Improving Business in the Wilmington Region
EDGEWATER VENTURES AND MCKINLEY BUILDING CORPORATION ANNOUNCE THE DEVELOPMENT OF A 425,000 SF CLASS A INDUSTRIAL PARK IN WILMINGTON, NORTH CAROLINA
WILMINGTON, N.C. (March 30, 2021) – Edgewater Ventures, in partnership with McKinley Building Corporation, announces the development of Wilmington Trade Center, a three-building Class A industrial development that will total 425,000 square feet upon completion. Construction is underway on Building 1, a 157,610 square foot state-of-the-art facility that will feature tilt-up concrete construction with extensive glass lines, 32’ clear height, an ESFR sprinkler system, and a 180’ deep truck court. Building 1 is slated to deliver in early September and can accommodate tenants ranging in size from 22,000 to 157,610 square feet.
Wilmington Trade Center will be the first ever speculative Class A industrial development constructed within New Hanover County and featuring a Wilmington address. The park is strategically positioned on Highway 421 near the interchange at interstate 140, providing direct, uninterrupted access to the entire Wilmington market as well as Interstate 40 to Raleigh, Interstate 74 to Charlotte, and Highway 17 to Myrtle Beach. Upon completion, the development will provide corporate tenants with outstanding access to Downtown Wilmington (4.2 miles), Wilmington International Airport (6.7 miles), and the Port of Wilmington (8.7 miles).
Wilmington Trade Center is Edgewater Ventures first ground-up development in the Wilmington market and will add to the company’s industrial portfolio in the area which currently totals 1,140,000 square feet. Chris Norvell of Edgewater Ventures commented, “We’re extremely excited to partner with McKinley to develop our first-Class A industrial building in Wilmington. We’re bullish about the long-term growth of the region and view this development as extremely well positioned to serve companies looking for a best-in-class facility in a highly accessible location.”
No stranger to construction and development in the Wilmington region, McKinley Building Corporation has constructed and developed over 414,000 square feet of industrial facilities along the Highway 421 corridor, including seven (7) buildings within I-140 Business Park, located just south of Wilmington Trade Center. “I am excited to be part of bringing to New Hanover County a multi-facility complex that will raise the bar for all southeastern North Carolina for supporting logistics and Port business,” said Ken Dull, President of McKinley Building Corporation. “Our region will be a player in the surging e-commerce and distribution market, and this facility will enable businesses to find their success here in our great region.”
Edgewater Ventures and McKinley continue to build upon a long-standing relationship with economic development regional leader Wilmington Business Development (WBD). “Industrial momentum in this market, and on this corridor in particular, is incredibly strong,” says Scott Satterfield, WBD CEO. “We clearly recognize the significance of this financial investment and the recruitment tool that it will be for the Greater Wilmington region. Our currency is jobs, tax base and investment and this development provides us with a high demand product.”
About Edgewater Ventures
Edgewater Ventures is a commercial real estate investment firm that is focused on the acquisition and development of industrial, office, multi-family, and mixed-use assets across the Carolinas. Our team members have dedicated their entire careers to the maximization of real estate value through the identification of opportunities and the first-class operation of assets for our clients and partners. With over 50 years of combined experience and years of working together, the Edgewater team brings a unique corporate culture and passion for the industry that has consistently translated into exceptional results. Founded in January of 2020, Edgewater currently owns and operates a portfolio of 2.2 million square feet of properties throughout the Carolinas and has offices in Raleigh and Wilmington, North Carolina.
About McKinley Building Company
McKinley Building Corporation has served the Greater Southeastern area of North Carolina since 1992 and has earned a stellar reputation for dependable, quality construction on over 350 projects across a wide variety of commercial buildings from industrial warehouse and flex spaces to Class A office buildings, retail shopping centers, multifamily projects, and tenant upfits. McKinley Building Corporation has earned its’ reputation by building on a strong foundation of core values including integrity, teamwork, faith, and service to the community. McKinley Building’s greatest assets are its’ people and the relationships they form with clients, many of whom are repeat customers. From design through completion of a project, McKinley Building’s customers enjoy a close partnership with a single primary point of contact to ensure that their project is a success by finishing on time, on budget, and with the highest quality possible.