Notable Transactions Archives - Page 3 of 7 - Commercial Real Estate Services, Wil, Wilmington, DE, Patterson Woods

Wilmington, DE (June 7, 2018) – Patterson-Woods Commercial Properties/CORFAC International, a leading full-service commercial real estate provider serving the Mid-Atlantic market, today announced the completion of the sale of 3.19 acres of land located at 144-146 S DuPont Highway in New Castle, DE.

The property was sold to Premier A-2 NC, DE LLC for $1.55 million, who plans to build an 84,000 square foot fully climate controlled state-of-the-art self storage facility.

Patterson-Woods Principal, Greg Ellis, CCIM, represented the seller in this transaction and Dan Hudak, SIOR, of MacKenzie Commercial Real Estate Services represented the buyer.

The purchased land, consisting of three parcels, has 280’ of frontage on Route 13 and is near the 13 and Route 273 intersection.

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 brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 46 firms in the U.S., six in Canada and 27 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.0 billion in 2017.

Local Press contact: Allison Terranova | 302.622.3506 | terranova@pattersonwoods.com

Wilmington, DE (May 3, 2018) – Patterson-Woods Commercial Properties/CORFAC International Principal, Joseph Latina, represented Middletown 2SP, LLC, dba Two Stones Pub, in the lease of their first Middletown, Delaware location at 840 Kohl Avenue in Hedgelawn Plaza. The lease includes 4,766 sq. ft. of retail space with an additional outdoor patio space of 648 sq. ft.

This will be the company’s sixth store since their flagship location in Newark in 2011. Their other locations include Wilmington and Hockessin in Delaware and Jennersville and Kennett Square in Pennsylvania. Two Stones Pubs are known for their wide variety of craft beer and upscale twists on traditional pub fare. In 2015, Two Stones launched its own brewery, 2SP Brewing Company, in Aston, PA.

Two Stones Pub had identified Middletown, Delaware as a strong growth market for their brand and has been actively looking for the best location available to serve the growing population. They feel that the strategically located Hedgelawn Plaza with its high visibility, easy access off the new Route 301 Bypass Road and centralized location amongst the flourishing development of retail and multi-family is the perfect fit.

The Middletown location will have seating for 200 guests indoors in addition to a 40-seat outdoor patio. The pub is slated to open by the end of 2018.

Latina, a retail and investment specialist with an emphasis in food and beverage has been the exclusive tenant broker for Two Stones Pub since 2011.

“It is once again a privilege and honor to work with owner/chef Michael Stiglitz and his team to continue to grow his quality brand. Michael’s creativeness, attention to detail and high-quality food and craft brews are the keys to Two Stones Pub’s continued success and sustainable growth.”, said Latina.

About Patterson-Woods Commercial Properties/CORFAC International

About CORFAC International

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 47 firms in the U.S., five in Canada and 27 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 11,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.5 billion in 2016. Contact CORFAC at (224) 257-4400 or www.corfac.com.

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Patterson-Woods Commercial Properties/CORFAC International Facilitates $1.895 Million Sale of an Office Building in Wilmington, DE

Wilmington, DE (January 31, 2018) – Patterson-Woods Commercial Properties/CORFAC International, a leading full-service commercial real estate provider serving the mid-Atlantic market, today announced the completion of the sale of an office building located at 913 Delaware Avenue in Wilmington, DE. The single-story building measures 8,100 square feet and sits on 0.5 acres of land.

The property was sold by Washington Street Realty Company, LLC, a Delaware-based investor, to 913 Delaware Avenue, a Series of KD Financial, LLC, for $1.895 million.

Bart Mackey, a Principal at Patterson-Woods, represented the seller in this transaction. The parties settled on January 11, 2018.

The 913 Delaware Avenue property was built in the 1940's and served as an A & P grocery store for 30 years. In the early 1970's, the property was purchased and reconfigured to serve as the flagship office for Patterson-Schwartz Real Estate, where they remained for 35 years. For the past 10 years, the property has been a renal care facility and is currently flagged as a U.S. Renal Care location.

"This prime Delaware Avenue and I-95 exit location has changed ownership for just the second time in almost 80 years," stated Mackey. "The circumstance was right for the seller and the buyer."

About Patterson-Woods Commercial Properties/CORFAC International

About CORFAC International

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 47 firms in the U.S., five in Canada and 27 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 11,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.5 billion in 2016. Contact CORFAC at (224) 257-4400 or www.corfac.com.

Rich Dudek represented the seller, 1225-600 King Street, LLC, in the sale of a 2,200 SF office condo at 1225 N King Street, Suite 6, in Wilmington, DE.

Vincent M. White represented the tenant, a State Farm agent, in the lease of a 1,340 sq. ft. office space at 2504 Red Lion Road in Bear, DE.

Dan Lesher represented the landlord, West Park Place Offices, LLC, in the lease of a 473 sq. ft. and a 949 sq. ft. office space at 226 W Park Place in Newark, DE.

Greg Ellis, CCIM, represented the landlord, Greenhill 100, LLC, in the lease renewal of a 1,160 sq. ft. flex space at 100D Greenhill Ave in Wilmington, DE.

Marvin Sachs and Joe Latina represented both the landlord and the tenant in the lease of a 2,384 sq. ft. restaurant at 3145-3147 DuPont Parkway in Townsend, DE.

Rich Dudek represented the landlord, Newark Development Group, in the lease of a 1,000 sq. ft. retail space at 276 E Main Street in Newark, DE.

Vincent M. White represented the landlord, St. Matthew's Church, and the tenant, Sports Academy, in the lease of a 13,000 sq. ft. gymnasium space at 807 E. Newport Pike in Wilmington, DE.

Wilmington, DE (September 1, 2017):

Office

Greg Ellis, CCIM, represented the landlord, Diver-Grant Union Properties, LLC, in th elease of a 2,384 sq. ft. office space at 1300 Grant Avenue, Suite 100, in Wilmington, DE/ The tenant is the Leukemia and Lymphoma Society, Inc.

Rich Dudek represented the landlord, Farhi Properties, LLC, in the lease of an 1,800 sq. ft. office at 408 Larch Circle in Wilmington, DE.

Industrial

Joseph Latina represented the tenant, Unifirst, in the lease of a 23,013 sq. ft. industrial space at 59 Lukens Drive in New Castle, DE.

Vincent M. White represented the buyer, Lodge Street, LLC, in the purchase of a 9,200 sq. ft. industrial building at 3011 W 2nd Street in Chester, PA.

Vincent M. White represented the seller, Lodge Street Associates, in the sale of a 3,800 sq. ft. industrial building in Wilmington, DE.

Patterson-Woods Commercial Properties/CORFAC International Represents El Diablo Burritos in Fourth Delaware Lease

Wilmington, DE (August 11, 2017) – Patterson-Woods Commercial Properties/CORFAC International Principal, Joseph Latina, represented El Diablo Burritos, a Delaware-based fast-casual Mexican restaurant, in the lease of their fourth location at 5329 Limestone Road in Pike Creek, DE. They occupy a 1,900 sq. ft. retail space, formerly a Berri Yummi, in the Shops at Limestone Hills. They opened on July 7.

Latina, a retail and investment specialist with an emphasis in food and beverage, has been the exclusive tenant broker for El Diablo since they opened their North Wilmington store in Branmar Plaza, and more recently their store on Newark’s Main Street. Their flagship store in Trolley Square opened in 2010.

“It was a pleasure to work with Dean and his team on their newest location. Their ‘hands on’ approach and attention to detail and the customer experience is the key to their continued success and growth,” said Latina.

El Diablo offers tacos, quesadillas, salads, burritos and bowls along with a variety of unique toppings and sides. They also provide catering. Their decision to expand was prompted by the popularity of fast-casual Mexican restaurants, their proven model in target markets, and their well-known brand. “We are very happy to open our fourth location in Pike Creek, Delaware, and are looking forward to continued, sustainable growth in the future,” said Dean Vilone, owner and founder.

About Patterson-Woods Commercial Properties/CORFAC International

About CORFAC International

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail properties, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. CORFAC has more than 80 offices throughout the Americas, Europe and Asia and in 2016 was recognized as a “Top 20” Commercial Real Estate Brokerage Services firm by the National Real Estate Investor. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions in 2015 totaling 500 million square feet of space valued in excess of $8.5 billion. For more information on the CORFAC network, call the Chicago headquarters at 224.257.4400 or visit www.corfac.com.

Wilmington, DE (August 4, 2017) –

Office

Greg Ellis, CCIM, represented Arthur Hall Insurance in the sublease of a 2,578 sq. ft. office suite at 7450 Lancaster Pike, Suite 201, in Hockessin, DE.

Rich Dudek and Michael Willey represented the seller, NAN Properties, LLC, in the sale of a 2,376 sq. ft. office condo at 625 Barksdale Road in Newark, DE.

Rich Dudek represented the landlord, Dockside Properties, and the tenants in the lease of two office spaces at 222 Philadelphia Pike. Bio-Media Communications, a specialized media production company, has leased Suite 8, a 1,500 sq. ft. space. Bellevue Remodel & Design, LLC, an interior and exterior remodeling company, now occupies Suite 9, a 690 sq. ft. space. There are two remaining spaces for lease in this office building – Suite 4 (1,600 sq. ft.) and Suites 13-17 (2,706 sq. ft).

Dan Lesher represented the landlord, DMG Properties, LLC, in the lease of two 1,000 sq. ft. office suites at 1302 Old Lancaster Pike in Hockessin, DE.

Retail

Chris Moore, CCIM, and Rich Dudek represented the landlord, SF III Vineyard Way, LLC, in the lease of a 3,073 sq. ft. retail space at 301 Vineyard Way in Jenners Commons Business & Professional Village in West Grove, PA. There is one space remaining that could be split into two units with a maximum of 4,600 sq. ft. Over the last year, Moore and Dudek have leased over 29,672 sq. ft. at this highly desirable location.

Tom Ryan represented the landlord, Linn Hoopes, Jr., in the lease of a 1,200 sq. ft. retail space at 2204 Grubb Road in Wilmington, DE. The tenant is Polish Salon.

Industrial

Rich Dudek represented both the landlord, GTCA Properties, LLC, and the tenant, Glass Doctor of Delaware, in the lease of a 2,000 sq. ft. space at 13 King Court, Unit 1, in New Castle, DE.

Land

Greg Ellis, CCIM, represented the seller, Green Bunny, LLC, in the sale of a .90 +/- AC parcel at 107 S. DuPont Highway in New Castle, DE.

Multifamily

Rich Dudek represented the buyer, Digenakis Properties, LLC, in the purchase of a 20-unit multifamily building at 202-206 Ayre Street in Wilmington, DE.

About Patterson-Woods Commercial Properties/CORFAC International

About CORFAC International

Local Press contact: Allison Terranova | 302.622.3506 | terranova@pattersonwoods.com

See Delaware Business Now Article: https://delawarebusinessnow.com/2017/09/80651/

Wilmington, DE (Jun 9, 2017) – 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 1,200 sq. ft. lease on behalf of Walt’s Flavor Chicken Express in Wilmington, DE.

After decades in various city locations, Walt’s Flavor Express Chicken, the well-known Wilmington takeout, has opened a second location in a 1,200 sq. ft. retail space in Carpenter Plaza Shopping Center at 50 Carpenter Station Road in Wilmington, DE.

Patterson-Woods agent Tom Ryan represented the tenant in the lease negotiations. Anthony Medori, of Medori Realty, represented the landlord.

Walt’s is a local favorite and has been voted “Best of Delaware” by Delaware Today in years past. The new location offers the same menu as their 103 North Lincoln Street store in Wilmington.

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 properties, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. CORFAC has more than 80 offices throughout the Americas, Europe and Asia and in 2016 was recognized as a top 20 Commercial Real Estate Brokerage Services firm by the National Real Estate Investor. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions in 2015 totaling 500 million square feet of space valued in excess of $8.5 billion. For more information on the CORFAC network, call the Chicago headquarters at 224.257.4400 or visit www.corfac.com

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Chris Moore represented the seller, Owl’s Nest Properties, LLC, in the sale of a 12,500 sq. ft. office building at 715 N King Street in Wilmington, DE. The purchaser, Our Saviors University Properties, LLC, provides online and distance learning with locations around the world. http://www.saviorsuniversity.com/

Greg Ellis represented the tenant, Nash Omniscaping, in the lease of a 7,200 sq. ft. industrial space at 118 Valley Road in Wilmington, DE. http://www.omniscaping.com

Tony Bariglio represented both the landlord, Hessler Properties, Inc., and the tenant, Sir Speedy Printing, in the lease of a 4,800 sq. ft. retail space at 1020=D N Union Street in Wilmington, DE. www.sirspeedy .com /

Rich Dudek represented the landlord, Biagio Enterprises, Inc., in the lease of a 3,000 sq. ft. retail space at 7 Trolley Square. Tony Bariglio represented the tenant, Dino’s Steaks, an authentic Philly cheesesteak shop, in this transaction. https://www.dinos-steaks.com

Tony Bariglio represented both the landlord, 811 Trolley LLC, and the tenant, Cali’s Collections, in the lease of a 1,000 sq. ft. retail space in Trolley Square. Cali’s Collections is a women’s boutique. For more information visit www.caliscollections.com

Patterson-Woods Facilitates $1.55 Million Sale of Land in New Castle, DE