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ECCRE News

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Recent Lease Transaction – 219 Station Road

Category : Lease Announcement

ECCRE is excited to announce the recent lease signing by Prestige Scientific for a new office space location at 219 Station Road. The New Facility will allow for the company to expand. They signed a long term lease for the office suite, which they plan to grow into.

Brokers Nicholas Silivanch and Barry Padgett Represented the tenant in the lease.


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When Grocery goes bad – Case In Point on Development Hazards

Category : Market Knowledge

When a site makes sense for a developer, it is hard to pass up. When a site has a tenant or occupier who is interested as well in the site, its almost perfect. That is the case study here on the Lidil deal on 17th street where the developer had once of the users for the property lined up. Went through the process for permitting, made the hurdles with the city and then lived up to their part of the contract. Sadly the end user didn’t live up to theirs and as a result this is what happens.

Click here for more information on what happens when development goes south.


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ECCRE Helps Axes Fly in Wilmington … Literally

Category : Lease Announcement

LEASED – 1122 S 3rd Street – The new location for Axes and Allies

ECCRE is excited to announce the following transaction brokered by Julie Stephenson.

The property formerly known as Red Barn Theater will now become Axes and Allies, a Axe throwing venue serving wine and beer. For more details check out the Greater Wilmington Business Journal Article here. 


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ECCRE Helps to Break Ground on Medical Center Drive, in Wilmington NC

Steve Arp, Brokers Nicholas Silivanch and John Hinnant

Eastern Carolinas Commercial Real Estate Participated in our clients ground breaking event for the new Holiday Inn Hotel on Medical Center Drive in Wilmington NC. The hotel will bring a new addition to a underserved area in Wilmington. The site which is 2 acres closed last year.

John represented the Sellers prior to joining ECCRE and Nick Silivanch Represented the purchaser, Steven Arp.

To read more on the transaction click here. 


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ECCRE Announces the Investment Sale of 1402 Audubon Blvd – Tenant White Koi Nail Studio

 

ECCRE is announcing the Cap Sale of 1402 Audubon Blvd a 2,000 sf suite. ECCRE represented the Seller in the transaction which closed at a 8.5 CAP. The property was recently Leased through ECCRE’s REAA program and then placed on the market as an investment sale.

The tenant looks forward to remaining in place and the purchaser is pleased with he addition of the asset.

ECCRE Team Members:  Nicholas Silivanch and Bernadette Silivanch represented the Landlord/Seller in the transaction.


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ECCRE Closes a 6.75 Cap Investment Sale with National Brand – Waffle House

 

ECCRE represented the Seller in the recent commercial real estate investment sale of a suite at 255 N Front Street. The Sale was of the suite occupied by the national brand restaurant chain Waffle House. The store recently opened after completing its renovations and was sold several weeks after opening.

Partner/Broker Nicholas Silivanch with ECCRE represented the Seller.

For the Wilmington Business Journal Article on the transaction click here 


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ECCRE Grows Again – Adds Broker John Hinnant to Company

 

John Hinnant – New Vice President at ECCRE

Eastern Carolinas Commercial Real Estate is excited to add John Hinnant to the Company.

John joins us a a Vice President and Broker. John will continue his focus on Downtown properties but is also going to be working on Office Investment Sales and Land Development / Assemblage.

John has been in the Wilmington Community for years and is a great addition to the ECCRE Team. We are excited to have him John add his knowledge and understanding of transactions to our company. We look forward to helping him grow his business for years to come.

For the Full Press Release on John Click this Link ECCRE Welcomes John Hinnant

For the Greater Wilmington Business Journal Article Click Here 

Welcome!


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ECCRE Brokers Lead the Way – Two Place in the top 15 of Regional MLS.

Eastern Carolinas Commercial Real Estate brokers Garry and Nicholas Silivanch were ranked for 2017 among the highest sales volume brokers in the Wilmington Area Commercial MLS, know as the North Carolina Commercial MLS. This region encompasses a market place of South Eastern NC to Mid Eastern North Carolina with over 300 Commercial Brokers. Congrats on a great 2017!

Nicholas Silivanch – Partner

Garry Silivanch – Partner / Managing Broker

 

 

 

 

 

 

 

Nicholas was ranked #1 and Garry was Ranked #8 in the top 15 of the Commercial Brokers in Wilmington on Deals Recorded in the North Carolina Commercial MLS.


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Recent Lease – Franchise Representation – Peno Grill

Category : Lease Announcement

ECCRE Brokers Nicholas Silivanch and David Branton represented Peno Grill in a recent lease on Western Blvd in Jacksonville. This lease coincides with other locations ECCRE represented their franchisees on in Charleston and Myrtle Beach. Peno Grill continues to expand and grow throughout the South East.

Micah Grober with Atlantic Retail Properties Represented the Landlord in the transaction.


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Recent Lease – 5710 Oleander Drive Suite 100

Category : Lease Announcement

ECCRE Broker Nicholas Silivanch Represented Lifeline Treatment Center in the leasing of their new facility Located at 5710 Oleander Drive Suite 100.

Deedy Vincent of Cornerstone Realty Group represented the Landlord in the transaction which closed after Christmas.