ECKEL & MORRISON CLOSE 3 INDUSTRIAL DEALS

Apr 15, 2010

New Hanover County, N.C. – April 15th, 2010 – Amidst a sluggish warehouse/flex office market, it was a busy week of industrial transactions for partner Brian Eckel and vice president Bryce Morrison of Cape Fear Commercial. The pair worked together to successfully close three (3) industrial warehouse purchase transactions at Dutch Square, Northchase Industrial Park and 115 Cathay Road (just south of Monkey Junction).

Two of the transactions were linked together with contingencies and closed simultaneously on the same day.

“It was an intense and interesting couple of days,” Morrison commented. “One transaction couldn’t happen without the other, and when dealing with multiple parties, attorneys and banks there are a lot of moving parts. We feel fortunate to have gotten them all closed.”

About Cape Fear Commercial

Cape Fear Commercial manages North Kerr Industrial Park, Island Industrial Park, and has established themselves as a leader in the market with over 60 closed industrial transactions over the last several years. Cape Fear Commercial is a full service commercial real estate advisory firm based in Wilmington, North Carolina. For more information on the Wachovia Building or Cape Fear Commercial, visit them online at www.capefearcommercial.com.