Wilmington NC Real Estate News
Glenn Imboden of Coldwell Banker Commercial Sun Coast Partners Negotiates 5,000 Square Foot Lease for Coastal Linings at 221 Old Dairy Road in Wilmington, NCMay 23, 2018
Flex Space Complex in Dutch Square Industrial Park is now 100% Leased
WILMINGTON, NC – Coastal Linings, a new start-up that applies non-slip coatings onto truck liners and boat components, has leased 5,000 square feet for its new headquarters at 221 Old Dairy Road Unit 6 in Wilmington, NC. Glenn Imboden, an agent with Coldwell Banker Commercial SunCoast, negotiated the lease on behalf of the tenant. Carlton Fisher of Coastal Realty represented the landlord.
221 Old Dairy Road is a Flex Space Complex located just off of Market Street in Dutch Square Industrial Park. The property is comprised of six 5,000 square foot buildings, each with its own laydown yard. With Coastal Lining’s lease, 221 Old Dairy Road is now 100% leased.
“221 Dairy Road is the perfect location for us because we are right in the heart of everything automotive and many dealerships are right down the road,” said Michael Phelps, owner and founder of Coastal Linings. “Our lining process is similar to powder coating but is more durable and has a lifetime warranty.” Phelps is a UNCW graduate and North Carolina native. His family owns and operates the Phelps Chevrolet dealership in Greenville, NC.