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Author Archives: Nick

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Closed : Office Sale : Midtown Wilmington – 402 Carl Street

402 Carl Street – Sold – Office Condos

Eastern Carolinas Commercial Real Estate is excited to announce the closing of a office condo at 402 Carl Street. The three combined units were formally used by Tropical Tans. Purchased in 2019 by James Mastronardi owner of Ultra Tan, James wanted to rebrand the location and was in the process of doing so when COVID 19 hit and he instead shuttered the location and put it on the market with ECCRE.

ECCRE brokers David Branton and Nicholas Silivanch represented the Seller in the transaction and the new buyers were represented by Coldwell Banker Commercial Sun Coast Partners.

For the press release on the sale click the link below.

Press Release Form – 402 Carl Street


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Closed : 311 Railroad Street – Wallace, North Carolina.

 

311 Raleigh Street – 63,000 sf Cold Storage Warehouse Sold

Eastern Carolinas Commercial Real Estate is excited to announce the recent closing on 311 Railroad Street in Wallace NC. This 63,100 sf facility was leased by eGourmet who is now the owner. This is the third location this distribution company owns nationally.

ECCRE Brokers, John Hinnant and Garry Silivanch were involved in the sale with John representing the Purchaser and Garry representing the seller. John had this to say about the transaction:

“This property type is red hot in southeastern North Carolina with the state port’s cold storage facility reaching near capacity. We had a lot of interest from regional economic developers and end-users from around the country, especially because it is within 100 miles of the state port. During the global pandemic caused by Covid-19, eGourmet experienced tremendous growth in business and the available work-force in Duplin County made this an easy decision” – John Hinnant

For the Press Release click the link below.

Wallace – 311 Railraod Street – Press Release

 

Eastern Carolinas Commercial Real Estate is always ready to help our clients and potential clients locate, invest or lease space throughout our region. If your looking to Commercial Real Estate advice or to hire a broker call us at (910) 399 4602 for a free consultation on your commercial real estate needs.

 

 


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Giggles Drop in Child Care Expands – New Franchisee Location – Huntersville

Category : Lease Announcement

ECCRE is excited to announce the recent lease transaction for a local concept growing regionally. Giggles Drop in Childcare’s franchisee Michael Vincent recently leased a space in Huntersville, NC at Torrence Village. The Space is a reduction in a Mattress Firm unit and with its prime location this childcare provider is primed to provide the top end of childcare possible.

Giggles continues to expand its footprint growing from 1 store to now 7 locations in the Carolinas.

For more information on this recent lease, please click the link for the press release.

Press Release – Giggles Expansion Continues


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Hotel Closed – Redevelopment to Begin

 

Closed – 2828 Market Street – Investment / Redevelopment Sale in Wilmington NC

Eastern Carolinas Commercial Real Estate is excited to announce the recent closing of 2828 Market Street. The former Amerivu hotel sale closed in December. For more information please click the link to the attached Press Release.

ECCRE Brokers John Hinnant and Nicholas Silivanch represented the Sellers in the multi-million dollar closing.

The story was a feature article in the Wilmington Business Journal, click the link here to see the story.

2828 Market Street – Press Release


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Wilmington is hottest spot in nation for Relocations !!!!

Category : Market Knowledge

As any Wilmington Native can tell you, we have one of the best places to live in the county. Great year round climate, tons of activities and plenty of access to beaches, waterways and parks.

Now the nation appears to have figured that out.

This link will take you to a story on www.WECT.com which discusses the growth our region experienced in 2020.

Wilmington #1 for relocations

ECCRE is proud to represent residential acreage for new subdivisions, if you are looking to build a community give us a call.


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Multifamily Land Development Acquisition : 17 Social

Social 17 – New Multifamily project on S 17th Street in Wilmington NC.

Eastern Carolinas Commercial Real Estate is excited to announce that their client DPJ Residential has purchased 7.8 +/- acres on South 17th Street for a new multifamily development called Social 17. For more information and to view the site plan please click the links below.

Brokers represented DPJ Residential are Partner Nicholas Silivanch and Broker David Branton. If you have a tract of land you would like for our client to consider please reach out to us at (910) 399 4602.

Partner and Broker – Nicholas Silivanch

Broker, David Branton

 

 

 

 

 

 

Wilmington Business Journal Article is located here. 

17th Street Mixed-Use Rendered Site Plan_01.29.20

ECCRE – Press Release – 17 Social


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New Listing Alert! 1802 S 17th Street – 12000 +/- sf of medical office space For sale or Lease

Category : Uncategorized

 

1802 S 17th Street – Wilmington NC

ECCRE is excited to announce the listing of 1802 S 17th Street, a former Wilmington Health Medical office in Wilmington NC. This property is located in the medical district of Wilmington.

Potential New Redesign of the Space

This former Wilmington Health OB/GYN office building. This property has easy access from 17th street and 16th street. From the Portico to reception to the numerous offices and medical check up rooms this building is a prime option to consider for a new or relocating Drs office / General office space.

Close to New Hanover Regional Medical Center, The Social Services and Housing Authority as well as many options for food / dining that are available by foot or car.
Features :

1 Reception / Check out Area
2 Waiting Rooms one in the front by reception and one in the middle by nurses station
X offices
X exam Rooms
2 Administrative/Bull Pen areas
1 Break room / Kitchen
1 Training Room
1 File Storage area (attic)

This property sits on 2.16 acres and is located near the new Social Services Building.

ECCRE Vice President John Hinnant and Partner/Broker Nicholas Silivanch represent the seller, give either of them a call at (910) 399 4602 for more information or to schedule a tour!.


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3729 Carolina Beach – SOLD

Carolina Beach Road Site overview

Carolina Beach Road Site Over view Map.

ECCRE is excited to announce the recent sale of 3729 Carolina Beach Road. The property located at the intersection of Carolina Beach Road and Independence Blvd closed at $800,000.00

This 2 acre parcel comes with Stormwater Detention and all utilities in place making it a ready to go site.

The new owners are based out of New York and ECCRE will continue to work with the owners to bring Build to Suite and or Ground Lease opportunities to the property.

Brokers David Branton and Nicholas Silivanch represented the sellers int the transaction which closed on 7/18/2019

Partner and Broker – Nicholas Silivanch

Broker, David Branton


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Record Setting Lease – 348 S College Road

Category : Lease Announcement

ECCRE is excited to announce the successful leasing of 348 S College Road, Unit A. It was formerly Payless shoes. The New Tenant Goodnight Sleep Store is set to open in August / September.

With the tremendous traffic on S College Road, an estimated 75,124 Traffic Counts this 2530 sf unit is located with prime visibility on one of the areas most major roads. ECCRE represented the Landlord in the transaction and was able to secure one of the areas best base rental rates for the client. In exchange the tenant is able to secure one of the areas best and most visible units on S College Road.

As an out parcel to University Centre (Another ECCRE brokered property) The Hawk Center is situated in and amongst some of the most major retail chains. With Bed, Bath and Beyond, Old Navy, Ross, Lowes Home Improvement, Sams Club, Petco, Staples, etc this unit was in a prime place and commanded a prime rent.

Nicholas Silivanch with ECCRE represented the Landlord in the transaction and Baker Bell with Bell Commercial out of Raleigh Represented the Tenant.

Partner and Broker – Nicholas Silivanch


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Wilmington Market Overview Report End of June

Category : Market Knowledge

Click here for the end of June Market report on the Wilmington MSA

Wilmington June Report MSA Summary