Monthly Archives: May 2016

January thru end of May 2016 Transaction Tracker

Commercial Market Update

Eastern Carolinas Commercial Real Estate is excited to show the transaction leaderboards for 2016 through the end of May for two reasons, since we made the switch to the new North Carolina Commercial MLS system, the over experience has been amazing for the ease of use and ease in locating data and trends.

The first reason is the ability to see the amount of in sales and leasing trends.

The other reason is a bit vain, but ECCRE’s brokers rank in the top 10 consistently and our hard work is showing off with results.

Check out the market trends below. 

For any questions on the Leaderboards and what they mean for the market, feel free to call us at

(910) 399 4602

End of May 2016 – Commercial Real Estate Market Update

Market Update – Wilmington MSA

Eastern Carolinas Commercial is excited to show this end of May Market Update news from the North Carolina Commercial MLS.  These PDFs show by trade area, the category of property type (i.e. Office, Industrial, Retail) and shows the amount of listings, asking rates for sale or lease and days on Market. The report concludes with the total amount of space on the market currently.

Our inventory has grown shorter as our market heats up. This will start to create a raise in price based on the laws of supply and demand.

We are excited to share these follow end of May reports for

Brunswick County – End of May Report – 2016

New Hanover End of May Report 2016

Pender County – End of May Report – 2016

Wilmington – End of May report – 2016

If you have any questions on the reports or would like to go over them, feel free to reach out to us.

(910) 399 4602.

Masonboro Commons Shopping Center – Unit 3 Leased

Unit 3 Leased – 1200 sf to become a Martial Arts Academy!

Eastern Carolinas Commercial Real Estate is excited to announce this Retail Grocery anchored center Lease! Unit 3 at Masonboro Commons, a Food Lion anchored center located at 6400 Carolina Beach Road has now been leased to Coastal Martial Arts Academy. We are excited to have this great tenant occupy at the property and look forward to their opening soon!.

Are you looking for Retail Space? If so give us a call we would be excited to help you facilitate finding the ideal retail location for you (910) 399 4602

1316 South Fifth Street, Wilmington NC SOLD!

1316 South Fifth Ave, Wilmington NC

Commercial Real Estate Sold

Eastern Carolinas Commercial Real Estate is excited to announce the sale of 1316 South Fifth Avenue. This 7300 Sf facility was purchased by a owner operator who is going to use the building for the foreseeable future. Congrats to both Parties!.

If your interested in purchasing or selling an industrial property reach out to us at (910) 399 4602 and we look forward to speaking with you soon.

Garry Silivanch Sells Apartment Community in Wilmington NC

Garry Silivanch, partner with Eastern Carolinas Commercial Real Estate recently closed a transaction for with his client in the sale of a multifamily investment in Wilmington NC.

10 townhouse were packaged together in Madeline Place located at 4804S College Road. The Cap Rate investment sale was right at the targeted amount to bring the seller his desired Yield.

Snows Cut Crossing Hits 100%

Eastern Carolinas Commercial Real Estate is excited to Announce that Snows Cut Crossing has hit a lease threshold of 100% occupancy. The center is currently taking back up applications for lease should space become available.

We are excited about this property closing out its last remaining space on a Long Term Lease. As a Recap ECCRE secured leases with the following three tenants to close out the center.

1. New Hanover County Library
2. Spectrum Paint
3. Lindas Wee Manor

Lindas Wee Manor the latest tenant to join the center is a design and production studio for miniature replicas and doll houses.