WILMINGTON, DE —CBRE announced that it had arranged for the sale of Courthouse Square and Rockwood Office Park two office properties located in Wilmington, to Real Capital Solutions for an undisclosed sale price.
CBRE Capital Markets’ Institutional team members Robert Fahey, Jerry Kranzel, Erin Hannan and Jack Corcoran represented the seller, Pine Street Real Estate Holdings Corp. & Rockwood Office Park Associates, L.P., in the marketing and sales negotiations. CBRE’s John
Wilmington, DE — Harvey, Hanna & Associates, Inc. (HHA) formally announced the pending acquisition of the former General Motors Automobile Assembly plant located at 801 Boxwood Rd., Wilmington.
Boxwood Industrial Park, LLC, an affiliate company of HHA will acquire the 142 acre site from Wanxiang America Inc., which includes in excess of 3 million s/f of former automobile manufacturing space. Built in 1946, the site most notably served as the former General Motors Automobile
WILMINGTON, DE — Wilmington-based developer, The Buccini/Pollin Group, Inc. (BPG) is pleased to announce the next expansion of their MKT portfolio along the Market St. corridor. This marks a major moment for the area that has been progressing through a redevelopment that has seen great momentum over the last several years. In the last few weeks, BPG has acquired three new properties totaling over 60,000 s/f downtown that will be redeveloped into apartments above their ground
Wilmington, DE — Applied Bank announced the appointment of Carmen Facciolo Jr. to Applied Bank’s board of directors.
Carmen currently serves as the president of NAI Emory Hill Real Estate Services, Inc. and vice president of Emory Hill & Company, the construction division. Carmen has also served as NAI director for Emory Hill Real Estate Services since the company’s affiliation with NAI Global in 1997.
“Carmen’s vast experience in real estate and construction will add a v
Wilmington, DE —CBRE, Inc. has brokered two new leases to Courthouse Square in Wilmington, a sign that the ongoing renovations are attracting new tenants. K&L Gates LLP, one of the largest law firms in the world, has signed a lease for the ninth floor. Old Republic Title has leased space on the ground floor. CBRE’s John Kaczowka represented Courthouse Square in both transactions. “The renovations undertaken in Courthouse Square are creating an elegant and modern space that ha
Wilmington, DE — Patterson-Woods Commercial Properties/CORFAC International announced the completion of the sale of a restaurant business located at 110 South West St. in Wilmington. Progressive Growth, LLC, a local, family investment group with many diversified businesses, purchased the business, Firestone Roasting House Restaurant, for $1.275 million. The Seller, RFG Hospitality, LLC & RFG Restaurant Holdings LLC, also known as Rastelli Food Groups, is an industry leading f
WILMINGTON, DE — Medistar Corp. acquired a 264,000 s/f office building at 3 Beaver Valley Rd. in Wilmington for $61.8 million, marking the first mid-Atlantic investment for the Houston-based developer and investor. The class A building is 94% occupied with Farmers Insurance Exchange as the anchor tenant following significant recent lease-up efforts by Newmark Grubb Knight Frank (NGKF). NGKF Capital Markets represented both the buyer and seller, an entity controlled by KBS Rea
WILMINGTON, DE — Wilmington-based construction company, BPGS Construction is thrilled to announce the topping out of 627 MKT, located on Market St. in Downtown Wilmington. The building is a part of a larger-scale project which includes the development of 608 MKT containing 28 apartment units and 3,000 s/f of retail space, both of which are being developed for the Buccini/Pollin Group. Most recently occupied by Delaware State University, totaling 47,636 s/f, 627 MKT originally
WILMINGTON, DE — The American Institute of Architects (AIA) Delaware recently presented Becker Morgan Group with a 2014 Citation Award in the unbuilt category for William F. Cooke, Jr. Elementary School in Hockessin, DE and the 2014 Honor Award with a special citation in sustainable design for Dover Public Library. The awards recognize significant achievements by AIA members in the planning, design, and execution of architectural projects. The awards were presented at the 201
WILMINGTON, DE — Patterson-Woods Commercial Properties/CORFAC International, a full-service commercial real estate provider serving the Mid-Atlantic market, announced the completion of the sale of a restaurant building located at 805 North Union St. in Wilmington. The 4,575 s/f one-story building fronts Union St. in the heart of Wilmington's "Little Italy." The property was sold by T & M Properties & Union City Grill, LLC, a restaurant headed by Chef Matthew Curtis, to Bread