Nick – Eastern Carolinas Commercial Real Estate

July 23, 2021
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Budgetel and Motel 6 to be Reimagined – Addresses Workforce Housing Shortage in Wilmington NC.

Category : Major Announcement , Market Knowledge

4903 Market Street – Budgetel

4903 Market Street, Wilmington, NC – Redevelopment of existing Hotels into Apartment Rentals to address Wilmingtons WorkForce Housing Need.

ECCRE’s Hospitality Team is excited to announce the recent contract exectuion and subsequent rezoning submittal for the Budgetel and Motel 6 in Wilmington NC.

The Purchaser is looking to convert the 7.8 acre site with 230 rooms spanning three buildings into workforce efficiency units. There will be minimal environmental impact as we they are not altering the impervious areas in any way or adding to them!

Overview of 4903 Market Street, Wilmington NC.

This rezoning will create efficiency apartments that are targeted to Wilmington’s workforce, and located in a part of Wilmington that is central to Downtown, Area beaches and employment nodes (The Hospital, Universities, Dutch Square Industrial Park, The Movie Studios, 23rd Streets Businesses, Downtown Restaurants and Offices, the Corning Plant and The Mayfaire area retail shops). The property’s rezoning would allow for a return to the original 230 configuration and for the existing structures to be converted into efficiency units. The locations convent access to city transportation, and access to major roads will offer additional options for Wilmington’s workforce, who are looking for an affordable option close to services.

Check out the story on the Wilmington Business Journal here.

ECCRE – Budgetel and Motel 6 Press Release

April 26, 2021
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ECCRE adds Junior Broker to Brokerage Team – Welcome Parker Pelham

Category : Broker Profile , Company Announcement

ECCRE is excited to Welcome Parker Pelham to the Brokerage Team as a Junior Broker. Parker is working with Garry, David, John and Nick to learn the various Commercial Real Estate Vertical Markets and choose an area to work within.

Parker is originally from Richmond, VA but spent his summers in Delaware where he was an EMT with South Bethany Beach Patrol. Parker moved to the Wilmington area in 2016 to attend University of North Carolina, Wilmington. He graduated from UNCW in May 2020 with a Bachelor’s Degree in Finance. He decided to pursue a career in the Commercial Real Estate Industry as his family has moved to Wilmington, NC over the recent years.

In his first several months with ECCRE Parker has closed several lease transactions.

January 5, 2021
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Closed : Office Sale : Midtown Wilmington – 402 Carl Street

Category : Closing - Sale , Property Closing

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

January 5, 2021
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Closed : 311 Railroad Street – Wallace, North Carolina.

Category : Closing - Investment Sale , Closing - Sale , Market Knowledge , Property Closing

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.

January 5, 2021
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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

January 5, 2021
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Hotel Closed – Redevelopment to Begin

Category : Closing - Investment Sale , Closing - Sale , Property Closing

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

January 5, 2021
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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.

March 5, 2020
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Multifamily Land Development Acquisition : 17 Social

Category : Closing - Sale , Market Knowledge , Property Closing

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

February 6, 2020
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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!.

July 23, 2019
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3729 Carolina Beach – SOLD

Category : Closing - Investment Sale , Closing - Sale

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