Patterson-Woods Represents Landlord and Tenant in Lease of 47,417 SF Warehouse

Category: Notable Transactions

Photo of 3030 Bowers Street in Wilmington, Delaware.Patterson-Woods Commercial Properties/CORFAC International Leases 47,414 Square Feet of Industrial Space a 3030 Bowers Street in Wilmington, Delaware

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 47,417 square foot warehouse lease at 3030 Bowers Street in Wilmington, Delaware. 

Patterson-Woods Principal, Richard Dudek, represented the landlord, Opportunity Center, Inc., known as ServiceSource, in the lease negotiations. ServiceSource is a 501(c)(3) nonprofit organization with a mission to facilitate services and partnerships that support people with disabilities, their families, their caregivers, and community members in order to build more inclusive communities. Prior to leasing their Bowers Street space, Rich helped to relocate ServiceSource to their new location at 13 Reads Way in New Castle, Delaware. 

Patterson-Woods associate, Will Minster, represented the tenant, Second Chances Farm, LLC, in the site location. Second Chances Farm will convert the one-story warehouse into an eco-friendly plant factory by installing an indoor hydroponic vertical farming system that will grow pesticide and herbicide-free produce. In addition to their agriculture initiatives, Second Chance Farms also maintains a social initiative by employing ex-offenders and supporting them in their re-entry and recidivism into the community.  

Second Chances Farm will occupy the entire building in a long-term lease. They plan on constructing the hydroponic farming system in September and begin operations immediately. 

“I was thrilled to represent Second Chances Farm and founder, Ajit Matthew George, in locating a site within the City of Wilmington, particularly in an Opportunity Zone and a termed distressed area that enables them to begin their social impact mission,” said Minster. “We evaluated numerous locations and determined that 3030 Bowers Street was perfect for this revolutionary venture.”

“When we discovered the intended use was a sustainable business that would bring locally grown organic, herbicide, pesticide free produce to our local restaurants and specialty stores it immediately grabbed our attention,” said Dudek. “The landlord, being a non-profit that has been helping the underserved out of this location since the 1960’s, was excited that Second Chances Farms would be able to create a unique product and also employ those trying to get back on their feet. We knew we wanted to try to make this work for everyone and this falls in line with the mission of ServiceSource.”

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 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Netherlands, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018. For more information, visit www.corfac.com.