Manufacturer Leases 101K Square Feet In New Wilmington Facility
// 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
