Wilmington Biz

REAL ESTATE – COMMERCIAL
BY CECE NUNN, POSTED AUG 24, 2018

One of the newest buildings in the Mayfaire office park has changed hands for $7.36 million.

A company that’s part of SunTrust Bank bought the 30,000-square-foot structure The Offices at Mayfaire V as an investment that has been leased by one of Wilmington’s largest health care providers, a broker announced Thursday.

“Last year, we were truly fortunate to work with such a quality organization as Wilmington Health, which leased all of Mayfaire V,” wrote Steve Hall, broker and partner with Maus, Warwick, Matthews & Co., in an email. Hall has been working with Offices at Mayfaire developer Steve Anderson and his son, Parker Anderson, on recent projects through the Andersons’ development company, SAMM Properties. “This year we’ve had the privilege to work with another quality organization, WH Wilmington NC Landlord LLC, in the sale of the building.”

WH Wilmington NC Landlord LLC is managed by SunTrust NLIP Inc., a subsidiary of SunTrust Bank.

All six of the buildings in The Offices at Mayfaire complex behind Mayfaire Community Center are fully leased. The builder is McKinley Building Corp.

“Mayfaire V is perfectly located within Mayfaire Town Center with great visibility and easy access from Military Cutoff along with  Eastwood Road.  The office portion of Mayfaire is now in the final stages since Wilmington Health and nCino [a banking software company] have leased the last two planned buildings for The Offices at Mayfaire,” Hall said. “It is impressive to ride through the park. Steve Anderson has done a wonderful job of designing a Class A office park.”

Hall is also working with Anderson on one of the longtime Wilmington developer’s latest projects.

“Now that we are at 100 percent occupancy in The Offices at Mayfaire, Bradley Creek Station will be the next planned development for business owners to buy or lease their office suite located on Oleander Drive,” Hall said.

“Working with SAMM Properties was so easy. They anticipated what I needed before I even thought of it. I never had to ask any questions about the process. Everything was explained in detail all along the way. I would recommend them to anyone looking to lease or purchase space for their business.”

- Pam Thibault, Owner, Crabby Chic
Bradley Creek Station

“After renting my office space for 20 years we purchased our medical office space from SAMM Properties four years ago. Best business decision I've ever made! SAMM is easy to work with and they over deliver. I highly recommend them.”

- Dr. Edward Paul, OD, PhD, Owner, Paul Vision Institute
The Offices At Airlie

“Steve Anderson is a quality person, who builds a quality product, and makes the entire process a quality experience. He knows what owners want and need in a commercial property. I have purchased two units in Howe Creek Landing and have been delighted.”

- Chuck Earney, CPA, Earney & Company, L.L.P.
Howe Creek Landing

“We worked with Steve Anderson on the lease of our office space in Mayfaire. We were thrilled with the final outcome and look, all beyond our expectation. What we appreciate most was his communication, attention to detail, and delivery of expected results and then some within the expected time frame.”

- Robert O’Bday, Vice President, Monarch Mortgage
The Offices at Mayfaire III

“My wife and I were leasing space for our retail store here in Wilmington and Steve approached us about purchasing space in Phase II of Anderson Square. Since we had always wanted to own our store space, we actively pursued purchasing a location in Anderson Square. I had known Steve for a number of years but had never had a business relationship with him. I was not surprised at all to find that it was an absolute pleasure to deal with him as our new location was being built. He was always available to help in any way he could to be a problem solver during the construction. I had been expecting a lot of hassles during the build as the gremlins seem to thrive around construction sites, but my experience was the opposite. If I needed help or advice, Steve was right there smoothing the way.

We opened our new location in 2004 and I worked closely with Steve until he sold his interest in Anderson Square in 2016. During those years, I found him to be very concerned about the welfare of all the store owners in the center and was constantly picking up trash, hanging Christmas decorations or driving through to check on any parking problems. Steve is the type of developer that remains involved in his projects long after they are completed. I would highly recommend him to anyone looking to own or lease a portion of any project he is building.”

- George Elem
Anderson Square

5815 Oleander Drive, Suite 330        Wilmington, NC 28403 (Directions)       Phone: 910-616-0483

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