New Firm Aims To Grow Its Stake In Wilmington's Industrial Real Estate
Jan 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.
A multifamily community with hundreds of apartments and the community’s first build-for-rent homes are coming to Wendell Falls. The development partners closed on two deals — one with Chaucer Creek Capital LLC for the multifamily portion and one with Abode Communities of Edgewater Ventures for the build-for-rent portion.
Edgewater Ventures has converted an office building into a warehouse on 23rd Street in Wilmington. The 110,134 square foot building is now fully occupied after the developer signed leases for all 57,940 square feet of available space at 1519 N. 23rd Street.