Coldwell Banker Sea Coast Advantage Set to Break Ground on New Jacksonville Headquarters

by seacoast_ashley 16. July 2012 04:01

Coldwell Banker Sea Coast Advantage and H&H Homes are making a strong investment in the future of Jacksonville and Onslow County. The two companies have joined forces to develop a new office building on Western Boulevard in Jacksonville.

Officials of both companies will gather with local dignitaries and business leaders on July 17 at 10 a.m. for a groundbreaking celebration, according to Tim Milam, president of Sea Coast Advantage.

The two-story, 12,000 square foot facility will serve as Jacksonville/Onslow County headquarters for both companies, Milam said. The building is expected to be ready for occupancy by October 2012. Other tenants include Alpha Mortgage, Baker & Colby, Sea Coast Properties and Brewed Awakenings. The building – located at 2355 Memorial Boulevard – brings together Jacksonville’s number one real estate brokerage firm and one of the area’s top home builders.

Through June of this year, Sea Coast Advantaged has generated a market-leading total of more than $55 million in sales, according to Broker-in-Charge Carmen Wilkinson.

Sea Coast Advantage led the Jacksonville/Onslow market last year with more than $125.9 million in residential sales, representing a market share of 10.8 percent, she reported.

The new offices will provide office space for more than 50 Sea Coast Advantage agents and support personnel – double its current complement in Jacksonville/Onslow County, Milam commented.

“This new office building symbolizes our commitment to expand in Jacksonville and Onslow County, which is one of the strongest and fastest-growing markets in the entire state,” Milam said.

“Jacksonville and Onslow County are critically important in our company’s long-range expansion plans, and we are determined to build on our position as the top-ranked real estate brokerage firm in the area.”

H&H Homes has also targeted the Jacksonville/Onslow market as a crucial element of its growth strategy, according to company executive Rodney Baker.

H&H currently has eight neighborhoods under development in Jacksonville/Onslow County, including five exclusively represented by Sea Coast Advantage Realty – Southpointe at Carolina Forest, Vista Cay Village, Peggy’s Cove at Southbridge, Mimosa Bay and Saltwater Landing. It is also building in Sterling Farms, Towne Pointe and Pinnacle Ridge.

Headquartered in Fayetteville, H&H is one of the leading home builders in the Jacksonville/Onslow market, with 50 sales so far in 2012. In 2011, it ranked as the country’s 60th largest home builder, with 405 closings for $102 million in sales volume.

Headquartered in Wilmington, Coldwell Banker Sea Coast Advantage has emerged as the fastest-growing real estate brokerage firm in North Carolina. Last November, it merged with Coldwell Banker Advantage Realty of Raleigh and Fayetteville to create the state’s third largest brokerage, with over 600 agents, 26 sales offices and more than $1.3 billion in transactions in 2011, Milam reported.



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