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WILMINGTON BUSINESS DEVELOPMENT ANNOUNCES ADDITION TO PENDER COMMERCE PARK

FedEx Freight Will Be Property’s Third Tenant

February 2, 2018 (Wilmington, N.C.) – Wilmington Business Development has announced FedEx Freight, a less-than-truckload (LTL) carrier, a unit of FedEx Corporation (NYSE: FDX) has selected a 12.5-acre parcel at Pender Commerce Park for a new service center.

“The arrival of FedEx Freight highlights the rise of Pender Commerce Park as one of our region’s most appealing industrial properties, and demonstrates the county’s ongoing efforts t0 create jobs for its citizens,” said George Brown, chairman of the Pender County Board of Commissioners. The company will be the park’s third tenant. New York-based Acme Smoked Fish and Empire Distributors, a consumer supply-chain leader, established operations there in 2013 and 2015, respectively.

Located on U.S. Highway 421 in the community of Currie, the 450-acre full-service industrial park was completed in 2011 as part of a partnership between Pender County and Wilmington Business Development (WBD).

“Pender Commerce Park is well on its way to being the modern business destination county leaders envisioned in 2006 when we began developing it,” said David Williams, a Pender County Commissioner who also represents the county on the WBD board of directors. “It is an asset that will further our push for greater economic diversification.”

“The choice of Pender Commerce Park by the world’s leading name in logistics is a huge vote of confidence for this fast-rising economic development asset,” said Scott Satterfield, chief executive officer of Wilmington Business Development (WBD), which

markets the county to global businesses and provides technical advice to Pender County leaders. “The property is a significant regional product that enhances the convenience and connectivity of Greater Wilmington’s economy.”

Founded in 1956 as the Wilmington Committee of 100, Wilmington Business Development oversees business recruitment and industrial retention for the City of Wilmington, New Hanover County and Pender County. A private, non-profit organization [501(c)(6)], WBD supports its members, partners and allies through a broad array of technical expertise, leadership resources and value-added business services. For additional information, visit www.wilmingtonbusinessdevelopment.com

Contact: Scott Satterfield

910-763-8414 x1

ssatterfield@wilmbusdev.com

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