While Patterson-Woods is following state and local recommendations for Covid-19, we are still available to help and are ready to service your needs. Please call, email or click our contact link below and we look forward to assisting you.

Patterson-Woods Commercial Properties/CORFAC International Facilitates Sale of 2,000 Sq. Ft. Building to Waffle House, Inc.

Category: Notable Transactions

 

Wilmington, DE (February 19, 2020) - 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 sale of a 2,000 sq. ft. building at 1450 Pulaski Highway in Newark, Delaware. The building, which was previously used as a medical office, will be converted into a Waffle House restaurant.

Patterson-Woods Principal, Rich Dudek, represented the seller, Maggie Group Inc., in the sale negotiations. Waffle House Inc. purchased the building and ground.

Waffle House will join other businesses, including Game Changers Sports Bar & Grille and Paul Mitchell School of Cosmetology, in the retail and office center known as Elizabeth Plaza. Waffle House plans to do a ground up development and open to the public by the end of 2020. This will be their fourth location in Delaware, with others in Middletown, Smyrna, and Dover.

"It was a pleasure to work with the Waffle House real estate team - they were patient and professional every step of the way. On behalf of the ownership of Elizabeth Plaza, we look forward to the addition, and I am sure the neighborhood looks forward to a family name that has been in the breakfast industry since 1955," said Dudek.

Dudek is the exclusive listing agent for properties in Elizabeth Plaza. There are other spaces currently available, including a 1,350 sq. ft. laundromat for lease and a proposed 16,000 +/- sq. ft. building for sale or lease that has the potential to be subdivided into separate units. For more information, please contact Rich Dudek at 302-656-6870 or by email at dudek@pattersonwoods.com

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, please visit our website at 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 50 offices in the U.S., 5 in Canada and 22 in International markets, including Australia, Colombia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand, United Arab Emirates 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