Wilmington's Skyline Center is getting new tenants. Here's who's signed on so far.
After the $68 million purchase of the former Thermo Fisher building, now known as the Skyline Center, the city of Wilmington is working to sell its former office buildings and lease out unused space in its newly acquired building.
According to the city, since its acquisition of the Skyline Center in mid-July, it has moved almost 250 employees into the building on the first, second, third, 10th, 11th and 12th floors, with additional transitions slated for April.
Some of the offices that have transitioned to the new site already include the city attorney’s office, the engineering department, the finance department and the city clerk’s office.
In October, the city began marketing the space available to lease on floors four, seven, eight and nine. To date, after a relatively short time on the market, three leases have been brought before city council for consideration.
Discover more: Timeline: Here's what's next for the city's purchase of the former PPD building
Most recently, Wilmington City Council agreed to lease space to two new tenants in the 12-story building.
The Local Government Federal Credit Union will lease “3,022 square feet on the first floor of the Skyline Center. The initial term we requested is five years with one option to extend for four years," said Aubrey Parsley, the city’s director of economic development. "Rent for the space amounts to $132,249 annually.”
The other space will go to the Wilmington-based nonprofit, Leading Into New Communities (LINC), which will occupy 702 square feet of space on the fourth floor for $23,400 per year.
Before choosing to lease to the bank and nonprofit, city council also approved a 10-year lease to the Wilmington and Beaches Convention and Visitors Bureau for a 4,100-square-foot portion of the fourth floor at $117,768 per year.
It's worth noting that Thermo Fisher Scientific, the business formerly headquartered at the Skyline Center, continues to lease the entirety of the fifth and sixth floors for $1.8 million per year.
According to the city, rental rates for tenants are based on a variety of factors including the size of the premise, location in the building and lease duration.
This article originally appeared on Wilmington StarNews: Who's moving into the Skyline Center in Wilmington, NC
