NEWSROOM

Leland Industrial Facility Signs On Two Tenants, Leasing 305K Square Feet

Mon, 23 Mar 2026 15:45:29 GMT

// WILMINGTON BUSINESS JOURNAL

Two companies recently signed leases for a total of more than 305,000 square feet in Leland’s Edgewater Commerce Center.

Ivy Technology LLC signed a lease for 200,000 square feet in the industrial facility, while Home Insights LLC plans to lease just over 105,000 square feet, according to a news release from Edgewater Commerce Center owner Edgewater Ventures, a Raleigh-based commercial real estate investment firm.

Edgewater Commerce Center is a 505,818-square-foot industrial facility located in the I-74 corridor at 2975 Andrew Jackson Highway in Leland.

Ivy Technology has a global footprint, with headquarters in Dublin, Ireland, and in Plano, Texas. The company specializes in technology repair services across various sectors, including robotics, industrial, and consumer technologies. The lease at Edgewater Commerce Center would be the company’s first presence in North Carolina, according to its website. Company officials declined to comment on the new lease.

The company will take over a space previously leased by Kesseböhmer USA, according to Chris Norvell, lead industrial partner at Edgewater Ventures. Kesseböhmer USA plans to move into roughly 83,000 square feet in International Commerce Center I, the first building in International Logistics Park, a megasite near the Brunswick-Columbus county line.

NY firm behind $45M office sale near RDU

Thu, 05 Feb 2026 18:51:19 GMT

// TRIANGLE BUSINESS JOURNAL

A real estate investment company based in Maryland is selling off more assets in the Triangle.

Federal Capital Partners has sold the Forty540 II office building on the edge of Research Triangle Park for $45.5 million to a joint ownership between DRA Advisors of New York City and Raleigh-based Edgewater Ventures. The 5-story building is just south of the 40/540 interchange.

The sale comes weeks after Federal Capital sold a group of apartments and office buildings in Midtown Raleigh to Kane Realty Corp. for more than $70 million.

Raleigh real estate firm buys $25M building at full occupancy

Thu, 16 Oct 2025 20:54:24 GMT

// TRIANGLE BUSINESS JOURNAL

A commercial real estate firm in Raleigh has made an investment in a fully-leased flex building on the edge of Research Triangle Park.

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

For Scot Humphrey, co-founder and managing principal of Edgewater, thetransaction was like coming full circle as he brokered several transactions ofthe Keystone buildings when he was a broker with HFF.

“I'm very familiar with the park and I've always loved these buildings. They'revery functional, whether it's life science or electronic lab or data center or officespace, they lend themselves to a variety of uses, and they're set up well for that.So when this came to market, we jumped all over it,” Humphrey said.

Wilmington Trade Center Breaks Ground On Next Phase

Thu, 15 May 2025 16:52:15 GMT

// WILMINGTON BUSINESS JOURNAL

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.

Officials with project developer Edgewater Ventures and local leaders marked the progress with a groundbreaking event Thursday. The park’s 100,080-square-foot Building 3 was completed in the past few weeks, and leases for the building are under negotiation, said Chris Norvell, a principal with Edgewater Ventures.

Building 3 is the final piece in the project’s first phase, which also includes Buildings 1 and 2, with just over 157,500 square feet each.

The second phase of the industrial park kicked off in March when crews began clearing and grading around 125 acres at the back of the property for future development. Eventually, the site being cleared could hold industrial park Buildings 4 through 8 and Buildings 11 through 13, according to Mike Massardo, a principal with Edgewater Ventures.

Longs industrial park plans to expand with $22M new building

Wed, 07 May 2025 20:48:13 GMT

// MY HORRY NEWS

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.

Palmetto Coast Industrial Park last week celebrated the completion of its third and largest building of 178,000 square feet and announced proposals for a 253,000-square-foot building and two 154,000-square-foot buildings on the newly purchased 60 acres.

Sandy Davis, president and CEO of Myrtle Beach Regional Economic Development, said they have been looking for a way to use the land on Water Tower Road for more than 10 years.

She said both Pepsi and Amazon would not have relocated to Horry County if the buildings had not existed and Chris Norvell, Principal of Edgewater Ventures, was the one willing to take the risk about four years ago.

“Some people would do it, but they really want a tenant before they will build the building. And Chris knew the growth that we had here and he wasn’t scared to take on a project like this, so it has really helped a lot,” Davis said.

The industrial park is located by S.C. 31, S.C. 22 and U.S. 17 on Water Tower Road, making it a viable option for industrial and distribution oriented users.

Cushman & Wakefield Brokers $17.5M Sale of Industrial Portfolio in Laurel Hill, NC

Wed, 16 Apr 2025 18:32:19 GMT

// rebusinessonline.com

LAUREL HILL, N.C. — 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. The buildings total 203,196 square feet and 356,201 square feet, respectively.

Parsons Commercial Group Inc. purchased the portfolio. Rob Cochran and Bill Harrison of Cushman & Wakefield represented the seller, a joint venture between Edgewater Ventures and Singerman Real Estate, in the transaction. Edgewater and Singerman originally acquired the properties in December 2021 for $11.5 million, a deal that Fermin Deoca and Matt Treble of Cushman & Wakefield brokered.

Law firm renews lease near Raleigh’s North Hills mixed-use district

Fri, 11 Apr 2025 02:06:39 GMT

// COSTAR

RALEIGH, N.C. — A regional law firm has signed a renewal for its longtime headquarters in Raleigh, North Carolina.Smith Debnam Narron Drake Saintsing & Myers LLP, a firm that serves the Carolinas and Virginia, agreed to a 10-year extension for its offices at 4601 Six Forks Road, where it has been a tenant since 2004.

Charlotte developer sells Plaza Midwood office

Mon, 16 Dec 2024 18:30:12 GMT

// Charlotte business journal

Charlotte-based Boulevard Real Estate Advisors closed this week on the sale of a mixed-use development in Plaza Midwood.

The firm sold the 26,816-square-foot boutique development at 1800 Central Ave. to Raleigh-based Edgewater Ventures. The $6.5 million acquisition closed on Dec. 9.

Trinity Partners' Dunn Mileham, David Morris and Eric Jennings handled the transaction on behalf of the seller. Edgewater represented itself in the transaction.

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."

Skender said Edgewater is planning speculative suites in the remaining vacant space. The firm will begin permitting in January, he said, with plans to deliver by summer 2025.

Wilmington Trade Center Secures Two New Leases

Wed, 18 Sep 2024 20:20:58 GMT

// WILMINGTON business journal

Following two recent leases, another building in the Wilmington Trade Center, a growing industrial park along U.S. 421, is at full occupancy.

Trane U.S. Inc., a division of Trane Technologies, signed a new lease for 33,710 square feet in the industrial park’s Building 2, while Global Laser Enrichment (GLE) expanded its existing lease by 11,235 square feet, bringing its total occupancy to 67,250 square feet. Wilmington Trade Center developer Edgewater Ventures announced the recent leases in a news release on Tuesday.

The industrial park’s second building at 4110 U.S. 421 has 157,515 square feet and features tilt-up concrete construction with extensive glass lines, a 32-foot clear height, an Early Suppression Fast Response (ESFR) sprinkler system and a 180-foot-deep truck court, according to the release.

New Hanover County leaders approved $3.3 million in incentives earlier this year to help fund the expansion of the master-planned industrial park. Once complete, the park will have 13 buildings, ranging from 84,000 to 1 million square feet and encompassing a combined area of more than 3.2 million square feet. The proposed structures will be shell buildings that can be leased or sold to business users.

People on the Move | Joey Surles

Wed, 07 Aug 2024 18:53:40 GMT

Edgewater Ventures is pleased to announce the addition of Joey Surles, to the Edgewater Industrial team as their Senior Property Accountant. A 2016 graduate of UNC-Chapel Hill, Joey began his Property Accounting career at Highwoods and honed his skills with Longfellow Real Estate Partners before joining Edgewater. With seven years of property accounting experience, he is well-versed in managing and optimizing financial operations.

Read more: TBJ Article

Sign of the times: North Hills office sale falls short of 2006 price

Thu, 25 Jul 2024 15:52:31 GMT

// Triangle business journal

A North Hills office property has been sold for more than $20 million, but the price still fell millions short of the property's assessed value and was even below the price from nearly 20 years ago.

A joint venture between Edgewater Ventures and Northridge Capital acquiredLandmark at North Hills, a two-building complex at 4601 Six Forks Road, for $21.3million, according to Wake County deed records. The property’s assessed value is about$33.8 million.

“Landmark is precisely the type of office property that is poised to thrive as workplace trends continue to evolve,” said Tim Skender, principal with Edgewater Ventures, in a statement from JLL. “We are big believers in the region, local demand drivers and our ability to upgrade the user experience via curated capital improvements and our hands-on, hospitality-oriented asset management.”

"A combination of factors influenced our desire to purchase the building, most notably the property’s location and visibility within North Hills. We do have plans to significantly enhance the property with new amenities and a refreshed look that we feel will be highly sought after by the current tenants at the property and other office tenants looking for anew home," Humphrey said.

People on the Move | Robert Elder

Mon, 15 Jul 2024 15:55:09 GMT

Edgewater Ventures is pleased to announce the addition of Robert Elder as the newest Investment Associate for Edgewater Innovation. With a wealth of experience spanning four years in investment banking at Stephens Inc. and KippsDeSanto & Co., Robert brings a robust foundation in M&A, capital-raising, and financial analysis. He earned a Bachelor of Science in Commerce from the University of Virginia and an MBA from UNC Kenan-Flagler Business School with a concentration in Real Estate.

Read more: TBJ Article

Developer Breaks Ground On Industrial Park Building, Plans For Two More

Tue, 02 Jul 2024 17:27:13 GMT

// WILMINGTON business journal

A North Hills office property has been sold for more than $20 million, but the price still fell millions short of the property's assessed value and was even below the price from nearly 20 years ago.

People on the Move | Sean Farrell

Fri, 07 Jun 2024 15:57:32 GMT

Edgewater Ventures is pleased to announce that Sean Farrell has joined the ABODE Communities team as a Director of Asset Management. He will be responsible for asset management activities, investor relations, company operations, and assisting with development and acquisitions.

With nearly ten years of experience in real estate, Sean specializes in multifamily properties. He has played a key role in acquiring over 2,500 units and has managed a diverse asset portfolio worth more than $4 billion.

Read more: TBJ Article

People on the Move | David Sloan

Wed, 17 Apr 2024 16:09:17 GMT

David Sloan is an Investment Associate on Edgewater's ABODE Communities team. He obtained his Bachelor's degree in Business Administration from UNC-Chapel Hill and a Master's in Real Estate from Georgetown University. David has worked for firms like JLL Capital Markets and Newmark in Washington D.C., where he focused on debt and equity production for multifamily properties along the East Coast. His commitment to excellence and passion for real estate make him a valuable asset to the team.

Read more: TBJ Article

Apartments, for-rent townhomes coming to Wendell Falls

sspain@edgewater-ventures.com (Sarah Spain) — Wed, 03 Jan 2024 18:30:14 GMT

// Triangle business journal

A master-planned community in eastern Wake County is growing with two new residential additions planned.

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.

Both the multifamily units and townhomes will be along Wendell Valley Boulevard in the northeastern portion of Wendell Falls.

Industrial Developer Completes Wilmington Venture23 Warehouse Project

Fri, 20 Oct 2023 13:25:39 GMT

// WILMINGTON BUSINESS JOURNAL

On 23rd Street in Wilmington, a development firm's office-to-warehouse conversion project is now complete and filled with tentants.

Edgewater Ventures recently executed leases at 1519 N. 23rd Street totaling 57,940 square feet to bring the 110,134 square foot building to 100% occupancy, according to a news release.

Marmolite Marble & Granite leased 28,390 square feet and Alcami Corp., a Wilmington-based drug development and manufacturing company, expanded within the building by 29,550 square feet, the release stated.

Edgewater Ventures bought the property in May 2022 for $6 million. In addition to converting 57,940 square feet from office space to warehouse space, the company also painted the facility, made repairs to the parking areas and rebranded the property as Venture 23, according to the release.

NEWSROOM

Leland Industrial Facility Signs On Two Tenants, Leasing 305K Square Feet

// WILMINGTON BUSINESS JOURNAL

NY firm behind $45M office sale near RDU

// TRIANGLE BUSINESS JOURNAL

Raleigh real estate firm buys $25M building at full occupancy

// TRIANGLE BUSINESS JOURNAL

Wilmington Trade Center Breaks Ground On Next Phase

// WILMINGTON BUSINESS JOURNAL

Longs industrial park plans to expand with $22M new building

// MY HORRY NEWS

Cushman & Wakefield Brokers $17.5M Sale of Industrial Portfolio in Laurel Hill, NC

// rebusinessonline.com

Law firm renews lease near Raleigh’s North Hills mixed-use district

// COSTAR

Charlotte developer sells Plaza Midwood office

// Charlotte business journal

Wilmington Trade Center Secures Two New Leases

// WILMINGTON business journal

People on the Move | Joey Surles

Sign of the times: North Hills office sale falls short of 2006 price

// Triangle business journal

People on the Move | Robert Elder

Developer Breaks Ground On Industrial Park Building, Plans For Two More

// WILMINGTON business journal

People on the Move | Sean Farrell

People on the Move | David Sloan

Apartments, for-rent townhomes coming to Wendell Falls

// Triangle business journal

Industrial Developer Completes Wilmington Venture23 Warehouse Project

// WILMINGTON BUSINESS JOURNAL

Firm Buys 187 Acres To Expand Industrial Development

// WILMINGTON BUSINESS JOURNAL

People on the Move | Ashley Lodenquai

// TRIANGLE BUSINESS JOURNAL

Carolinas Investment Shop Adds Exec

// RE ALERT

Edgewater Ventures Adds Investment Veteran

// COSTAR

People on the Move | Tim Skender

People on the Move | Denise Johnston

People on the Move | Jory Perkins

// TRIANGLE BUSINESS JOURNAL

Charleston Import Center for Canadian Apparel Giant is Sold

// THE POST AND COURIER

WilmingtonBiz 100 : Chris Norvell

// WILMINGTONBIZ

Edgewater Ventures, Alidade Capital sell Huntersville industrial building for $32M

// CHARLOTTE BUSINESS JOURNAL

Pepsi distributor moving to new North Myrtle Beach commerce park

// My HORRY NEWS

New business park predicted to 'diversify the workforce' in North Myrtle Beach

// My HORRY NEWS

Distribution Facility in Augusta Sells to New Investor

// JLL NEWS RELEASE

Wilmington Trade Center breaks ground on second building, doubles capacity

// WILMINGTON BUSINESS JOURNAL

Construction Begins On Second Wilmington Trade Center Building

// WILMINGTON BUSINESS JOURNAL

Edgewater Ventures, Stockbridge add another Charlotte industrial building to growing portfolio

// CHARLOTTE BUSINESS JOURNAL

Wilmington Distribution Center Sells In Multi-million Dollar Deal

// WILMINGTON BUSINESS JOURNAL

Edgewater acquires distribution facility near ILM

// PORT CITY DAILY

Raleigh real estate firm joins $14.8M deal for Holly Springs facility

// Triangle Business Journal

Firm Buys Property Leased To Pacon Manufacturing

// WilmingtonBiz

Edgewater Ventures, Stockbridge Capital partner to buy large Gastonia industrial building for $44.3M

// CHARLOTTE Business Journal

$40M industrial facility coming to Johnston County could support hundreds of jobs

// Triangle Business Journal

Edgewater Ventures Will Invest $40M In Benson Distribution Space

// THE JOHNSTON COUNTY REPORT

Edgewater Ventures will invest $40 Million in Benson Distribution Space

15 Developments Reshaping the Triangle in 2022

// Triangle Business Journal

Manufacturer Leases 101K Square Feet In New Wilmington Facility

// WiLMINGTONBIZ.com