A handful of recent real estate transactions around Independence Mall are part of a strategy from the mall’s owner to capitalize on the value of its outparcels. Florida-based 4th Dimension Properties purchased Independence Mall and a nearby parcel last summer in a more than $50 million deal. The purchase did not include the mall’s anchor tenants, Belk and Di ...

The property that previously housed Walk On’s Sports Bistreaux near Independence Mall changed hands late last week in a $3 million transaction. Located at 3710 Oleander Drive, the 1.5-acre property includes a more than 8,000-square-foot building that was originally constructed for Walk On’s. The sports-themed bar and restaurant operated in the space from 202 ...

A Dallas-based Real Estate Investment Trust (REIT) acquired a retail space at Independence Mall this week for $7.5 million. NS Retail Holdings LLC purchased the 28,575-square-foot retail space that houses grocery store Lidl from mall owner Independence Mall Territories LLC, according to a deed recorded Wednesday. NS Retail Holdings lists the same Dallas address ...

A new commercial area with up to 100,000 square feet of retail, restaurant, medical and office space is planned for Blake Farm, a mixed-use project off U.S. 17 in Scotts Hill. More than 2,000 residential units (some built, some on the way) are part of the Blake Farm planned development, including apartments, townhomes and single-family homes. The proposed commercial hub ...

Center Point, a mixed-use development under construction near the intersection of Eastwood and Military Cutoff roads, announced its first commercial tenants Tuesday. Totaling more than 13,000 square feet, the new leases include eatery Burtons Grill & Bar, locally-owned businesses Nest Interiors and Blended Shoes + Apparel, men’s clothing store Thompson’s ...

The Cape Fear Makers Guild is growing its local footprint with the purchase of a former dry-cleaning building on South 17th Street in Wilmington. The nonprofit community makerspace purchased the roughly 4,500-square-foot building at the end of April, according to deed records. The makerspace has operated out of an approximately 1,200-square-foot, first-floor space at 27 ...

A portfolio of buildings in Wilmington’s Soda Pop District changed hands this week for nearly $16 million. Cuadra Capital, a Charlotte-based real estate investment firm, purchased four properties in the district, including the Bottle Works building at 921 Princess St. and 1020 Princess St., which houses Hi-Wire Brewing and adjacent pizza restaurant Cugino Forno, i ...

Target is gearing up to officially open the doors of its second Wilmington-area store later this week. The 128,000-square-foot store, which is located at 5623 Carolina Beach Road in the Village at Myrtle Grove retail center, held a preview event on Tuesday evening. The store will hold its grand opening on Sunday, but will be open from 8 a.m. to 11 p.m. during the rest o ...

The building that houses longtime Brooklyn Arts District Palate Bottle Shop & Garden is on the market for $1.5 million ahead of the business’s planned closure next month. The property, which sits at the corner of North Fourth and Davis Streets, is drawing attention from a range of interested users and prospective buyers, according to Jeff Hovis, a broker with ...

Magnolia Village, a retail and office center just off U.S. 17 in Leland, has seen a wave of new leases in recent months, along with the start of construction on a new, nearly 8,000-square-foot building. The center, which was developed in the late 90s and early 2000s at the entrance of Magnolia Greens Golf Plantation, was among the first large-scale commercial centers in ...