Two Signed Leases, $120M Investment Announced At ILM Business Park
Nov 04, 2021
// WilmingtonBiz
WILMINGTON– Two companies are joining the ILM Business Park, airport officials announced in a press conference Thursday morning.
Edgewater Ventures and CIL Capital LLC will bring a combined $120 million in investment to the New Hanover County Airport Authority's park through two separate projects.
The authority board approved both leases at its meeting Wednesday evening.
CIL Capital signed a long-term ground lease and intends to construct a 500,000-square-foot storage and distribution facility for the life sciences industry.
For additional coverage:
WWAY.COM - New businesses coming to ILM Business Park with a $120 million investment
WECT.COM - Two companies select ILM Business Park for development projects
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Edgewater Ventures is proud to welcome David Sloan to the team. Sloan is an Investment Associate on Edgewater's ABODE Communities team.
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.
