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Patterson-Woods Commercial Properties / CORFAC International Reps Mishimoto Auto Performance in 17,353 Square-Foot Lease in New Castle, Delaware

Category: Notable Transactions

New Castle, Delaware (June 7, 2012) - Patterson-Woods Commercial Properties/Corfac International, a leading full-service commercial real estate provider serving the Tri-State Area, announced a 17,353 sf lease completion on behalf of Resource International Inc., DBA Mishimoto Auto Performance, at 18 Boulden Circle, New Castle, DE.

Mishimoto signed a long term lease for industrial-office space and will occupy the premises in July 2012. Mishimoto Auto Performance is a leader in after-marketing cooling components (such as aluminum radiators and temperature gauges) that are manufactured specifically for race cars and Motorcycles.

Rich Dudek, a partner with Patterson Woods Commercial Properties, represented tenant Mishimoto Auto Performance while Dave Cook of The Flynn Company represented the property owner, RREEF, in the lease negotiations.

"The tenant is a fast-growing company that designs and manufactures high-end performance parts for distribution throughout the United States. Mike Sullivan, 28, has been building his company since the age of 19 and estimates that he will increase his staff from its current 26 employees to 55 once they move into the new space," said Dudek.

Patterson-Woods is Delaware's largest commercial real estate company and is equipped to offer a full scope of operations, including the sale and lease of commercial/industrial, retail and investment property as well as buyer and tenant representation, property management and business brokerage. Decades of real estate experience in the region is supplemented with input from a network of business and government contacts. This guarantees professional service for all ventures large or small.

CORFAC International (Corporate Facility Advisors) is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporate entities and privately owned companies. Founded in 1989, U.S.-based CORFAC 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 North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal member of FIABCI - the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion.