News

Previously owned by MegaCorp Logistics, the building was purchased Aug. 14 as an investment by Wilmington endocrinologist Ghobad Azizi.

PlayerSpace, a sports management software company, occupies the 4,400-square-foot structure after leasing the space and moving there recently to accommodate the 15-employee firm’s growth.

Having a tenant occupy the entire building “made it an attractive investment for Dr. Azizi,” said Spruill Thompson, senior vice president of Wilmington-based commercial real estate firm Cape Fear Commercial.

Thompson represented MegaCorp Logistics in the sale, while Eian Lundy of Carolina Commercial Investment Properties represented Sonogenic Holdings LLC, the entity managed by Azizi that now owns the building.

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An entity controlled by Wilmington residents, ER Quiver Family Limited Partnership, bought the historic property from City Market of Wilmington LLC for nearly $1.5 million, according to a deed recorded Tuesday.

The 14,700-square-foot market was built in the 1880s, according to its Loopnet.com listing. It has entrances on South Front Street and South Water Street and holds a number of retail tenants, including longtime occupants Barouke Exotic Woods Etc. and clothing store Ropa Etc.

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Blue Ridge Companies of Greensboro bought about 12 acres in the 2500 block of Castle Hayne Road from Edwin and Nancy Ennis for $3.27 million, according to a deed recorded in December.

The Wrightsboro Commons project, which is expected to include apartments and the replacement and renovation of existing commercial space, is the first in the county to take advantage of one of New Hanover’s new zoning districts, Urban Mixed Use Zoning (UMXZ).

It’s one of eight zoning districts approved by the county Board of Commissioners in July last year.

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An international retailer that sells yoga-inspired athletic clothing, Lululemon Athletica had opened a pop-up in the shopping center on Military Cutoff Road based on the company’s Internet traffic from the Wilmington area, a previous Greater Wilmington Business Journal story said.

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The property, at 3132 Kitty Hawk Road in the North Kerr Industrial Park, will be used for indoor soccer practice and some camps, said Mark Briggs, technical director for the Hammerheads youth program and assistant coach for the Hammerheads professional team.

Nearly 3,000 children participate in the youth program, 1,500 in the recreational division, 800 in competitive, 300 in outreach and 150 in the organization’s academy program.

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Cary-based Solstice Partners LLC and the N.C. Department of Transportation bought three parcels totaling 4 acres at 363, 369 and 375 S. Kerr Ave., P.J. Doherty, a managing partner and broker with Wilmington-based Carolina Commercial Investment Properties, said Tuesday.

Doherty and Bob Lucas, a broker with Wilmington-based Pickett Pointe Properties, represented the sellers during the March 7 transaction totaling $765,000.

The parcels were formerly owned by Wilmington-based B.J’s Construction.

While 3.8 acres was sold to Solstice officials, a 0.2-acre tract is set to close in the coming weeks to NCDOT for $190,000 as right-of-way for the future Kerr Avenue widening project, Doherty said.

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