York, PA — Markward Group announced its successful representation of Viking Range, LLC, a division of Middleby Residential, in securing a lease for a 204,269 s/f facility in York. This significant achievement is a testament to Markward Group's expertise in the real estate industry and their commitment to delivering tailored solutions to their clients.
Del Markward, SIOR principal/broker of Markward Group, lead the search and lease negotiations in facilitating the transaction between Viking Range, LLC, and the landlord, Core5 at Codorus Creek B, LLC, represented by Cushman Wakefield. Brad Pope of Hailey Real Estate also provided expertise in the transaction. The collaboration between all parties in conjunction with Viking Range, LLC, resulted in the selection of the exacting facility and lease terms that align with Viking's strategic goals.
Vladimir Salazar of Middleby Residential/Viking expressed his satisfaction with the partnership, stating, "Viking was pleased with the speed and attention to detail provided by our real estate agents and the location and quality product we landed. It fit our logistics model and financial structure that we were seeking."
Viking Range plans to utilize this facility to distribute high-end home appliances throughout the northeastern and mid-Atlantic regions of the United States. The location was chosen with meticulous consideration, as it enables Viking to efficiently serve 25% of the U.S. population within a one-day delivery schedule, a feat crucial for their distribution strategy.
About Viking Range, LLC:
Under the leadership of The Middleby Corporation, Viking Range, LLC has continued to excel in new product development initiatives. Their product offerings encompass the entire kitchen, both indoors and outdoors. Viking's strategy is to incorporate innovative cooking features and technology from other Middleby brands into the Viking residential line, resulting in high performance products that empower consumers to cook like professional chefs at home.
Markward Group, known for its commitment to serving landlords, tenants, and investors in the commercial and industrial real estate market, specializes in sales, leasing, development, and financing of commercial, retail, and industrial properties. They are an active member of the Society of Industrial and Office Realtors (SIOR), an organization that represents the highest standard in the commercial real estate industry.