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
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 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.