Burns & Wilcox announced the purchase of an office building located in Morehead City, North Carolina at 800 Arendell. The newly acquired building is already the home of the company’s Morehead City-based team.
Formerly owned by Wells Fargo Bank, the two-story building will undergo significant renovations over the next six months.
After renovations are complete, Burns & Wilcox will occupy the second floor, while the first floor will be leased to new tenants. The strategic purchase represents a significant upgrade in terms of office space, accommodating the company’s desire to attract top talent and support its growth expectations.
Burns & Wilcox is a specialty insurance broker based in Farmington Hills, Michigan. The North and South Carolina offices are known for their specializations in commercial, professional and personal specialty insurance, and their expertise in coastal and flood business.
Wells Fargo Bank was the owner and seller of the property. The deal was conducted by Kaufman Real Estate Management.
Topics North Carolina
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