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Real Estate - Commercial

Commercial Real Estate Firm Joins Global Company, Opens Office In Downtown Wilmington

By Cece Nunn, posted Jul 23, 2021
Frank Efird Jr. is managing director of new franchise SVN | Efird Commercial Real Estate, which has opened an office in downtown Wilmington. (Photo by Cece Nunn)
The Efird family has been in the real estate business for more than half a century, with Frank Efird Sr. forming a company in 1965 to build homes in New Bern and Craven County.

The Efird Company bought a 1,200-acre farm near New Bern in 1967 that became River Bend Plantation, which incorporated in 1980 to become the town of River Bend. 

Frank Efird’s son, Frank Efird Jr., is now leading the family's commercial real estate business, which recently became a franchise of global commercial real estate firm SVN and opened an office in downtown Wilmington. 

Standing behind the bar at 6 Market St., in what Efird Jr. describes as a commercial real estate “digital cafe” that serves as the office for SVN | Efird Commercial Real Estate, Efird Jr. said SVN provides options for future growth. 

During the pandemic, he said, “I was looking for opportunities to grow our commercial real estate business, and part of that is going from a home office, which I worked out of during COVID, into what is the next step, and this is that next step.”

Efird Jr., who is the managing director for SVN | Efird Commercial Real Estate, added, “When I joined the franchise, it opened up a whole new world of networking … so now I’m part of an international franchise with 200 offices and over 1,600 brokers.”

Already, the arrangement has netted Efird Jr. a national client looking for space in Pender County.

The Wilmington-based SVN franchise currently has six people working for it, and is looking to add brokers.

“We’re in growth mode,” Efird Jr. said, and interested brokers will be trained at 6 Market St. and given access to SVN technology.

“As the SVN brand grows across the globe, we are partnering with market leaders who share our vision of a collaborative, open approach to commercial real estate,”  said Kevin Maggiacomo, president and CEO of SVN, in a news release. “SVN | Efird Commercial Real Estate is another strong addition to SVN and we look forward to rapidly growing the SVN presence and culture in the Wilmington market.”

A ribbon-cutting with Wilmington Mayfor Bill Saffo for the new office is scheduled for 11 a.m. Tuesday, Aug. 10, at 6 Market St.
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