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Skyline Center Boosts City Revenue | Wilmington News

Skyline Center Boosts City Revenue | Wilmington News

Published 6 days, 19 hours ago
Description

Wilmington’s Skyline Center is heating up as city leaders and big-name tenants move in — U.S. Senator Ted Budd’s new constituent office just got approved, while TOVA Wealth Management is expanding its footprint, both boosting rent revenue for the city. Bought for $68 million last year, the 12-story tower is now over 85% leased, generating more than $20 million in income — helping fund operations while bringing city services under one roof. With plenty of space still available, the city’s ambitious plan to merge departments and monetize real estate is clearly gaining traction.

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