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Wilmington Downtown Property Showcase

The latest news from the The CRESS Group comes from an article written about Tyler Pegg’s involvement organizing the Wilmington Downtown Property Showcase. The Greater Wilmington Business Journal wrote the following article discussing the listing in greater detail. To view the original article, click here to visit the Great Wilmington Business Journal online.

Brokers turn out for downtown property showcase

October 25, 2013   By J. Elias O’Neal

Dozens of commercial brokers turned out for the third annual Commercial Property Showcase, held this year at the former Soapbox building Friday in downtown Wilmington.

The event highlights available commercial properties within downtown’s central business district that are for sale or for lease, said event organizer Tyler Pegg, a cofounder of Wilmington-based CRESS Group of Coldwell Banker Commercial Sun Coast Partners.

Wilmington Downtown Inc. (WDI), Wilmington-based Atlantic Coast Insurance, Coldwell Banker Commercial Sun Coast Partners and Maus Warwick Matthews & Company sponsored the event.

A number of prominent properties were on display for potential users, including the four-story historic Elks Temple at 255 N. Front St. that was until earlier this year home to the Nutt Street Comedy Room and The Soapbox Laundro-Lounge, and the Efird/Self Help Building at 272 N. Front St., which has space available on the fourth and fifth floors.

Both locations are listed with former WDI president and CEO John Hinnant, who recently joined Maus Warwick Matthews & Company.

A former residence and restaurant at 222 and 226 S. Front St. was also on display by Henry Nadeau, a broker with Wilmington-based Creative Commercial Properties Inc.

Jim Richards, an upstate New York native looking to reestablish his practice in the greater Wilmington area, said he was encouraged by the event.

“We’re looking at the area’s economic development and what’s going on in Wilmington,” said Richards, who specializes in industrial and manufacturing brokerage. “We’re still trying to see if there is enough activity in the area.”

Grayson Powell, manager and broker with Coldwell Banker Commercial Sun Coast Partners, said the brokerage community stands ready to assist business officials with downtown transactions.

“We’re here to help make downtown a realty and support downtown’s interest,” Powell said.

Hansen Matthews, partner and principal broker of Maus Warwick Matthews & Company, agreed.

“Downtown still and always will be a vibrant place to do business,” he said.


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