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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Edgewater Ventures paid $25 million for 601 Keystone Park Drive in Morrisville, according to Durham County deed records. The acquisition was a joint venture with Optimum Asset Management, which has offices in Boston and Europe.
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.
