New Industrial Park Coming To U.S. 421
March 31, 2021
// Wilmington Biz
WILMINGTON – A new industrial park is under construction in New Hanover County.
Edgewater Ventures , in partnership with McKinley Building Corp., announced Tuesday the development of Wilmington Trade Center, a three-building Class A industrial project near the interchange of Interstate 140. Upon completion, the center will include 425,000 square feet.
Edgewater Ventures, which has offices in Wilmington and Raleigh, is a commercial real estate investment firm focused on buying and developing industrial, office, multifamily and mixed-use assets across the Carolinas.
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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."
Following two recent leases, another building in the Wilmington Trade Center, a growing industrial park along U.S. 421, is at full occupancy.
Edgewater Ventures is pleased to announce the addition of Joey Surles, to the Edgewater Industrial team as their Senior Property Accountant.
