WILMINGTON, DE — CBRE announced that it has 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.
“We are pleased to have sourced Real Capital Solutions first investments in the Wilmington market, and, in fact, in the entire Philadelphia region,” said Jerry Kranzel, Senior Vice President in CBRE’s Philadelphia based Institution Office sales team.