Wilmington Trade Center Breaks Ground On Next Phase
// 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.
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