New Firm Aims To Grow Its Stake In Wilmington's Industrial Real Estate
January 23, 2020
// WILMINGTON BUSINESS JOURNAL
WILMINGTON- A new commercial real estate investment firm has three Wilmington industrial properties in its portfolio and a possible industrial development on its way this year.
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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.
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.
