Print
Entrepreneurs

NCino's Expansion Progresses At Wilmington HQ

By Cece Nunn, posted Oct 15, 2021
The Mayfaire-area campus of cloud banking firm nCino is expanding in Wilmington, with another office building under construction beside its main headquarters. (Photo by Cece Nunn)
Crews have made progress on the expansion of nCino's Mayfaire-area headquarters.

As a result of the project, the publicly-traded, cloud banking firm based in Wilmington will have enough space to allow for at least 600 new employees.

The expansion of nCino (Nasdaq: NCNO) incudes a new parking garage, an additional office building with 90,000 square feet and a facade renovation of the main headquarters structure.

A big part of the project is complete.

"The new parking deck at nCino Headquarters opened on Monday, Oct. 11. In addition to 640 parking spaces (including 5 electric car charging stations), the parking garage also houses bike racks that will accommodate 40+ bikes, which are located on the first floor," said Katie Smith, the firm's senior vice president of finance and operations, in an email Friday.

A new sign was recently installed on the main headquarters building, and the neighboring office building is taking shape.

"Construction on this property is underway and is scheduled to be completed in fall 2022," Smith said.

The general contractor is Thomas Construction Group and the architect is LS3P.

nCino's expansion was announced in April. Cloud Real Estate Holdings LLC, a Wilmington investment group comprised of entities affiliated with Cameron Management, SHP Acquisitions and Trask Land Co., entered into an agreement with nCino to acquire, lease back and develop the expansion.

Cloud Real Estate bought the property at 6770 Parker Farm Drive, including the existing nCino headquarters building, for $16.3 million last year. Trask Land Co. is the developer for the expansion and Cameron Management is serving as co-developer. 

In an illustration of the software firm's growth, nCino announced in September increased revenues and that Wells Fargo, one of the top four banks in the U.S., selected the firm "to digitally transform its commercial lending operations," nCino CEO Pierre Naudé said last month. "This growth across the U.S. and our non-U.S. markets illustrates that financial institutions of all sizes, all around the world, continue to embrace the nCino platform as part of their transition to a digital, client-first strategy.”
Ico insights

INSIGHTS

SPONSORS' CONTENT
Dallasromanowski headshotcopy

You Can Run, But You Can’t Hide

Dallas Romanowski - Cornerstone Business Advisors
Jc300 dsc 2735

Are we ready for the Endowment?

JC Lyle - Wilmington Area Rebuilding Ministry
Web awstaffpic2020 1 132245438

The Luncheon for Literacy: More than a Meal

Alesha Edison Westbrook - Cape Fear Literacy Council

Trending News

New Owners Announced For South Front Street Restaurant

Staff Reports - May 23, 2022

Coastal Entrepreneur Of The Year For 2022 Named

Johanna F. Still - May 24, 2022

Former First Bank Exec Named CFO Of New Hanover County

Staff Reports - May 23, 2022

World-famous YouTuber Spotlights Two Local Restaurants

Jenny Callison - May 25, 2022

Governor's Office Honors Brunswick Co. Volunteers

Staff Reports - May 24, 2022

In The Current Issue

MADE: Making A Cut In Custom Woodworking

A staple in the community for about three decades, the Wilmington custom woodworking shop also features a retail component – a unique featur...


What’s Next For Wilmington East’s $315M Windfall?

Offshore wind, which can generate electricity, represents an untapped economic frontier for the region that has bipartisan support....


Creative Campus Aims To Draw Artists

The Cucalorus Festival has covered a lot of ground over the past 28 years, and with executive director Dan Brawley at the helm, it continues...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100