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    Category Archives: Uncategorized

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    Rezoning of the Budgetel and Motel 6

    “Real Estate Solutions delivered in Real Time”

    Eastern Carolinas Commercial Real Estate Inc is excited to announce that the Property located at 4903 Market Street, where currently the Budgetel and Motel 6 are located was approved to transition from hospitality zoning to Multifamily High Density. This will turn the two flagged property into 234 efficiency unit rentals in the middle of market street. The developer also agreed to lock 10% or 23 rooms in as designated affordable housing.

    From John Hinnant, Vice President “On behalf of our clients, the Badhiwalas, we are very excited to cross this important threshold in the sale of their property. Conversions of hotels like this are very popular around the country and we believe this, along with other deals we have and are brokering will help to improve and beautify the Market Street corridor. Since the improvements to the intersection at Market and Kerr, the properGes along that corridor have become more appealing to investors and developers. With the amount of land available for development in New Hanover County dwindling, it is only reasonable to believe that repurposing existing properties will be a key part of the future of our community.”

    From Nicholas Silivanch, Partner “This rezoning and adaptive reuse of what the city deemed to be a blighted area in our community will help change the Market Street Corridor in the short term and in the long term. The property will bring new rental units for the students who are graduating, the single upwardly mobile young professionals, those who are relocating and the need for affordable rentals together. By adaptively revising the existing structures the project will actually add tress and not further complicate existing stormwater issues. The adaptive reuse of the facility, will allow the Vivo to bring a much needed product to our market. The success of the Vivo concept around the naGon and in other marketing in North Carolina, in providing affordable rental units with class A ameniGes has been tremendous. The only issue that we face now in the City is that they did away with the zoning classification we just received, of high density which allows for the property to be re-used as it sits today.

    With smaller parcels and pricing adaptive reuse of properGes like these will become more and more the norm, not the pariah in the the years to come.”

    For more information please contact the Hospitality team for the property, Nicholas Silivanch or John Hinnant at (910) 399 4602.

    Click here for more information!


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    Full Occupancy Hit, Sigmon Commons 5225 Sigmon Rd

    “Real Estate Solutions delivered in Real Time”

    Eastern Carolinas Commercial Real Estate Inc is excited to announce the final lease at Sigmon Commons, bringing this center to 100% occupancy. The ECCRE Leasing Team was hired in May to lease the center and was successful within three months of listing the property to lease the 4,000 sf space. A local entrepreneur leased the space to add another location for his Tobacco business. Bander Alzoqari the new tenant is excited about the opportunity to grow and expand his presence in the Wilmington Market.

    For more information please contact ECCRE and the leasing team for the property, Kelly Silivanch, or Nicholas Silivanch at (910) 399 4602.


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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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    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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    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


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    .24 AC+/- Lot With 1,256 SF+/- Office Space Sold

    Category : Uncategorized

     

     

     

     

     

     

    ECCRE is excited to announce the closing of 2801 Market Street. This office space is located along one of the busiest corridors in Wilmington. This transaction occurred exceptionally fast with a limited due diligence period that the sellers were happy to entertain.

    ECCRE Broker David Branton represented the seller in this transaction with Adam Nicholas of Keller Williams Realty representing the buyer.

    Broker, David Branton