CBRE brokers two new major leases at Courthouse Square in Wilmington, Delaware
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 has immediately begun attracting major clients,” said Kaczowka, senior vice president with CBRE’s Wilmington, DE office. “The location proximate to the Courthouse and the U.S. Bankruptcy Court is ideal for a law firm like K&L Gates, and with the Double Tree Hotel next door this space will continue to attract clients across all fields of business.”
AIG, Courthouse Square’s owner, has invested $10 million in renovations, which are expected to be completed in the fall. Included in the renovations are: a new lobby, which includes a two-story glass atrium that will be added to the front of the building; all new elevators and elevator components; complete HVAC overhaul; exterior façade upgrades; new landscaping and additional outdoor seating; a new conference center on the top floor of the building; and a new fitness center on the ground floor.