Want us to give you a call?

Simply enter your name and number below and we'll be in touch.

    Monthly Archives: September 2021

    • September 30, 2021
    • -

    Sale of 1930 Carolina Beach Road

    Category : Closing - Sale , Property Closing

    “Real Estate Solutions delivered in Real Time”

    Eastern Carolinas Commercial Real Estate Inc is excited to announce the closing of 1930 Carolina Beach Road, also known as Summer Hill Square, a 3,800 sf retail strip center. ECCRE represented the Seller, Natson Enterprises in its disposition of the property. Carolina Commercial Investment Properties, represented the purchaser SEEK Land Holdings.

    The ECCRE Team used its investment sale methodology know as REAA’s to take the center which had month to month rentals at under market pricing to securing two new leases and renewed another tenant at market rate and then went under contract before leasing out the last unit, as the new owners plan to use that space for themselves.

    The Center is located near Downtown Wilmington, NC at the corner of Tennessee Ave and Carolina Beach Road, across from Greenfield Lake Amphitheater. This area of Wilmington has seen significant redevelopment, adaptive reuse and growth over the last several years and will continue to see growth and expansion in the future.

    For more information please contact ECCRE and the Sales team for the property, Kelly Silivanch or Nicholas Silivanch at (910) 399 4602.

    • September 16, 2021
    • -

    ReZoning of 50.79 acres at 94 Green Swamp Rd

    Category : Major Announcement , Market Knowledge

    “Real Estate Solutions delivered in Real Time”

    Aerial view of the 50+ acres outlined

    Garry Silivanch and Parker Pelham of Eastern Carolinas Commercial Real Estate represent the Galloway Family and their three parcels of land consisting of 50.79 +/- acres.  The property is approximately 850 +/- ft from Hwy 211 and Hwy 17 intersection’s present location.  These parcels were rezoned to CLD- Commercial-Low Density to accommodate the DOT’s recent announcement on May 16th, 2019, of project U-5932; the roadway improvement plans for the intersection of US Hwy 17 and NC Hwy 211 (Green Swamp Road) in the year 2025.

    DOT Roadway Improvements & Current Business Locations

    The DOT plans to remove the grade level intersection and create a new intersection, removing the traffic light and adding an overpass so that Hwy 17 will now go over Hwy 211.  Once the DOT completes the interchange the Subject property will be approximately 300 +/- Ft from the on and off ramps.  The existing businesses located adjacent to the Subject property will be acquired through eminent domain.  Local, regional, and national businesses like Well Care health, Circle K, Bojangles, Hardees, and McDonalds will need to relocate.  The properties with the new zoning will now be able to relocate within proximity to their existing location.  The Subject property will have highway frontage after the completion of the DOT roadway improvements.  The parcels have access to water and sewer and now with CLD zoning these parcels will create a commercial hub for office, retail, hospitality uses, and potential multifamily residential/apartment complexes.

    For more information, please contact the Eastern Carolinas Commercial Real Estate, Garry Silivanch or Parker Pelham at (910) 399-4602.

    • September 16, 2021
    • -

    Sale of 51.37 acres on Mount Misery Road

    Category : Market Knowledge , New Listing

    “Real Estate Solutions delivered in Real Time”

    Eastern Carolinas Commercial Real Estate Inc is excited to announce the sale of six parcels totaling just over 51.37 acres in Leland, North Carolina. Eastern Carolinas Commercial Real Estate represented the sellers, Pura Vida Partners LLC in the transaction. The sellers had recently acquired the final part of the assemblage along Valerian Drive, adjacent to the Food Lion Center known as Leland Plaza. The Property which contains a large man made lake that is situated adjacent to the Leland Industrial Park, Leland Plaza and is in between the I-140 and Highway 74/76 on and off ramps. This property is and will continue to be a strategic location for Residential and Multifamily development, in a region that is rapidly growing. The
    accessibility to major roadways means this property is minutes to anywhere in the Wilmington Metro Area.

    Peter Vinyl with Peter Vinyl and Associates represented the purchasers in the transaction.

    Learn more about this sale from WilmingtonBiz Journal with the link below.

    http://www.wilmingtonbiz.com/more_than_51_acres_sell_in_leland/2021/09/21/more_than_51_acres_sell_in_leland/22336

    For more information please contact the Land team for the property, Nicholas Silivanch or David Branton at (910) 399 4602.

    • September 15, 2021
    • -

    Acquisition of 5214 Market St

    Category : Lease Announcement , Major Lease Announcement , New Listing

    “Real Estate Solutions delivered in Real Time”

    Eastern Carolinas Commercial Real Estate Inc is excited to announce the closing of 5214 Market Street, also known as Market Street Station, a 15,400 sf retail strip center. ECCRE represented the purchaser, Claude Smith Enterprises in its purchase of the property. Cape Fear Commercial Represented the Sellers, Spirikas Properties in the sale. With the purchase, Claude Smith Enterprises, also hired ECCRE to handle the leasing of Market Street Station. The property has several key vacancies we will look to address and fill in the coming weeks. For more information on leasing at Market Street Station please contact ECCRE and ask for either Parker Pelham or Kelly Silivanch the leasing Team assigned to this property.

    The property is situated in front of the Walmart Super Center on Sigmon Road, and is Shadow Anchored by the Retailer. Additional tenants at the center Include Fast Med, Hertz, Chopstix Chinese and Prosein Tile.

    For more information please contact ECCRE and the leasing team for the property, Kelly Silivanch, Parker Pelham or Nicholas Silivanch at (910) 399 4602.

    To read more about this closing, visit WilmingtonBiz Journal with the link below.

    http://www.wilmingtonbiz.com/market_street_shopping_center_under_new_ownership/2021/09/17/market_street_shopping_center_under_new_ownership/22311

    • September 15, 2021
    • -

    Full Occupancy Hit, Sigmon Commons 5225 Sigmon Rd

    Category : Major Announcement , Uncategorized

    “Real Estate Solutions delivered in Real Time”

    Eastern Carolinas Commercial Real Estate Inc is excited to announce the final lease at Sigmon Commons, bringing this center to 100% occupancy. The ECCRE Leasing Team was hired in May to lease the center and was successful within three months of listing the property to lease the 4,000 sf space. A local entrepreneur leased the space to add another location for his Tobacco business. Bander Alzoqari the new tenant is excited about the opportunity to grow and expand his presence in the Wilmington Market.

    For more information please contact ECCRE and the leasing team for the property, Kelly Silivanch, or Nicholas Silivanch at (910) 399 4602.

    • September 15, 2021
    • -

    Lease up of 1930 Carolina Beach Road

    Category : Lease Announcement

    “Real Estate Solutions delivered in Real Time”

    Eastern Carolinas Commercial Real Estate Inc is excited to announce two recent leases signed at 1930 Carolina Beach Road, also known as Summerhill Square.

    The two new Tenants are 3rd Street Brazilian Ju Jitsu owned by Tom Watkins, and Big Dawg Productions a screen business owned by Jermaine Morris

    The two recent leases also join Scotts Retail in their leasing renewal at the property earlier this year giving the center Long Term tenants in a growing part of town.

     

    For more information  visit the link below and please contact the leasing team for the property, Nicholas Silivanch or Kelly Silivanch at (910) 399 4602.

    https://www.nccommercialmls.com/listing/30649150

    Recent Posts

    Archives

    Categories

    Copyright © 2023 Eastern Carolinas Commercial Real Estate. All Rights Reserved
    Digital Marketing By Impact Media Solutions