Charlotte Firm Buys Downtown Office In $15M Deal

A Charlotte-based investment firm bought a downtown Wilmington office building in a $15 million deal this week.

The purchase of 101 N. Third St., which closed on Thursday, marks Hilltide Capital’s first acquisition in the Wilmington market. While Hilltide’s portfolio is currently concentrated in the Triad region, principal Jason Tuttle said on Friday that the company is looking to grow its presence on the North Carolina coast.

Hilltide owns shopping centers, industrial properties and an office tower in the Triad area, along with marinas in Morehead City and Havelock, Tuttle said…

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