CFC RENEWS WOODBURY & CO. AND MSSB
Apr 10, 2010
Wilmington, N.C. – April 10th, 2010 – Cape Fear Commercial is pleased to announce that it has successfully renewed both Woodbury & Co. and Morgan Stanley Smith Barney in their office space in Wilmington, NC.
“Both Tenants had time remaining on their respective leases, but we were able to create a win-win for both Tenant and Landlord by ‘blending and extending.’ Tenants are clearly taking advantage of the economic friendly conditions and Landlords are willing to ‘blend and extend’ thereby creating a win-win for both parties,” stated Brian Eckel, partner of Cape Fear Commercial.
Founded in 1932 by Louie E. Woodbury Jr., Woodbury & Co. provides the highest quality insurance and risk management products and services to their clients. Today, the organization has grown to over sixty outstanding professionals and is one of the largest independent agencies in North and South Carolina. For more information on Woodbury & Co., please go to www.woodburyinsurance.com.
Two of the most recognizable names in wealth management, Morgan Stanley and Smith Barney, have joined forces to create a new industry leader, Morgan Stanley Smith Barney (MSSB). MSSB focuses on their firm’s worldwide resources on providing clients with financial advice, integrated solutions and intelligence across all the world’s major markets. For more information on MSSB, you can visit them online atwww.morganstanleysmithbarney.com.
“Both Woodbury & Co. and Morgan Stanley Smith Barney are such high quality firms, we feel fortunate to retain both of them as Tenants,” stated Eckel.
Brian Eckel and Vin Wells negotiated both transactions on behalf of the Landlord, which totaled over $1.8 million in volume.
The Morgan Stanley Building is leased and managed by Cape Fear Commercial, LLC. Cape Fear Commercial is a full service commercial real estate advisory firm based in Wilmington, North Carolina. For more information on our services or to learn more about the Morgan Stanley Building, please visit us online at www.capefearcommercial.com.