by Garry who represented the ECCRE’s Client the Landlord.

Garry then after speaking with the client and moving on to phase 2 of ECCRE’s business plan for the property, sold the facility. This sale comes after Garry executed on the strategy of leasing the formerly vacate 18,000 sf building to a single tenant on a long term lease. He then put that investment sale out on the market, landing a contract within 48 hours of it being on the market.

The Sale brought a higher price for the owner than if it were to have been sold as is. This Lease up Disposition strategy is one of ECCRE’s core business pillars and one of our strengths.

 

Garry Silivanch

Great Job Garry!