RALEIGH, NC June 9th, 2025 — Rich Commercial Realty (RCR) is pleased to announce the successful sale of Maritime North Business Park, a best-in-class small-bay flex industrial campus located in Wilmington, North Carolina. Clear Path Asset Management, led by Dan Magid, was the Buyer and was advised by Bo Hargrove and Street Jones of RCR. The Seller, Maritime West Development, was advised by Will Leonard of Cape Fear Commercial.
Comprised of eight buildings totaling 138,500 square feet, Maritime North Business Park was developed between 2022 and 2025 and features high-quality flex/industrial space catering to a strong mix of small businesses and local government users. With 85% occupancy, the property offers immediate lease-up potential in the newest buildings — an exciting opportunity in a market with limited supply.
“We were honored to work with Clear Path Asset Management on this acquisition,” said Bo Hargrove, SIOR, Principal at RCR. “This transaction reflects the strength of the Wilmington industrial market and the continued demand for high-quality, well-located flex product.”
The buyer, Clear Path Asset Management, a leading commercial real estate investment manager, has now completed its 12th acquisition in the Carolinas with this strategic purchase. Maritime North Business Park is a natural fit for their portfolio, offering institutional-level quality and long-term growth potential in one of North Carolina’s most dynamic coastal markets.
RCR, with offices in Wilmington, NC and Raleigh, NC will lead the leasing efforts for the project. RCR Principal Dylan Heafner stated, “we’re excited to continue our work at Maritime North and look forward to welcoming new tenants to this exceptional campus.”
Please reach out to Dylan Heafner, CCIM, SIOR and Sam DiFranco Jr., CCIM, SIOR for all leasing inquiries.
