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The CRESS Group

MegaCorp Logistics Purchases Ashes Drive Office Buildings

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MegaCorp Logistics Purchases Ashes Drive Office Buildings On April 30, 2018, Cece Nunn from the Greater Wilmington Business Journal reported on the recent purchase of two class-A office buildings on Ashes Drive in the Landfall/Mayfaire submarket of Wilmington. According to the article, MegaCorp Logistics company purchased 1011 and 1013 Ashes Drive from Ashes Drive LLC […]

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1011 and 1013 Ashes Drive

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1011 and 1013 Ashes Drive The CRESS Group represented the sellers of 1011 and 1013 Ashes Drive, two Class A Office Buildings located in the Landfall and Mayfaire submarket totaling approximately 45,000 SF.  Prior to listing the buildings, the former anchor tenant had notified the landlord that they had plans to relocate into another submarket.  […]

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Cody Cress Comments on UNCW as an Economic Driver

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Cody Cress Comments on UNCW as an Economic Driver (Photo credit: Cece Nunn; Obtained from: http://www.wilmingtonbiz.com) In a recent article by Cece Nunn from the Greater Wilmington Business Journal, Cody Cress of The CRESS Group of Coldwell Banker Commercial SunCoast explains why UNCW is a significant economic driver for Wilmington’s market. In the article, Nunn reports: […]

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Report: “An Investment of One’s Own”

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Report: “An Investment of One’s Own” (Photo credit: Ray Worrell; Obtained from: http://www.wilmingtonbiz.com/) With the ongoing growth and development occurring in Wilmington and the surrounding areas, many business owners are deciding to invest in a commercial space of their own. Cece Nunn from the Greater Wilmington Business Journal reports: “To Yu Hang Wang, developing his […]

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Report: “A First Look at Independence Mall’s Upcoming Transformation”

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Report: “A First Look at Independence Mall’s Upcoming Transformation” (Photo credit: The Collection at Independence) On Monday, March 19, Cece Nunn from the Greater Wilmington Business Journal reported on an expected upcoming transformation for Independence Mall in Wilmington, NC. In the article, Cece Nunn reports: “A full-scale transformation into ‘a dynamic mixed-use lifestyle center,’ including […]

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Developer Submits a New Rezoning Request for The Avenue

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Developer Submits a New Rezoning Request for The Avenue (Photo from TheCarrollCompanies.com) The Carroll Companies has submitted a new rezoning request for the development of The Avenue, which is a proposal for a large mixed-use project on Military Cutoff Road in Wilmington, NC. On March 16, Cece Nunn from The Greater Wilmington Business Journal reported […]

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Update: Planning Board Delays Vote for Wrightsville Beach Restaurant Proposal

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Update: Planning Board Delays Vote for Wrightsville Beach Restaurant Proposal (Photo Credit: Lumina News) On March 8, 2018, Terry Lane from Lumina News reported on a recent update regarding the restaurant proposal at 100 West Salisbury Street on Wrightsville Beach. If approved, the restaurant proposal would replace the former “Scotchman” convenient store, which has been […]

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Report: “New restaurant proposed for longtime vacant convenience store in Wrightsville Beach”

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Report: “New Restaurant Proposed for Longtime Vacant Convenience Store in Wrightsville Beach” (Photo credit: Michael Praats, Port City Daily) On March 6, 2018, Michael Praats from Port City Daily reported: “A building that has sat vacant along West Salisbury Street in Wrightsville Beach could soon be getting a makeover, turning the former convenience store into […]

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Report: “Shuckin’ Shack Opens in Leland, Changes Downtown Wilmington Locale”

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“Shuckin’ Shack Opens in Leland, Changes Downtown Wilmington Locale” (Photo Credit: Shuckin’ Shack; Obtained from WilmingtonBiz.com) Jessica Maurer from the Greater Wilmington Business Journal reported: “Leland franchise owners Sarah and Mike Lookingbill opened their Shuckin’ Shack Oyster Bar location this week. Sarah Lookingbill has been with the company since it opened its first restaurant in […]

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