Two Major Economic Development Projects Select ILM Business Park; Furthering Economic Investment and Growth

November 4, 2021

// FLYILM.COM

WILMINGTON– At a press event this morning, The Wilmington International Airport announced that two companies, CIL Capital, LLC and Edgewater Ventures, have each selected the ILM Business Park as the location of their strategic business investment and development. The ILM Business Park, which encompasses 140 acres on airport property, has foreign trade zone status, access to Customs, close proximity to major highways, rail, Port, and an airfield, and is minutes to downtown Wilmington.


“Given the high-profile location of the buildings at the Wilmington International Airport, our plan is to design the facilities to be state-of-the-art in both form and function,” stated Chris Norvell, lead industrial development partner with Edgewater Ventures. “The location demands that these facilities be constructed to stand the test of time, and we want the buildings to be on par with the highest-end industrial facilities in the nation, such that the entire community can be proud of them.”

SPREAD THE NEWS

Modern multi-story office building with many windows and a large parking lot. Blue sky with clouds.

NY firm behind $45M office sale near RDU

By Duda Widget • February 5, 2026
Forty540 II is a 200,000 SF next generation office building located in North Carolina’s Research Triangle. Built in 2021 and among the newest office deliveries in the market, the institutional-quality asset is thoughtfully designed and curated.
Aerial view of a white commercial building with blue accents, surrounded by parking and lush green trees under a bright blue sky.

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

By Duda Widget • October 16, 2025
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.
A group of people are standing next to each other on a construction site holding shovels.

Wilmington Trade Center Breaks Ground On Next Phase

By Duda Widget • May 15, 2025
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.
MORE NEWS