News and Announcements

Firm Buys 187 Acres To Expand Industrial Development

October 17, 2023
BY CECE NUNN, GWBJ - POSTED OCT 12, 2023 Developers bought 187 acres on U.S. 421 in Wilmington on Wednesday for a major expansion of one of their existing industrial projects. Edgewater Ventures, a commercial real estate investment company, purchased the property next to Wilmington Trade Center for $7.65 million from Invista. "The acquisition will expand Wilmington Trade Center to 212 acres and is master planned to provide up to 3.3 million square feet of Class A industrial facilities," a news ... Continue Reading


September 12, 2023
German Based Manufacturer Breaks Ground on New HQ off U.S. Hwy 421 September 12, 2023 (Wilmington, N.C.) Kesseböhmer, a family-owned metal processor that supplies retail display and kitchen storage solutions to U.S. and international markets, is consolidating and expanding North American operations into a new building in New Hanover County. The company, based in the northern Germany town of Bad Essen, is making a strategic investment in North American markets by basing two operating divisions at ... Continue Reading


September 6, 2023
Southern California Based Import & Distribution Company will be the First Tenant in the Blue Clay Business Park September 6, 2023 (Wilmington, N.C.) – Francini Inc., a leading importer and distributor of natural & engineered stone products, has now purchased just under six acres at the newly established Blue Clay Business Park in New Hanover County. The company, based in Southern California and with an existing presence in Wilmington, will add to its regional portfolio and ... Continue Reading

Home Depot, National Building Supplier Sign Leases In Pender Commerce Park

August 18, 2023
BY EMMA DILL, GWBJ A rendering of Ramm Capital Partner's speculatively developed industrial warehouse shows the 144,900-square-foot facility in the Pender Commerce Park. (Rendering courtesy of Wilmington Business Development) A familiar home improvement retailer and a building products supplier with a national presence are set to be the newest tenants in Pender Commerce Park. Home Depot USA and Lansing Building Products have signed leases for space inside a 144,900-square-foot industrial building developed by Winston-Salem-based Ramm Captial Partners LLC. ... Continue Reading

Big Biz Parks Lure Tenants

August 7, 2023
BY JOHANNA F. STILL, POSTED AUG 4, 2023 GWBJ A $100 million facility in the Pender Commerce Park developed by RL Cold will soon be operated by Performance Team, a Maersk company. (Photo c/o Maersk) Even with rising interest rates, which have inflated costs for renters and builders alike, the appetite for large industrial warehouse space in the Cape Fear region is holding steady. On the heels of fully leasing his first speculatively built industrial warehouse in the Pender ... Continue Reading

Brunswick Co. returns to Wilmington Metropolitan Statistical Area

July 25, 2023
By WECT Staff Published: Jul. 25, 2023 WILMINGTON, N.C. (WECT) - Brunswick County is back in the Wilmington Metropolitan Statistical Area (MSA), according to the new MSA list released last Friday by the Office of Management and Budget. After the 2010 census, Brunswick County was removed from the Wilmington MSA and place in the Myrtle Beach-Conway-North Myrtle Beach MSA. Since that decision, Sen. Richard Burr has made several attempts to have Brunswick County added back in the Wilmington MSA. “All ... Continue Reading

With a world-class workforce and a booming economy, North Carolina repeats as America’s Top State for Business in 2023

July 12, 2023
At a time when companies are clamoring for workers while trying to navigate a treacherous economy, no state is meeting their needs more effectively than North Carolina. The Tar Heel State is America’s Top State for Business in CNBC’s annual competitiveness study. It is the second consecutive year at the top for North Carolina — a rare feat in the CNBC study, which launched in 2007. Business and the economy in the state have been on ... Continue Reading

Raleigh-Cary rises to No. 3 on ‘Best Performing Cities’ report; Wilmington is 7th

May 24, 2023
MILKEN INSTITUTE Downtown Raleigh. (Photo Courtesy of GoodFreePhotos) by WRAL TechWire — May 16, 2023 RESEARCH TRIANGLE PARK – The Raleigh-Cary metro area ranks No. 3 – just behind its rival Austin, Tx. – and Wilmington comes in at No. 7 in the widely followed Milken Institute’s annual Best Performing Cities report. The Raleigh metro vaulted from 16th a year ago.  One reason for Raleigh’s rise: A 12.4% improvement in the tech sector as measured by Milken. It’s up 33.6% over the past five years. Durham-Chapel Hill ... Continue Reading

Wilmington International Airport Ranks #1 in North Carolina and #3 in U.S. for Growth

May 11, 2023 A recent analysis shows Wilmington International Airport continues to experience significant growth. During the period of January-September, all airlines are showing positive growth at ILM and seat growth in the market is +32%. With this growth in seats, Wilmington International Airport is North Carolina’s fastest growing airport for the first three quarters of 2023. Further, ILM is also the 3rd fastest growing airport in the entire country (percent seat capacity growth Jan-Sept 2023 versus ... Continue Reading

Performance Team announces plans for new cold chain facility in Wilmington, NC

December 7, 2022
By: AJOT | Dec 05 2022 | Logistics | Ports & Terminals Performance Team continues to expand and integrate end-to-end cold chains with the announcement of a new cold storage facility in Wilmington, North Carolina opening in Q3 2023 to serve imports and exports. North Carolina accounts for 10% of total U.S. pork exports (as the 3rd largest in pork production), the 7th largest in poultry production and the largest in sweet potato production. Site selection-wise, the ... Continue Reading