NAI Emory Hill acquires fully occupied industrial property in Bear, Delaware

78,780 s/f industrial/flex property is located at 2020 Firedancer Lane

BEAR, DE — NAI Emory Hill, a member of the world’s premier network of commercial real estate firms, is pleased to announce the acquisition of a 78,780 s/f industrial/flex property located at 2020 Firedancer Lane in Bear, Delaware. The fully leased asset was purchased by an NAI Emory Hill-affiliated investment group managed by the company’s owners Carmen J. Facciolo, Jr., SIOR, M. Neil Killian, CCIM, SIOR, and Clayton Hill, CCIM, CPM. Emory Hill will manage, maintain, lease and provide construction services for the investment in the similar first-class fashion provided across its entire portfolio.

The block and steel-constructed building sits on 6.4 acres and includes sixteen loading docks and drive-in doors, and 22–24-foot clear warehouse heights. Originally constructed in 1983 and expanded in 2002, the building’s UDC-CR (Commercial Regional) zoning allows for both commercial and industrial uses. This flexibility supports the current tenant mix, which includes retail showroom spaces. Current tenants include Urban Furniture, Yumi Cabinet, GotShade Online, and MobilityWorks.

“This is yet another exciting addition to our growing portfolio of commercial properties,” said Clay Hill, partner and director of Property Management at Emory Hill. “2020 Firedancer is a prime example of a core asset type within Emory Hill’s existing portfolio, which the company continually seeks to acquire given its strategic location, diversified tenancy, and long-term value proposition. We look forward to enhancing the investment’s performance through our integrated property management, maintenance, construction and brokerage services.”

With the addition of this property, Emory Hill continues to build on its reputation as a leading Mid-Atlantic real estate services firm. Entering its 45th year, Emory Hill’s assets under management total over 5.3 million s/f across nearly 100 properties and more than 570 commercial tenants in Delaware, Pennsylvania, New Jersey, and Maryland. Valued at over $1 billion, the portfolio includes both Emory Hill-owned and third-party properties comprised of commercial, industrial, and multifamily assets.

Emory Hill’s industrial portfolio includes twenty properties in New Castle alone, most notably in the Pencader, Airport, Southgate, First State, and Interchange industrial parks.