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    Author Archives: Nick

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    Category : Market Knowledge

    Have you seen the newest projects coming to Leland, NC? Click the links below for more information on the projects.

    Beer Distributor: https://www.wilmingtonbiz.com/real_estate_-_commercial/2022/10/19/construction_underway_for_beer_distributor_in_leland/23771?utm_source=MadMimi&utm_medium=email&utm_content=WilmingtonBiz_com+Real+Estate+Update&utm_campaign=20221021_m170066507_10%2F21%2F2022+WilmingtonBiz_com+Real+Estate+Update&utm_term=_0D_0A_09_09_09_09_09_09_0D_0A_09_09_09_09_09_09Construction+underway+for+beer+distributor+in+Leland

    More Housing Proposal: https://www.wilmingtonbiz.com/real_estate_-_residential/2022/10/20/thousands_of_acres_%E2%80%93_and_potentially_thousands_of_homes_%E2%80%93_on_lelands_agenda/23788?utm_source=MadMimi&utm_medium=email&utm_content=WilmingtonBiz_com+Real+Estate+Update&utm_campaign=20221021_m170066507_10%2F21%2F2022+WilmingtonBiz_com+Real+Estate+Update&utm_term=_0D_0A_09_09_09_09_09_09_0D_0A_09_09_09_09_09_09Thousands+of+acres+_E2_80_93+and+potentially+thousan

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    Wilmington NC MSA Market Update – Market News and Comparable Property Stats

    Category : Market Knowledge

    Hello and thank you for coming to watch the Market Report. We had fun creating this video and welcome your feed back. There are two buttons below. 

    1. Has a PDF with the links to the stories if you would like to read them. 

    2. A link to contact us. If you have any comments or questions or data sets you’d like to see. Please let us know and we are happy to provide you with the information. 



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    Commercial Real Estate Property Pricing Through July 2022

    Category : Market Knowledge

    As COVID forced a mass exodus from major metros, tertiary markets such as Wilmington, NC continue to thrive. See the chart below for comparison.

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    Wilmington Innovation Park Discussion

    Category : Market Knowledge

    Wilmington MSA, Innovation Parks

    Nicholas Silivanch, Broker and Partner at Eastern Carolinas Commercial Real Estate, discusses the New Hanover Counties, Innovation Parks, location and County Sewer Expansion plans to bring growth to our Region. 

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    Quarter 3 Industrial Vacancy % in Wilmington Metro

    Category : Market Knowledge

    3rd Quarter Wilmington Metro Industrial Vacancy Rates

    Nicholas Silivanch, Broker and Partner with Eastern Carolinas Commercial Real Estate discusses the current Vacancy Rates in the Wilmington Metro Area. 

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    3rd Quarter Retail Vacancy Report

    Category : Market Knowledge

    Vacancy Rates in the Wilmington NC Metro Area

    Nicholas Silivanch, Partner and Broker at ECCRE discusses the vacancy rates in the Wilmington Mia, Covering Carolina Beach, Monkey Junction, Midtown, Mayfair and Porters Neck. 

    Plus a shout out for potential new operators in the Market… PF CHANGS we want you!

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    Buyers Agency in Commercial Real Estate

    Category : Market Knowledge

    About Buyers Agency in CRE

    David Branton, BIC and Partner with ECCRE discusses Buyers Agency with a Brief Overview of what it is. 

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

    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

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    ECCRE adds Junior Broker to Brokerage Team – Welcome Parker Pelham

    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.


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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