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FOR
IMMEDIATE RELEASE
CONTACT: Duncan Patterson, Broker/President
(302)
622-3511 or dpatterson@pattersonprice.com
For
photo of Duncan Patterson: http://www.pattersonprice.com/agentinfo.asp?Last=Patterson&First=W%2E+Duncan
PATTERSON
REPRESENTED U.S. AS SPEAKER AT
INTERNATIONAL REAL ESTATE CONFERENCE
Topic:
The Impact of E-commerce
June
18, 2001, Wilmington, DE —
W. Duncan Patterson, Jr.,
CCIM, president of Patterson Woods Commercial Properties, in Greenville, Delaware, was a
featured speaker at the annual International Real Estate Conference (FIABCI) in Oslo,
Norway last week. Along with two other speakers who spoke about the retail real estate
markets in their countries, Patterson addressed more than 600 commercial real estate
practitioners about how e-commerce has impacted the retail real estate market.
“E-commerce
has the same influence in all of the countries world-wide,” noted Patterson. “We
all have a advantageous combination of traditional and technological retail markets.
”Patterson lectured that e-commerce, or online selling, has evolved from everyone
selling on the Internet in the late 1990s to the drop in technology stocks and venture
capital in the year 2000, preventing the Internet from becoming the “major
force” for retail sales. Consequently, he explained, retailers over expanded and
bankruptcies and closures were on the rise.
Obviously, Patterson justified, this situation indirectly impacts the retail real estate
market as real estate investors are restricting retail real estate as an investment. He
then noted that retail properties represented only 8% of all real estate investments for
2000, which was the weakest in years. In contrast, commercial real estate investments are
on the rise at 33%. Since money is flowing out of the stock market and into real estate
other than retail, Patterson believes that the real estate industry will continue to
prosper.
Patterson forecasted that, ultimately, the future of online and traditional retail sales
as well as the retail investment market is dependant on consumer confidence. Nonetheless,
despite the recent retail setbacks, Patterson suspects that the retail real estate
industry has a bright future.
A 25-year veteran in the development and sale of commercial and residential property, as
well as in real estate brokerage management, Patterson has been involved in the
disposition of real estate assets with a total value of $300,000,000. In 2000, he was the
president of the 12,000- member Commercial Investment Real Estate Institute. Patterson has
served the Institute in numerous capacities, including the vice chair or chair of several
committees, president of the
PA/DE/NJ chapter, and regional vice president. Serving his local community, Patterson is a
member of The Delaware Advisory Board of First Union Bank, the Board of Trustees of Tower
Hill School, the Governing Board of Winterthur Business Associates, the secretary of the
Delaware Thoroughbred Racing Commission, and chair of the Jefferson Scholarship of the
University of Virginia, Delaware Region. A graduate of the University of Virginia,
Patterson earned the CCIM designation in 1981.
“It’s remarkable how similar the retail markets are in the developed countries
throughout the world,” said Patterson.
For additional information or a free confidential consultation, please contact Patterson
at dpatterson@pattersonprice.com
or (302) 622-3511 or visit www.pattersonwoods.com.
Patterson Woods Commercial Properties, L.L.C. is Delaware’s
largest and leading commercial real estate broker.
The company offers a full scope of operations including the sale and lease of office,
industrial, retail and investment property as well as buyer and tenant representation,
property management, and business brokerage. A second-generation company with over 30
years of experience, Patterson Woods is licensed in the States of Delaware, Pennsylvania, Maryland,
and New Jersey. The company’s national network affiliations include SIOR
and CCIM. The main office is located at 3801 Kennett Pike, Building “D”, Suite
100, in Wilmington, DE 19807. For additional information, please call (302)
302-622-3500 or (800) 220-2738 or visit www.pattersonwoods.com.
# # #
MELLON
BANK CENTER TO MORGAN STANLEY
“Our new space will allow us to do a lot more business because it enables Morgan
Stanley to service its clients better,” H. Rodney Scott, a Morgan Stanley branch
manager. “I am looking forward to working with Bart on various projects in the
future.”
Upon finalizing the lease agreement, Mackey became the leasing representative for the 919
Market Street building, itself, which is owned by the Wilmington Center, LLC. Since then,
he has concluded a series of leases.
“The Mellon Bank Center has always been a well located building and has become an
exceptional facility with upgrades to its systems and public spaces. It’s proximity
to both I-95 and the Wilmington Amtrak Station offers tenants and their clients superior
accessibility,” said Mackey. “I am confident that the tenants will enjoy the
many benefits of the epicenter of Wilmington.”
For additional information about the available office space in the Mellon Bank Center,
please contact Mackey at 302-622-3515 or bartmackey@msn.com.
For inquires regarding Patterson
Woods, please call (302) 622-3500 or visit www.pattersonwoods.com.
Patterson Woods & Associates Properties, L.L.C. is Delaware’s
largest and leading commercial real estate broker.
The company offers a full scope of operations including the sale, lease and appraisal of
office, industrial, retail, land and investment property as well as buyer and tenant
representation, property management, and business brokerage. A second-generation company
with over 30 years of experience, Patterson
Woods is licensed in the States of Delaware, Pennsylvania, Maryland,
and New Jersey. The
company’s has various members accredited with designations of CBI, SIOR, CCIM, GRI
and RECS. The main office is located at 3801 Kennett Pike, Building “D”, Suite
100, in Wilmington, DE 19807. For additional information, please call (302)
302-622-3500 or (800) 220-2738 or visit www.pattersonwoods.com.
# # #
CONTACT:
Philip Hoge 302-622-3506
or
hoge@inet.net
MAC DIRECT
EXPANDS TO NEW DISTRIBUTION CENTER IN
NEW CASTLE THANKS TO PATTERSON WOODS
MAC DIRECT specializes in fulfillment delivery for major pharmaceutical manufacturers. The
center is an expansion for MAC DIRECT, who currently leases a 100,000 square foot office
in the Centerpoint Business Park. The center will also be located in the Centerpoint
Business Park at 220 Johnson Way, which is owned and developed by McConnell Development
Company. The new building is being constructed on the former Johnson Controls site.
“This is a great expansion for New Castle County since it will provide another 25 job
opportunities in the area,” said Hoge.
For additional information, please contact Hoge at 302-622-3506 or hoge@inet.net. For
inquires regarding Patterson
Woods, please call (302) 622-3500 or visit www.pattersonwoods.com.
Patterson Woods & Associates Properties, L.L.C. is Delaware’s
largest and leading commercial real estate broker.
The company offers a full scope of operations including the sale, lease and appraisal of
office, industrial, retail, land and investment property as well as buyer and tenant
representation, property management, and business brokerage. A second-generation company
with over 30 years of experience, Patterson
Woods is licensed in the States of Delaware, Pennsylvania, Maryland,
and New Jersey. The
company’s has various members accredited with designations of CBI, SIOR, CCIM, GRI
and RECS. The main office is located at 3801 Kennett Pike, Building “D”, Suite
100, in Wilmington, DE 19807. For additional information, please call (302) 302-622-3500 or (800)
220-2738 or visit www.pattersonwoods.com.
# # #
MUSI &
ANTHONY OF PATTERSON WOODS AWARDED
REAL ESTATE CYBERSPACE SPECIALISTS DESIGNATION
July
2, 2001, Wilmington, DE — Ken
Musi, office specialist, and John Anthony from Patterson Woods Commercial Properties were
recently presented with the professional designation RECS (Real Estate CyberSpace
Specialist). In order to qualify for the certificate, the agents participated in the
“Sell Like a Giant in Cyberspace" seminar in Pennsylvania conducted by John M
Peckham III CCIM, Executive Director of the Real Estate Cyberspace Society.
Designed to help the real estate professionals expand their business in an efficient and
effective manner, the seminar developed their individual and company potential for
harnessing the power of today’s Cyberspace tools. Topics of the seminar included:
·
How to get
started in Cyberspace NOW.
·
How to set up
your own custom CYBER MARKETING PLAN.
·
How to get
incredible – almost INSTANTANEOUS RESPONSES.
·
How to master
the SELLING POWER OF E-MAIL
·
How to
promote your self and your product—quickly and inexpensively
·
How to build
a Cyberspace clientele.
For further
information about the seminar, please visit www.recyber.com or call Charles Woods at (302) 472-4001.
Patterson Woods Commercial Properties, L.L.C. is Delaware’s
largest and leading commercial real estate broker.
The company offers a full scope of operations including the sale and lease of office,
industrial, retail and investment property as well as buyer and tenant representation,
property management, and business brokerage. A second-generation company with over 30
years of experience, Patterson Woods is licensed in the States of Delaware, Pennsylvania, Maryland,
and New Jersey. The company’s national network affiliations include SIOR
and CCIM. The main office is located at 3801 Kennett Pike, Building “D”, Suite
100, in Wilmington, DE 19807. For additional information, please call (302)
302-622-3500 or (800) 220-2738 or visit www.pattersonwoods.com.
The
Real Estate Cyberspace Society brings its members national cyberspace networking support
to their market area. Members receive the latest up to the minute evaluations of real
estate cyberspace strategies, tactics, tools, sites, and services of particular value to
them and the clients they serve. The society is headquartered in Boston, Massachusetts,
with members across the United States and in several countries throughout the world. The
society also serves its members and the public from its worldwide Internet office at www.recyber.com.
# # #
Contact Information
Our office hours are 8:30 AM to 5:15 PM EST Monday through Friday; other times by
appointment.
Telephone
302-622-3500
800-220-2738
302-622-3535 Fax
Office Address
3801 Kennett Pike, Bldg D Suite100, Greenville, Delaware 19807
Electronic mail
cgwoods@magpage.com
Licensed in the States of
DE, PA,MD,NJ