City of Wilmington Awards Facilities Contract to New Hanover Community Endowment Inc (October 2026)

Scope & details

The full contract record, as filed.

Contract amount

Initial annual full-service rent of $230,175.00; rent abatement not to exceed $500,000 for tenant improvements

Contract type

FACILITIES

Contract term

Initial term of five (5) years, with two (2) options to renew for an additional two (2) years each; total duration not to exceed ten (10) years

Renewal

Two renewal options are available for an additional two years each. The new lease supersedes the existing February 19, 2025 lease and may include monthly rent credits during the initial term for qualifying improvements, with abatement capped at $500,000.

Document type

Resolution

Source document

City of Wilmington Resolution Resolution Authorizing the City Manager to Enter into a New Lease on the Fourth Floor of 115 N. Third Street with New Hanover Community Endowment, Inc. 2026-10-06

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City of Wilmington Staff Report Resolution Authorizing New Lease at 115 N. Third Street 2026-10-06

City of Wilmington Agenda 2026-10-06

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Wilmington?

New Hanover Community Endowment Inc was awarded this facilities contract by City of Wilmington, as recorded on October 2, 2026. The contract value is Initial annual full-service rent of $230,175.00; rent abatement not to exceed $500,000 for tenant improvements.

How much is the New Hanover Community Endowment Inc contract with City of Wilmington worth?

The New Hanover Community Endowment Inc contract with City of Wilmington is valued at Initial annual full-service rent of $230,175.00; rent abatement not to exceed $500,000 for tenant improvements, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Wilmington Resolution Resolution Authorizing the City Manager to Enter into a New Lease on the Fourth Floor of 115 N. Third Street with New Hanover Community Endowment, Inc. 2026-10-06 (Resolution), dated October 2, 2026 from City of Wilmington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Hanover Community Endowment Inc hold?

New Hanover Community Endowment Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View New Hanover Community Endowment Inc's profile

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