Investors Pay $9.2M For Wilmington Industrial Property
April 16, 2020
// Wilmington Business Journal
A commercial real estate investment firm with properties throughout the Carolinas recently completed its fourth Wilmington-area industrial acquisition.
Edgewater Ventures
bought the 240,000-square-foot distribution facility at 421 Landmark Drive near the Port of Wilmington for $9.2 million, according to the deed dated April 3.
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The first phase of Wilmington Trade Center, a master planned industrial park on U.S. 421, recently wrapped up, while work on the next phase is now underway.
A Longs-area industrial park that currently serves Amazon and Pepsi distributors plans to expand with a 60-acre acquisition, offering more space for industries to step into Horry County.
Cushman & Wakefield has brokered the $17.5 million sale of a two-property industrial portfolio in Laurel Hill. Situated at 18300 and 18400 Fieldcrest Road, the property is within 100 miles of the Port of Wilmington and is fully leased to High Life LLC, an apparel manufacturer based in New York City.
