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Author Archives: Nick

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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

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Wilmington Office Report 2019 End of Q2

Category : Uncategorized

Please click here for the end of Quarter 2019 Office Market Report


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Wilmington Retail Report 2019 End of Q2

Category : Uncategorized

Academy Sports in Wilmington 

Please click here for the Retail Report for End of Quarter 2019

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Wilmington Industrial Report 2019 Q2

Category : Uncategorized

Please click here to download the Wilmington Industrial Market Update.

Industrial Market Report

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ECCRE – Sells Medical Office Building at 6.1 CAP

1725 New Hanover Medical Center Drive

Sold – $5,314,590.00

Seller: WILCAR Properties 

Purchaser: Confidential

New Real Estate Product Nets one of the best Cap Rate’s in Southeast North Carolina

ECCRE is proud to announce the successful sale and closing of 1725 New Hanover Medical Center Drive, a NHRMC leased building for $5,316,000. 

The sale was the product of ECCRE’s signature real estate service named REAS – Real Estate Analysis Strategy. Initially developed nearly 10 years, the firm has recently begun focusing on identifying real estate assets and owners who could benefit from having a real estate professional included in their financial planning. The process begins with ECCRE completing an analysis of an owner’s real estate assets in relationship to market conditions (market lease rates, competing properties, interest rates, unemployment and the stock market). To date, the partners and brokers of ECCRE are working with close to 20 clients on this unique real estate investment and retirement strategy.

The property at 1725 New Hanover Medical Park Dr is leased by NHRMC. Given the favorable economic conditions, the property, and owners were identified and approached by John Hinnant, Vice President of ECCRE and Nick Silivanch, a Partner with ECCRE. After review of the interest rate trends and predominate Cap Rates, the owners agreed to work with ECCRE on the disposition of the 17,000 +/- medical office building. At well over $300 per square foot, the sale generated nearly 100% more than the prevailing dollar per square foot rate that typical office buildings sell for in the market and a Cap Rate of 6.1% (one of the best recent cap rates for the Wilmington Commercial Real Estate Market).

For more information on REAS, or a free, no obligation analysis of your real estate holdings, contact ECCRE today.

For the PDF of the Press Release Click Here NHRMC Closing Press Release

Vice President/Broker, John Hinnant

Partner and Broker – Nicholas Silivanch




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14-1 Doctors Circle Medical Space LEASED!

Category : Uncategorized

Eastern Carolinas Commercial Real Estate is excited to announce the leasing of 14-1 Doctors Circle at the Brunswick Medical Mile in Leland! This medical units was recently leased to a health care provider.

Brokers Garry Silivanch and Bernadette Silivanch represented the Landlord in the transaction.

Partner, Garry Silivanch

Broker, Bernadette Silivanch