Edgewater Ventures Lands Wilmington, NC Industrial Asset
April 23, 2020
// Connect Atlanta
RALEIGH- Raleigh, NC-based Edgewater Ventures acquired a 240,000-square foot multi-tenant property located at 421 Landmark Dr. Wilmington, NC for $9.2 million. Prior to this acquisition, Edgewater Ventures owned three industrial buildings totaling nearly 900,000 square feet in the New Hanover and Brunswick County area.
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Tim Skender, principal at Edgewater, said the acquisition was a good opportunity in a submarket that is thriving. "We’re big believers in lifestyle office or neighborhood office," he said. "1800 Central is well-located, in a dynamic, growing (submarket) where the neighborhood is the amenity for the people who office there. There’s a lot of momentum in Plaza, broadly speaking."
