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Monthly Archives: March 2015

  • 123

Wilmington Retail Market: Recent Leasing Activity in Southern New Hanover County

Category : Uncategorized

Two New Tenants are coming to the Beau Rivage Marketplace, and we some space remaining. Burbon Street, restaurant will be coming to join us as well as Finders Keepers a children’s consignment store. The great news is that our occupancy level is now where it is supposed to be in the 93% area which means we don’t have much space. While the tenants are excited about joining this center. The Landlord is equally pleased with having them as tenants.

For the Article in the Greater Wilmington Business Journal about the new tenants click here. 

  • 135

Wilmington and Supply North Carolina, Two Recent Closings in the Bank Owned Real Estate Market Totaling 9k sf

Category : Uncategorized

Garry Silivanch, Partner and Broker at Eastern Carolinas Commercial Real Estate closed on the 3rd floor of 414 Chestnut Street and Represented Wells Fargo Bank in the sale to Brush Dental Care. Garry also represented Wells Fargo in the sale of another unit in Supply North Carolina, while Hansen Matthews with Maus Warwick and Matthews Represented the Purchaser.

For the Greater Wilmington Business Journal Article Click Here. 

  • 1

Leland North Carolina – Market Update

Category : Uncategorized

It looks like things are continuously moving forward in Leland with Growth at Brunswick Forests Commercial Component.

Click Here for the Article Discussing whats going on in Brunswick Forest. 

  • 113

Wilmington, North Carolina Commercial Real Estate Market Update – Retail

Category : Uncategorized

Nicholas Silivanch, Partner and EVP of Retail for Eastern Carolinas Commercial Real Estate, was quoted in the Greater Wilmington Business Journal along side Mr. Hyman Brody the developer of the Mayfair Towne Center, and Ms. Meyer the Chair of the Marketing Department for the University of North Carolina Wilmington.

For the Full Article click here. 

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Eastern Carolinas Commercial Hired to Represent Jacksonville NC Retail Center

Category : Uncategorized

Eastern Carolinas Commercial Real Estate has been hired to represent the Walgreens Plaza in Jacksonville NC. The property marketing materials will be up on our website shortly. We look forward to this excellent property hitting the marketplace soon.


Stay Tuned.

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Advanced Maintenance – The Holman Family – Another Successful Wilmington Business

Category : Uncategorized

This is a great and inspiring story about a Veteran and his company. The Holman’s saw a need, figured out how to service it and have created a growing franchise worth according to the weblink a estimated $10m. Way to go Mr. and Ms. Holmans, Eastern Carolinas Commercial Salutes your hard work and your companies growth. Keep it up!

For the story in the Greater Wilmington Business Journal Click the below link.


  • 26

Eastern Carolinas Economic Indicators

Category : Uncategorized

The Economy in our region is truly on the mends. The mop up from the Great Recession is almost complete! With the final bank owned properties going under contract and the reserves that the banks have are dwindling, we are seeing prices start to adjust and find normalcy.

Financing remains a tough hurdle and private equity is still the major player in financing, however under the right conditions many businesses may be able to get a loan. <- Sarcasm intended, we have sent several clients for financing at local and regional lenders having them go down the road to be rejected on the financing of a second location or a investment property.

The Commercial Real Estate Leasing Market is tightening in the Wilmington NC MSA, and regionally it seems to be true in Fayetteville, Greenville and New Bern. Jacksonville NC is in buildout mode with new properties coming on the line and available land going under contract. Wilmington and Brunswick County are seeing a major increase in interest level from anchors with additional/small shop space being deemed as too pricey $$$$ from local tenants. The interest level is there and tenants are beginning to accept that if they want to relocate from small shop unanchored strip centers the way to do it is to relocate to the newer properties.

Last October UNCW held the Wilmington MSA Economic Forecast. A lot of good information from a National and Local Perspectives where had. The presentation can be reviewed hereNational and Regional Outlook Fall 2014 . And while not overly positive the signs are there that South Eastern North Carolina is about to go into a Development mode again, its not a matter of if, but when.

Nationally the National Association of Realtors released the February 2015 Commercial Market Place update and it is basically stating that Nationally we have recovered and we are in growth mode where some markets folks are litterally downsizing some current tenants to make room for new start up companies or expansions of other’s.

The NAR Report can be reviewed here.2014-q4-commercial-real-estate-market-survey-2015-02-27

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Hand on the Pulse: Regional Economic Development Leaders Talk to Commercial Brokers

Category : Uncategorized

The RCASENC (Regional Commercial Alliance of South Eastern North Carolina) or the Commercial Brokerage Association for the Wilmington, Pender, Brunswick and other areas had its 1st annual meeting of the year. The speakers there were the Regional Economic Development Leaders/Area Recruiters.

For more on the subject matter and content click the link below.

Commercial Realtors hear from Economic Developers.

  • 28

Water Street Parking Deck – Developer Selected for Redevelopment Initiative

Category : Uncategorized

Looks like the winner was East – West Development based out of Chapel Hill for the redevelopment of the Water Street Parking Deck here in Wilmington NC. This site has been one of contention on what to do with it. Their design image looks great, and we look forward to seeing the finished product.

For more on the store click the link below.

Chapel Hill Developers Selected for Water Street Deck