Members of Patterson-Woods Commercial Properties attended CORFAC International's Fall Sumit last week in Philadelphia, Pennsylvania. The conference is held biannually by CORFAC International and consists of member networking opportunities, commercial real estate panesl, and distinguished speakers.
Patterson-Woods Principals Joseph Latina, Treasurer, and Greg Ellis, CCIM, Chair of the Conference Committee, worked together with Philadelphia member firm Wolf Commercial Real Estate to organize the event and host other members from around the globe.
The Fall Summit sessions included topics on real estate trends, CRE technology, deal-making, best practices, opportunity zones, economic forecasting, and more. CORFAC also welcomed Philadelphia Eagles legend, Vince Papale, as a speaker on Friday morning.
The event wrapped up at the CORFAC awards reception where Ellis received the prestigious 2019 Olen Monsees Award for his dedication to expanding CORFAC's network and enhancing the CORFAC brand in the industry. Latina received the 2018 award at the CORFAC Summit in London last Fall.
The next CORFAC Summit will be held in March at Playa del Carmen, Mexico. For more information regarding the CORFAC organization, please visit www.corfac.com
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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.
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CORFAC International is pleased to announce that FRIS — located in Amsterdam, the Netherlands — has joined the network as its newest affiliate. FRIS is a Dutch real estate company that has grown since 1923 into a full-service real estate services provider in residential, business and investment real estate brokerage; property management; research; consultancy; appraisals and insurance.
“At the moment, almost 50 percent of our real estate agency revenues comes from transactions with international firms and we see this trend increasing in our commercial and investment real estate departments,” said Hans Peter Fris, Managing Director of FRIS. “Our CORFAC membership will allow us to offer our existing international clients a platform to facilitate further international investments. It is our expectation that the CORFAC network will also bring us into contact with new clients interested in the Dutch real estate market.”
CORFAC International real estate companies have expertise in office, industrial and retail brokerage, tenant and landlord representation, the acquisition and sales of property investments, property management and corporate services. Founded in 1989, CORFAC has 50 affiliated companies in the United States, five in Canada and 18 in various international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, the Netherlands, Romania, Russia, South Korea, Switzerland and the United Kingdom. In 2018, CORFAC members carried out more than 10,000 lease and sales transactions totalling 620 million square feet valued in excess of $8.2 billion USD.
“FRIS is a family-owned firm that began nearly 100 years ago. Since then, they have grown to a team of 70+ and become one of the most respected names in the real estate business in the Netherlands. I am very excited to welcome Hans Peter and the entire team at FRIS to the CORFAC network. Their expertise will be invaluable as we continue to expand throughout Europe and the world,” said Sim Doughtie, CCIM, MCR, SIOR, SLCR, 2019 President of CORFAC International.
By implementing a pioneering vision of modern real estate management, FRIS has become one of the largest independent real estate property management companies in the Netherlands for commercial and residential. FRIS is also a household name to tens of thousands of private individuals, companies and investors in the Amsterdam metropolitan region. The use of modern marketing tools and software, continuously updated databases and a well-balanced mix of experienced real estate experts and young professionals has resulted in a highly effective organization. With a compact workforce of 70+ professionals FRIS guarantees professionalism, a personal approach and accountability, flexibility and decisiveness.
The addition of FRIS marks the fourth affiliate to join CORFAC International this year. Asset Build Co. Ltd./CORFAC International in Tokyo, Japan; First Capital Property Group/CORFAC International in Orlando, Florida, and Forte Commercial Real Estate/CORFAC International in Denver, Colorado, also joined the network.
Hans Peter Fris and Rick Hoogervorst will be the main CORFAC contacts at FRIS. You can reach them via e-mail at h.p.fris@fris.nl and r.hoogervorst@fris.nl.
Joseph Latina of Patterson-Woods joined other CORFAC firms at the CORFAC booth at ICSC Recon 2019 in Las Vegas. RECON is the world's largest gathering of retail real estate professoinals.
At the event, Latina was interviewd by GlobeSt regarding retail industry trends:
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Patterson-Woods President, Duncan Patterson, CCIM, has joined the advisory board at Malvern Bank, N.A. for Mainline, Paoli, PA. The board is comprised of local leaders in business including attorneys, accountants business entrepreneurs. The board will work to enhance Malvern's visibility in the community as a premier Pennsylvania banking company.
Read the full press release at apnews.com
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