City Recommends New Hanover Endowment Lease
City of WilmingtonCity · Wilmington, NC- Disclosed value
- Initial annual full-service rent of $230,175.00; rent abatement not to exceed $500,000
- From agendapacket
- Document date
- Oct 6, 2026
The 30-second brief
The City of Wilmington recommends a new five-year full-service lease with New Hanover Community Endowment, Inc. for approximately 9,207 square feet at 115 N. Third Street. Initial annual rent is $230,175, with annual increases, renewal options and possible rent credits of up to $500,000 for qualifying improvements.
New Hanover Community Endowment Inc holds this facilities contract with City of Wilmington.
Term as filed: Initial term of 5 years, with 2 options to renew for an additional 2 years each; total duration not to exceed 10 years.
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Contract details
- Contract type
- Facilities
- Amount
- Initial annual full-service rent of $230,175.00; rent abatement not to exceed $500,000
- Document date
- October 6, 2026
- Term
- Initial term of 5 years, with 2 options to renew for an additional 2 years each; total duration not to exceed 10 years
- Agency
- City of Wilmington
- Source document
- City of Wilmington AgendaPacket 2026-10-06 (AgendaPacket)
New Hanover Community Endowment Inc's other public contracts
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Questions about this contract
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 6, 2026. The contract value is Initial annual full-service rent of $230,175.00; rent abatement not to exceed $500,000.
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, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Wilmington AgendaPacket 2026-10-06 (AgendaPacket), dated October 6, 2026 from City of Wilmington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is City of Wilmington currently buying?
Explore City of Wilmington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.