Wilmington Trade Center Secures Two New Leases
// WILMINGTON business journal
Following two recent leases, another building in the Wilmington Trade Center, a growing industrial park along U.S. 421, is at full occupancy.
Trane U.S. Inc., a division of Trane Technologies, signed a new lease for 33,710 square feet in the industrial park’s Building 2, while Global Laser Enrichment (GLE) expanded its existing lease by 11,235 square feet, bringing its total occupancy to 67,250 square feet. Wilmington Trade Center developer Edgewater Ventures announced the recent leases in a news release on Tuesday.
The industrial park’s second building at 4110 U.S. 421 has 157,515 square feet and features tilt-up concrete construction with extensive glass lines, a 32-foot clear height, an Early Suppression Fast Response (ESFR) sprinkler system and a 180-foot-deep truck court, according to the release.
New Hanover County leaders approved $3.3 million in incentives earlier this year to help fund the expansion of the master-planned industrial park. Once complete, the park will have 13 buildings, ranging from 84,000 to 1 million square feet and encompassing a combined area of more than 3.2 million square feet. The proposed structures will be shell buildings that can be leased or sold to business users.
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