Manufacturer Leases 101K Square Feet In New Wilmington Facility

December 20, 2021

// WiLMINGTONBIZ.com

WILMINGTON– To more than double its space, PaperFoam signed a lease for 101,438 square feet in the 157,600-square-foot building nearing completion at the Wilmington Trade Center. The project is under development by Edgewater Ventures and McKinley Building Corp.

Chris Norvell, industrial partner with Edgewater, said in a news release that his partnership already has site plan approval to construct the center’s second building, which will be identical in size and design to the first. 

The Wilmington Trade Center industrial park will eventually include three buildings and a total of 425,000 square feet of Class A industrial space. 

“We’re excited to welcome our first tenant to Wilmington Trade Center, and also to simultaneously expand the footprint and manufacturing capabilities of this tenant,” Norvell said in the release, which did not name PaperFoam.

The trade center is Edgewater Ventures’ first ground-up development in the Wilmington market and the first building adds to the company’s industrial portfolio in the area, which totals 1.3 million square feet, according to the release. 

SPREAD THE NEWS

An aerial view of a large white warehouse building with several semi-truck trailers parked at the loading docks.

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

By Sarah Spain • March 23, 2026
Two companies recently signed leases for a total of more than 305,000 square feet in Leland’s Edgewater Commerce Center.
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.
MORE NEWS