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CBRE arranges sale of two office bldgs. in Wilmington

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 Kaczowka, Brian Hopkins and Dan Reeder, who are based in the firm’s Wilmington office, also assisted with the sale. Joe Bowar and Scott McDonald of Real Capital Solutions represented the buyer. Located at 600 North King St., Courthouse Square is a 162,212 s/f newly renovated class A office building Rockwood Office Park, which consists of three, three-story office buildings totaling 204,725 s/f is located at 501, 503 and 505 Carr Rd. in Wilmington. 

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