Greg Ellis, CCIM:
-represented the tenant, Marlette Funding, in the lease of an 11,865 SF expansion at 1523 Concord Pike. The office now totals 22,600 SF.
-represented the landlord, 5301 Properties, LLC, in the lease of a 4,563 SF office space at 5301 Limestone Road.
Chris Moore:
-represented the landlord, Star Property Management, LLC, in the lease of a 3,648 SF office space at 1501 N Walnut Street.
-represented the seller in the sale of an 1,885 SF condo unit at 1401 Silverside Road in Wilmington, DE. Tom Ryan represented the buyer.
-represented the landlord, Riverfront Devleopment Corporation of Delaware, in the lease of industrial land at 401 Garasches Lane in Wilmington, DE.
Joe Latina:
–represented the buyer, VFC Properties 20, LLC, in the purchase of a 2,868 SF office building at 2100 Baynard Blvd in Wilmington, DE.
-represented the tenant, Mallard advisors, LLC, in the lease of an 1,848 SF office space at 7234 Lancaster Pike in Hockessin, DE.
Joe Latina and Mary Ann Heesters represented both the seller, Gallagher & Gallagher, Inc., and the buyer, Gilpincap, LLC, in the sale of a 2,240 SF retail building at 1801 Gilpin Avenue in Wilmington, DE.
Charles Woods represented the landlord, Inventive, LLC, in the lease of a 1,820 SF retail space at 3616 Kirkwood Highway in Wilmington, DE. Michael Willey represented the tenant, dba Premier Vapor & Lounge.
Tony Barigilo represented both the seller, Hessler Properties, Inc., and the buyer, MIA Holding, LLC, in the sale of a .94 AC piece of land at 199 Philadelphia Pike in Wilmington, DE.
Bart Mackey represented the sublessee, J. Howard Kennedy Company, Inc., in the sublease of a 1,473 SF space at 544 Kennett Pike in Chadds Ford, PA.
Vincent White represented the tenant, New Venture Fund, in the lease of a 900 SF office space at 300 Water Street in Wilmington, DE.
Mike Willey represented the tenants, Elizabeth Bowman and Devon Dyal in the lease of a 630 SF office space at 2644 Capitol Trail in Newark, DE.
Dan Lesher represented the landlord, West Park Place Offices, LLC, in the lease of two office spaces, 358 SF and 473 SF, at 226 W Park Place in Newark, DE.
Wilmington, DE (February 5, 2016) – Patterson-Woods Commercial Properties/CORFAC International, a leading full-service commercial real estate provider serving the Mid-Atlantic market, today disclosed the completion of a new 65,941 square foot office lease for the U.S. Bankruptcy Court for the district of Delaware at 824 N. Market Street in Wilmington, DE.
The U.S. Bankruptcy Court premises comprise the 3rd, 5th, and 6th floors and a portion of the 2nd floor of the 196,969-square-foot office building, which is owned by NNN 824 North Market Street, LLC. The new 10-year U.S. Bankruptcy Court lease has a gross value of $20.4 million. Although the Courts were an established tenant, due to the scope of the commitment the General Services Administration (GSA) dictated the protocol for a new negotiated lease agreement.
Bart Mackey, Principal at Patterson-Woods, represented the landlord and negotiated directly with the General Services Administration, the Courts’ representative, in the lease transaction. There were no other brokers involved in the transaction.
“The quality of the existing highly improved infrastructure and a central location were contributing factors to the Courts decision making,” said Mackey. “After a thorough evaluation and a partial footprint consolidation, the Courts committed to continued tenancy by a new 10-year lease at 824 N. Market Street.”
The U.S. Bankruptcy Court now occupies approximately 33% of the building. In addition to office tenants, the building’s retail level tenants include local stalwart Brew Ha Ha!, Jimmy John’s Gourmet Sandwiches and a Santander Bank branch.
About Patterson-Woods Commercial Properties/CORFAC International:
Patterson-Woods Commercial Properties/CORFAC International is a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets. We have been providing the most complete selection of commercial real estate services to the communities of Delaware, Maryland and Pennsylvania for over 50 years. Patterson-Woods Commercial Properties is a second generation company well known for facilitating solutions to the needs of the business community and developers of real property. For more information on Patterson-Woods/CORFAC International, contact the company's Wilmington, Delaware headquarters at 302-622-3500 or visit www.pattersonwoods.com
About CORFAC International
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. CORFAC has 49 offices in the U.S., 7 in Canada and 25 offices internationally. Founded in 1989, CORFAC firms completed (in 2014) more than 10,000 lease and sales transactions totaling 400 million square feet of space valued in excess of $7.4 billion. For more information on the CORFAC network, call the Chicago headquarters at 224.257.4400 or visit www.corfac.com.
Wilmington, DE (January 29, 2016) – Patterson-Woods Commercial Properties/CORFAC International, a leading full-service commercial real estate provider serving the Mid-Atlantic market, today announced the completion of a 4,030 sq. ft. retail lease on behalf of Exodus Escape Rooms, LLC at 1708 & 1704A Marsh Road in Wilmington, Delaware.
Exodus will occupy the first floor of the 1,600 square foot office and 2,430 square feet of the 2nd floor of the building, which is owned by Regency Centers. Rich Dudek, Principal at Patterson-Woods, represented the tenant in this transaction. Pat Gioffre of Gioffre Commercial Realty, LLC represented the landlord.
Exodus Escape Rooms is an entertainment company that provides a real life, interactive game where guests are given the task of solving puzzles, cracking codes and working together in order to find a way to escape a locked room. Each room is set to a different theme, such as Sherlock Holmes or Pirates of the Caribbean. The company decided to take on the North Wilmington market following the success of their Main Street location in Newark, DE, where they currently have six themed rooms. They plan to open the North Wilmington location in February 2016.
“The owner’s goal was to service all his existing clients and to bring his escape rooms to the Northern Delaware and Southern Pennsylvania residents and businesses. He is very excited to roll out many new rooms.” said Dudek.
About Firm Name/CORFAC International:
Patterson-Woods Commercial Properties/CORFAC International is a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets. We have been providing the most complete selection of commercial real estate services to the communities of Delaware, Maryland and Pennsylvania for over 50 years. Patterson-Woods Commercial Properties is a second generation company well known for facilitating solutions to the needs of the business community and developers of real property. For more information on Patterson-Woods/CORFAC International, contact the company's Wilmington, Delaware headquarters at 302-622-3500 or visitwww.pattersonwoods.com
Wilmington, DE (January 29, 2016) Patterson-Woods Commercial Properties/CORFAC International, a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets, today announced record sales and leasing activity in 2015, echoing a report by Real Capital Analytics that the national commercial real estate market had its biggest year since 2007.
The largest sale and lease transactions of the year were in the office market. Patterson-Woods represented both the seller and the buyer in the sale of a 455,000 sq. ft. office complex spanning 36 acres at Barley Mill Plaza in Wilmington, DE. The buyers, Odyssey Charter School, Inc., purchased the site for their K-12 school. Patterson-Woods also represented the landlord in a 65,941 sq. ft., ten-year lease of 824 N Market Street. The tenant, U.S. Bankruptcy Court, occupies approximately 33% of the building.
Other significant transactions in 2015 include Patterson-Woods’ representation of the following:
The buyer of a 6.84 AC purchase of a school at 326 Ruthar Drive in Newark, DE.
The buyer of a 43,420 sq. ft. purchase of a retirement home at 1632-1565 W Allen Street in Allentown, PA.
The seller of a 78,800 sq. ft. sale of an industrial property at 2012 Firedancer Lane in Bear, DE.
The tenant of a ten-year, 10,000 sq. ft. lease at 405 Old DuPont Road.
The seller of a retail/investment property at 20859 Coastal Highway in Rehoboth Beach, DE.
The landlord and tenant of a 28,000 sq. ft. lease of a school at 181 Stanton Christiana Road in Wilmington, DE.
The landlord and tenant of a 27,175 sq. ft. lease of a school at 2201 W 2nd Street in Wilmington, DE.
The buyer and seller of an 18,000 sq. ft., 20-unit multifamily complex at 420-458 Smyrna-Clayton Boulevard in Smyrna, DE.
The seller of a 13,000 sq. ft. investment property at 700-750 Barksdale Road in Newark, DE.
The tenant of a 10,735 sq. ft. office lease at 1523 Concord Pike in Wilmington, DE.
About Patterson-Woods Commercial Properties /CORFAC International:
Patterson-Woods Commercial Properties/CORFAC International is a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets. We have been providing the most complete selection of commercial real estate services to the communities of Delaware, Maryland and Pennsylvania for over 50 years. Patterson-Woods Commercial Properties is a second generation company well known for facilitating solutions to the needs of the business community and developers of real property. For more information on Patterson-Woods/CORFAC International, contact the company's Wilmington, Delaware headquarters at 302-622-3500 or visit www.pattersonwoods.com
Tony Bariglio and Steve Burris represented the buyer, Lairson Enterprises, LLC, in the purchase of a 5,600 sq. ft. retail space at 100 Buckley Boulevard in Bear, DE.
Greg Ellis, CCIM, represented the buyer, Greenhill 100, LLC, in the purchase of a .02 AC parcel at 200 W 13th Street in Wilmington, DE.
Dan Lesher represented both the landlord, Hockessin Associates, LLC, and the tenant, Fite LLC, in the lease of a 1,000 sq. ft. office space at 1304 Old Lancaster Pike in Hockessin, DE. Lesher also represented both the landlord, Park Place Offices, LLC, and the tenant, Zakat Foundation Organization, in the lease of a 1,541 sq. ft. space at 226 W Park Place in Newark, DE.
Bart Mackey represented both the landlord, DRAVOCO, LLC, and the tenant, Dr. Chambers-Mobley, in the lease of a 1,516 sq. ft. office medical space at 2323 Pennsylvania Avenue in Wilmington, DE. Mackey also represented the tenant, J Howard Kennedy Co., in the lease of a 1,473 sq. ft. space at 544 Kennett Pike in Chadds Ford, PA. The lease starts Feb 1.
Charlie Woods and Michael Woods represented the landlord, Inventive, LLC, in the lease of a 1,541 sq. ft. space at 3616 Kirkwood Highway. Greg Ellis, CCIM, and Michael Willey represented the tenant, Office Alt, Inc.
About Patterson-Woods Commercial Properties/CORFAC International:
Patterson-Woods Commercial Properties/CORFAC International is a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets. We have been providing the most complete selection of commercial real estate services to the communities of Delaware, Maryland and Pennsylvania for over 40 years. Patterson-Woods Commercial Properties is a second generation company well known for facilitating solutions to the needs of the business community and developers of real property. For more information on Patterson-Woods/CORFAC International, contact the company's Wilmington, Delaware headquarters at 302-622-3500 or visit www.pattersonwoods.com
About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International offers commercial real estate services with market reach in 48 countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion in 2014. For more information on the CORFAC network, visit www.corfac.com
Charitable Gift of Real Estate Can Be Win-Win
http://www.delawarebusinesstimes.com/charitable-gift-of-real-estate-can-be-win-win/
Tony Bariglio represented the seller, FJEF Leasing LLC, in the sale of a 3,628 sq. ft. office space at 139 E Chestnut Hill Road in Newark, DE.
Rich Dudek represented the tenant, Guardian Environmental Services Company, in the lease of a 6,300 sq. ft. industrial space at 70 Albe Drive in Newark, DE.
Greg Ellis, CCIM, represented both the landlord, Greenhill 100 LLC, and the tenant, DHT Happiness, LLC in the lease of a 953 sq. ft. office space at 120 Greenhill Ave. The space, a small cottage, sits within a mixed-use complex consisting of warehouse space, offices, and a daycare. There are still two second-floor office spaces available for lease. Click for more information. Ellis also represented the landlord, Rockford Limestone LLC, in the lease of a 1,170 sq. ft. office space at 5301 Limestone Road in Wilmington, DE.
Joe Latina represented the tenant, Chester County SPCA, in the lease of a 12,560 sq. ft. retail space at 600 South Street in New Castle, DE.
Bart Mackey represented the landlord, Artisans’ Bank, in the lease of a 1,992 sq. ft. office space at 2961 Centerville Road. This suite is part of Red Clay Center. Mackey also represented the tenant, DCC Design Group, in the lease of a 1,185 sq. ft. office space at 1601 Concord Pike in Wilmington, DE. This space is part of Independence Mall.
Chris Moore represented both the landlord, Printz Gov LLC, and the tenant, Davey Tree Expert Co., in the lease of a 15,000 sq. ft. industrial space at 6515 Governor Printz Boulevard in Wilmington, DE.
Vincent White represented the tenant, Fruit Creations, Inc., in the lease of a 1,000 sq. ft. space at 1512 Philadelphia Pike. White also represented both the landlord, McDermott Properties, and the tenant, Bright Beginnings Learning Academy, in the lease of a 8,345 sq. ft. daycare at 111 Cleveland Ave in Wilmington, DE.
October brought an abundance of retail, office, and industrial leases.
Rich Dudek represented:
Greg Ellis, CCIM, represented the landlord, Greenhill 100, LLC, in the lease of two spaces at 100 Greenhill Avenue – 2,488 sq. ft. and 1,160 sq. ft. flex spaces.
Tony Bariglio represented both the landlord, RDR, LLC, and the tenant, Sassy Beauty Supply, in the lease of a 2,250 sq. ft. retail space at 17 Lea Boulevard in Wilmington, DE.
John Osborn and Gary Lowe represented both the landlord, Delaware Curative Workshop, and the tenant, ATI Holdings, LLC, in the lease of a 1,356 sq. ft. office space at 1600 Washington Street in Wilmington, DE.
Dan Lesher represented the seller, International Reading Association, in the investment sale of a 13,000 sq. ft. building at 700-750 Barksdale Road in Wilmington, DE. Chris Whitfield of Capital Commercial represented the buyer.
Joseph Latina, Principal at Patterson-Woods Commercial Properties/CORFAC International, has been elected as an At-Large Elected Member of the Executive Committee at CORFAC International, an organization comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services.
Latina was elected at the CORFAC Fall Summit in Minneapolis, MN in September 2015. As a member of the Executive Committee, he will contribute to overseeing all other committees and boards, vote on business, policy and budget related issues, and everything CORFAC related.
Latina specializes in retail and investment commercial real estate with a strong emphasis in the food and beverage sector. He has been named several times to the “Dozens” National Sales Award, which includes the top 5% of producing brokers nationwide. He has been awarded Delaware Today Magazine’s Five Star Real Estate Award for Customer Service every year consecutively since 2010. In addition to being a member of the Executive Committee, Latina is an active participant in CORFAC’s Retail Services Group.
About Patterson-Woods Commercial Properties/CORFAC International:
Patterson-Woods Commercial Properties/CORFAC International is a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets. We have been providing the most complete selection of commercial real estate services to the communities of Delaware, Maryland and Pennsylvania for over 40 years. Patterson-Woods Commercial Properties is a second generation company well known for facilitating solutions to the needs of the business community and developers of real property. For more information on Patterson-Woods/CORFAC International, contact the company's Wilmington, Delaware headquarters at 302-622-3500 or visit www.pattersonwoods.com
About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International offers commercial real estate services with market reach in 48 countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion in 2014. For more information on the CORFAC network, visit www.corfac.com
Wilmington, DE (September 23, 2015) – Duncan Patterson, President, Greg Ellis, CCIM and Joseph Latina, all Principals at Patterson-Woods Commercial Properties/CORFAC International, recently attended the CORFAC International 2015 Fall Summit in Minneapolis.
CORFAC, a global company comprised of privately held entrepreneurial firms with expertise in real estate leasing, investment sales, acquisitions, dispositions, property management, and corporate services, organizes a Fall and Spring summit annually. The Fall summit took place from September 9th through September 12th and hosted both domestic and International members of the organization.
Patterson-Woods has been a member of CORFAC International for over twelve years. During the Fall summit, the company was awarded with a Platinum CORFAC International Award, reflecting the company’s commitment to CORFAC branding and participation, for the third consecutive year.
In addition to networking activities like a Segway tour of Downtown Minneapolis and golf at Rush Creek, the Summit held panels discussing a variety of topics including technology in the commercial real estate industry, cultivating millennial and “next-gen” brokers, and international networking.
About Patterson-Woods Commercial Properties/CORFAC International:
Patterson-Woods Commercial Properties/CORFAC International is a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets. We have been providing the most complete selection of commercial real estate services to the communities of Delaware, Maryland and Pennsylvania for over 40 years. Patterson-Woods Commercial Properties is a second generation company well known for facilitating solutions to the needs of the business community and developers of real property. For more information on Patterson-Woods/CORFAC International, contact the company's Wilmington, Delaware headquarters at 302-622-3500 or visit www.pattersonwoods.com
About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International offers commercial real estate services with market reach in 48 countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion in 2014. For more information on the CORFAC network, visit www.corfac.com
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