Faison Gibson Sutton

Member

(910) 218-7225
(910) 763-6561

Areas of Practice Agribusiness Real Estate & Development

Mrs. Sutton has a broad and varied commercial real estate practice.  She regularly assists real estate owners and developers in the acquisition, development, financing, subdivision, zoning, leasing and sale of real property, including the formation of planned communities, condominiums, timeshare and fractional interest projects, shopping center facilities, office complexes, mixed-use developments, and marina regimes. Mrs. Sutton represents both developers and owner associations on a wide variety of legal matters, including transition issues, amendment of community documents and resolution of community issues and disputes.  She negotiates and prepares all forms of real estate and loan documentation on behalf of purchasers, sellers, lenders, landlords and tenants. She counsels clients on compliance with the Interstate Land Sales Act and related state regulation of land sales, and she performs complex title examinations, including review of development and vested rights

Professional Experience

  • $44 million acquisition and development loan for the construction of a residential and commercial development encompassing 2,000 acres
  • $30 million joint venture for apartment and assisted living development
  • $22 million sale/leaseback transaction involving multiple medical offices
  • $10 million acquisition and loan for mixed use development including apartments
  • $8 million educational facilities revenue bond transaction
  • $4 million asset purchase transaction involving the sale and financing of property and assets located in six counties in Eastern North Carolina from multiple sellers in bankruptcy
  • Numerous asset purchase transactions involving both business assets and real estate including restaurants, hotels, marinas, car dealerships and self-storage facilities

Professional Activities & Affiliations

  • North Carolina Bar Association: Real Property Section; Zoning, Planning and Land Use Section
  • New Hanover County Bar Association: Member
  • Commercial Real Estate Women (CREW), Cape Fear Chapter: Member

Community Activities and Affiliations

  • Greater Wilmington Chamber Foundation – Board of Directors (2019 to present)
  • Wilmington Chamber of Commerce – Board of Directors (2014 to present)
  • St. James Parish Foundation, Inc. – Board of Directors (2012 – 2017)
  • The Hill School of Wilmington – Board of Directors (2012 – 2018)
  • Wilmington Children’s Museum – Board of Directors (2011 – 2013)

Honors & Awards

  • North Carolina Super Lawyers®–Rising Stars Edition magazine, 2013-2018
  • North Carolina Bar Association Leadership Academy, Class of 2013
  • Leadership Wilmington, Class of 2011

Education

Bar & Court Admissions

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