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Located in the southeast area of the UNCW campus, the development's first phase is scheduled to service students for the Fall 2020 semester and will deliver 1,038 beds in a pod-style configuration for first-year students.
J.G. Petrucci has acquired an industrial flex building and a six-acre development site that expand the variety of commercial and industrial real estate options it can offer clients.
“Recently we have seen a surge in interest in the Old City sub-market, which makes sense given its accessibility and proximity to the CBD," says Chris Egan, a senior associate at RRA.
The disposition of 55 Walkers Brook Drive follows a capital improvement plan implemented by Philadelphia-based Rubenstein and Nordblom of Burlington, MA that was focused on modernization and amenitization of the building.
Hunt's managing director, Harris Heller, says the transaction demonstrates strong leasing velocity that was fueled by the quality of the construction and strength of the submarket.
Cassetti will focus on growing Colliers' operations and business throughout the region, while recruiting top talent and providing clients with the highest level of service.