Blockade Runner sets sale to go condo.

PositionEASTERN

Jim Wallace, president of Wilmington-based Intracoastal Realty, and Wilmington investor Keith Beatty bought Blockade Runner hotel in Wrightsville Beach and are converting it to condominiums. Each of the hotel's 120 rooms likely will cost between $350,000 and $400,000, which could bring sales to nearly $48 million. A $6 million renovation will begin in October, after the summer tourist season. Members of the two families that...

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