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    Category Archives: New Listing

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    Sale of 51.37 acres on Mount Misery Road

    “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.


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    Acquisition of 5214 Market St

    “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


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    804 S Kerr Ave – Closed

    Category : New Listing

    800 S Kerr Ave – Closed!

    ECCRE is excited to announce the closing of 804 S Kerr Ave. This tract of land was purchased by Wilmington Brew Co, the adjacent owner of 824 S Kerr Ave. The property transfer was completed in July for $350,000.00 for the 2.9 acres.

    David Branton Represented the Sellers in the transaction!

    David Branton – Broker with ECCRE

     


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    13.1 Acres Sold in New Bern – NC

    Category : New Listing

    4112 MLK Blvd – New Bern NC

    Eastern Carolinas Commercial Real Estate is excited to announce the closing on 13.10 acres of commercial land and a 10,000 sf building in New Bern North Carolina. The tract of land is located on the left hand side of the road as you drive into New Bern on Hwy 17. ECCRE represented the Seller of the property. The new owner plans to build a Uhaul storage facility and moving truck rental on the property.

    ECCRE was able to negotiate a $2,000,000.00 closing on the 13.10 acres.

    Brokers Nicholas Silivanch and Garry Silivanch with ECCRE represented the Seller in the transaction.


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    Recent Closing – 3015 Boundary Street Suite 10/11

    Category : New Listing

    3015 Boundary Street – Suite 10/11 SOLD!!!!!

     

    ECCRE is excited to announce the recent sale of the 2,000 sf of Industrial Flex Space in the North Kerr Industrial Park. The Owner Nix Investments was represented by ECCRE in the Sale to Ron Worthington a private owner. The sale closed in May.

    Brokers Nicholas Silivanch and Garry Silivanch Represented the Seller in the transaction.


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    ECCRE Helps to Break Ground on Medical Center Drive, in Wilmington NC

    Category : New Listing

    Steve Arp, Brokers Nicholas Silivanch and John Hinnant

    Eastern Carolinas Commercial Real Estate Participated in our clients ground breaking event for the new Holiday Inn Hotel on Medical Center Drive in Wilmington NC. The hotel will bring a new addition to a underserved area in Wilmington. The site which is 2 acres closed last year.

    John represented the Sellers prior to joining ECCRE and Nick Silivanch Represented the purchaser, Steven Arp.

    To read more on the transaction click here. 


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    Property Closing: 1.13 Acres of land in North Chase Industrial Park

    Category : New Listing

    1.13 Acres of vacant land located at 4545 and 4549 Technology Drive, Wilmington NC

    ECCRE is excited to announce the sale of 4549 and 4545 Technology Drive. Brokers Nicholas Silivanch and Garry Silivanch represented the seller in the transaction.

    The 1.13 acres of land is located in the North Chase Industrial Park and will become home to several new flex buildings. The purchaser plans on developing the property to have three to four buildings to accommodate industrial and office users.

    Nicholas Silivanch

    Garry Silivanch

     

     

     


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    Investment Sale Announcement: $2.25 Million Retail Center

    Category : New Listing

    1206 N Lake Park Blvd, Carolina Beach – Cross Bridge Village

     

    ECCRE brokers Julie Stephenson and Garry Silivanch represented the purchasers in the acquisition of Cross Bridge Village Shopping Center in Carolina Beach.

    The property is anchored by Michaels Seafood and is located at 1206 N Lake Park Blvd. The Center is 12,600 sf and is a mainstay for tourists and locals with a great tenant mix.

    Check out the story which was in the Greater Wilmington Business Journal Here! 

    Congrats Julie and Garry!.

     

    Julie Stephenson

    Garry Silivanch


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    Investment Sale Closing – Mercantile Drive

    Category : New Listing

    Garry Silivanch, one of the firms partners, successfully closed on a 18,000 sf facility in Leland Industrial park last week. The 18,000 sf facility located at 2216 Mercantile Drive was recently leased by Garry who represented the ECCRE’s Client the Landlord.

    Garry then after speaking with the client and moving on to phase 2 of ECCRE’s business plan for the property, sold the facility. This sale comes after Garry executed on the strategy of leasing the formerly vacate 18,000 sf building to a single tenant on a long term lease. He then put that investment sale out on the market, landing a contract within 48 hours of it being on the market.

    The Sale brought a higher price for the owner than if it were to have been sold as is. This Lease up Disposition strategy is one of ECCRE’s core business pillars and one of our strengths.

     

    Garry Silivanch

    Great Job Garry!


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    Sale: 10 Doctors Circle, Suite 1&2 – Supply, NC

    Category : New Listing

    Eastern Carolinas Commercial Real Estate (ECCRE) Julie Stephenson & Bernadette Silivanch represented Wells Fargo Bank, National Association out of Texas in the Sale of the 6,050 SF office condo located at 10 Doctors Circle Suite 1&2 in Brunswick Medical Park. The Buyer, IRAP Investments, LLC is a Virginia Limited Liability company that purchased the medical office condo for $302,500.00 on March 2, 2017 as an investment. IRAP Investments LLC has the property listed with ECCRE to lease for $15.00 PSF NNN. From recent news, the U.S. Census Bureau stated that Brunswick County was ranked 2nd fastest growing in the U.S. With the high demand for medical facilities and expansions that’s happening around the Wilmington Area it won’t be unknown if this property gets leased by a medical user.