EDGEWATER NEWSROOM

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.

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.

A regional law firm has signed a renewal for its longtime headquarters in Raleigh, North Carolina.

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."

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

Edgewater Ventures is pleased to announce the addition of Joey Surles, to the Edgewater Industrial team as their Senior Property Accountant.

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.

Edgewater Ventures is pleased to announce the addition of Robert Elder as the newest Investment Associate for Edgewater Innovation.

Plans for two new buildings and infrastructure at Wilmington Trade Center, an industrial park along U.S. 421, will go before New Hanover County’s technical review committee this week.

Edgewater Ventures is pleased to announce that Sean Farrell has joined the ABODE Communities team as a Director of Asset Management.