Tony Bariglio and Steve Burris represented the buyer, Lairson Enterprises, LLC, in the purchase of a 5,600 sq. ft. retail space at 100 Buckley Boulevard in Bear, DE.
Greg Ellis, CCIM, represented the buyer, Greenhill 100, LLC, in the purchase of a .02 AC parcel at 200 W 13th Street in Wilmington, DE.
Dan Lesher represented both the landlord, Hockessin Associates, LLC, and the tenant, Fite LLC, in the lease of a 1,000 sq. ft. office space at 1304 Old Lancaster Pike in Hockessin, DE. Lesher also represented both the landlord, Park Place Offices, LLC, and the tenant, Zakat Foundation Organization, in the lease of a 1,541 sq. ft. space at 226 W Park Place in Newark, DE.
Bart Mackey represented both the landlord, DRAVOCO, LLC, and the tenant, Dr. Chambers-Mobley, in the lease of a 1,516 sq. ft. office medical space at 2323 Pennsylvania Avenue in Wilmington, DE. Mackey also represented the tenant, J Howard Kennedy Co., in the lease of a 1,473 sq. ft. space at 544 Kennett Pike in Chadds Ford, PA. The lease starts Feb 1.
Charlie Woods and Michael Woods represented the landlord, Inventive, LLC, in the lease of a 1,541 sq. ft. space at 3616 Kirkwood Highway. Greg Ellis, CCIM, and Michael Willey represented the tenant, Office Alt, Inc.
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 40 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 (Corporate Facility Advisors) 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 association with global affiliates, CORFAC International offers commercial real estate services with market reach in 48 countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion in 2014. For more information on the CORFAC network, visit www.corfac.com
Tony Bariglio represented the seller, FJEF Leasing LLC, in the sale of a 3,628 sq. ft. office space at 139 E Chestnut Hill Road in Newark, DE.
Rich Dudek represented the tenant, Guardian Environmental Services Company, in the lease of a 6,300 sq. ft. industrial space at 70 Albe Drive in Newark, DE.
Greg Ellis, CCIM, represented both the landlord, Greenhill 100 LLC, and the tenant, DHT Happiness, LLC in the lease of a 953 sq. ft. office space at 120 Greenhill Ave. The space, a small cottage, sits within a mixed-use complex consisting of warehouse space, offices, and a daycare. There are still two second-floor office spaces available for lease. Click for more information. Ellis also represented the landlord, Rockford Limestone LLC, in the lease of a 1,170 sq. ft. office space at 5301 Limestone Road in Wilmington, DE.
Joe Latina represented the tenant, Chester County SPCA, in the lease of a 12,560 sq. ft. retail space at 600 South Street in New Castle, DE.
Bart Mackey represented the landlord, Artisans’ Bank, in the lease of a 1,992 sq. ft. office space at 2961 Centerville Road. This suite is part of Red Clay Center. Mackey also represented the tenant, DCC Design Group, in the lease of a 1,185 sq. ft. office space at 1601 Concord Pike in Wilmington, DE. This space is part of Independence Mall.
Chris Moore represented both the landlord, Printz Gov LLC, and the tenant, Davey Tree Expert Co., in the lease of a 15,000 sq. ft. industrial space at 6515 Governor Printz Boulevard in Wilmington, DE.
Vincent White represented the tenant, Fruit Creations, Inc., in the lease of a 1,000 sq. ft. space at 1512 Philadelphia Pike. White also represented both the landlord, McDermott Properties, and the tenant, Bright Beginnings Learning Academy, in the lease of a 8,345 sq. ft. daycare at 111 Cleveland Ave in Wilmington, DE.
October brought an abundance of retail, office, and industrial leases.
Rich Dudek represented:
Greg Ellis, CCIM, represented the landlord, Greenhill 100, LLC, in the lease of two spaces at 100 Greenhill Avenue – 2,488 sq. ft. and 1,160 sq. ft. flex spaces.
Tony Bariglio represented both the landlord, RDR, LLC, and the tenant, Sassy Beauty Supply, in the lease of a 2,250 sq. ft. retail space at 17 Lea Boulevard in Wilmington, DE.
John Osborn and Gary Lowe represented both the landlord, Delaware Curative Workshop, and the tenant, ATI Holdings, LLC, in the lease of a 1,356 sq. ft. office space at 1600 Washington Street in Wilmington, DE.
Dan Lesher represented the seller, International Reading Association, in the investment sale of a 13,000 sq. ft. building at 700-750 Barksdale Road in Wilmington, DE. Chris Whitfield of Capital Commercial represented the buyer.
Wilmington, DE (August 10, 2015) – 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 a nursing home facility, Liberty Nursing & Rehabilitation Center, located in Allentown, PA. The four-story property measures 43,420 square feet.
The property was sold by Liberty Allen Square, LLC to Owl's Next Properties, LLC, a 1031 exchange-triple net investor with investments in the greater Wilmington, DE area, for $4.65 million. The buyer's firm had previously focused on management of multifamily residential rental properties, smaller apartment complexes and commercial offices.
Chris Moore, a sales and leasing agent with Patterson-Woods, represented the buyer in this transaction. The buyer was referred to Moore by John Osborn of Patterson-Osborn Exchange Services, a firm with 30 plus years of experience in 1031 Exchange transactions. Feinberg Real Estate Advisors, LLC represented the seller.
The facility, built in 1969, will remain a nursing home. It will continue to be leased by Health Care and Retirement Corp. of America, a division of Manor Care. This purpose-built facility has gone through several rounds of upgrades, including interior remodeling, HVAC replacement, and conversion of one floor into a specialized care unit focusing on respiratory and tracheotomy patients with an advanced oxygen supply system.
"This Allentown, PA investment fit nicely with the desire of our client to move his investment dollars from his intensive, self-managed properties, to a lower impact real estate investment, backed by a well executed 20+ year lease with a high quality tenant," said Moore.
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 40 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 (Corporate Facility Advisors) 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 association with global affiliates, CORFAC International offers commercial real estate services with market reach in 48 countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion in 2014. For more information on the CORFAC network, visit www.corfac.com
Wilmington, DE (August 3, 2015) – Rich Dudek leased two industrial spaces in New Castle, DE this month. He represented the Tenant, Jack Doheny Companies, Inc., in the lease of a 4,505 sq. ft. industrial space at 4 Medori Boulevard. In the lease of a 2,000 sq. ft. space at 13 King Court, he represented the Landlord, GCTA Properties, LLC.
Vincent White represented both the Landlord, Knotts Property Management, LLC, and the Tenant, Sanchase Group LLC, in the lease of a 3,300 SF garage at 2100 Northeast Boulevard in Wilmington, DE.
Chris Moore and John Osborn represented the buyer, Owl’s Nest Properties, LLC, in the purchase of a nursing home facility in Allentown, PA. For a full press release, click HERE.
Charles Woods represented the Landlord, Inventive, LLC, in the lease of a 2,210 sq. ft. retail space in the Liberty Center at 3616 Kirkwood Highway. The tenant, SevenShopper, LLC, joins retailers such as Pizza Liberty Travel, State Farm, Cricket, and Primo Hoagies.
Joe Latina and Mary Ann Heesters represented the Tenant, 2SP, LLC, in the lease of a 3,200 sq. ft. retail space in Lantana Shopping Center in Hockessin, DE. The tenant, known as Two Stones Pub, will be opening after space renovation. This will be the third location for Two Stones, with their first and second in Newark and Kennett Square, Pennsylvania.
Wilmington, DE (July 9, 2015) – 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 a restaurant business located at 110 South West Street in Wilmington, DE.
Progressive Growth, LLC, a local, family investment group with many diversified businesses, purchased the business, Firestone Roasting House Restaurant, for $1,275,000. The Seller, RFG Hospitality, LLC & RFG Restaurant Holdings LLC, also known as Rastelli Food Groups, is an industry leading food product supplier to hotels, restaurants and institutions. They have made the decision to sell off some of their ancillary investments to focus on their core business.
Joe Latina, Principal, and Mary Ann Heesters of Patterson-Woods represented the seller in this transaction, secured the lease assignment, and worked with the buyer in securing their liquor license. Latina specializes in retail and investment commercial real estate with a strong emphasis in the food and beverage sector. Heesters has a background in food and beverage, and specializes in obtaining and transferring liquor licenses in real estate transactions.
Firestone Roasting House, open since 2005, occupies the Juniper Building on the Riverfront in Wilmington, DE. It features an indoor dining area, large bar, and outdoor patio that sits right on the Christina River. The menu features hand crafted pizza, fresh seafood, specialty sandwiches, and signature steaks. In addition to a dining experience, Firestone draws a nightlife crowd as it offers live entertainment year round. The business and day-to-day operations will continue to be managed by Big Fish Restaurant Group.
"It was a pleasure to complete this sale on behalf of Ray Rastelli, Rastelli Foods Group and Progressive Growth, LLC.," said Latina, "We would like to thank all parties for the cooperation and professionalism. We wish Mr. Rastelli the best of luck and the continued growth of his company into one of the premier food distribution companies in the world and we look forward to the continued success and growth of Firestone Roasting House on the Wilmington Riverfront."
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 40 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 (Corporate Facility Advisors) 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 association with global affiliates, CORFAC International offers commercial real estate services with market reach in 48 countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion in 2014. For more information on the CORFAC network, visit www.corfac.com
Wilmington, DE (July 1, 2015) – Joe Latina represented both the seller, Culinaria Restaurant/The Reynauld Group, Inc., and the buyer, Fang Sun, in the sale of the North Wilmington restaurant business, Culinaria, at 1812 Marsh Road. Culinaria, open since 1999, features modern and creative twists on American cuisine. Latina also represented the seller in the sale of the restaurant business Firestone Roasting House at 110 South West Street in Wilmington, DE. To view the full press release of that transaction, click here.
Rich Dudek represented the landlord, Newark Development Group, LLC, in the lease of a 1,500 SF office space at 284 East Main Street in Newark, DE. The tenant, Exodus Escape Room, will offer interactive, 60-minute action packed “escape” rooms, with themes like “Sherlock’s Study,” “Trap Room,” and “Masquerade Mayhem.”
Chris Moore represented the seller, Servco, Inc. c/o Citizens Bank, N.A., in the sale of a 2,298 office space at 1401 Foulk Road. This was the last remaining space available in North Wilmington’s Foulkstone Medical Plaza.
Other transactions this month include:
A 1.21 AC parcel of land at 202 United Drive in Middletown, DE. Greg Ellis, CCIM, represented the Buyer, Pointe 61, LLC.
A 4,500 square foot office building at 1211 Milltown Road in Wilmington, DE. Rich Dudek represented the seller, Revocable Trust of Donna L Schoenbeck, in this transaction.
A 990 square foot office space at 724 Yorklyn Road. Dan Lesher represented the Landlord in this lease buyout.
An 800 square foot office space at 913 N Market Street in Wilmington, DE. Joe Latina represented the tenant, Gellert Scali.
Wilmington, DELAWARE (June 22, 2015) – Patterson-Woods/CORFAC International, a leading full-service commercial real estate provider serving the Mid-Atlantic market, today announced the completion of a 3,977 square foot retail lease on behalf of the landlord, Fratelli Four, Inc., at 74 E Main Street in Newark, Delaware.
Dairy Queen on Main, the tenant, will occupy the entire first floor of the retail building. They have signed a 10-year lease for the space, and expect to open September 1st. It will be a classic DQ “Treat Center” serving ice cream, desserts, shakes, and their classic “Blizzard.”
Rich Dudek, Principal at Patterson-Woods Commercial Properties/CORFAC International, represented the landlord in the Lease negotiations. The tenant will be fully upgrading the fire and life safety systems with a new sprinkler system for the entire building.
The building has been on Main Street since the early 20th Century, and has been everything from a real estate office to a military recruiting station. Recently, it served as a rental office for one of the new high-end apartment complexes that have been transforming Newark, Delaware.
DQ on Main will be joining a slew of fast-casual dining spots recently added to Main Street, including Insomnia Cookies, Duck Donuts, and El Diablo Burritos.
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 40 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 (Corporate Facility Advisors) 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 association with global affiliates, CORFAC International offers commercial real estate services with market reach in 48 countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion in 2014. For more information on the CORFAC network, visit www.corfac.com.
WILMINGTON, DE – Rich Dudek represented the Landlord, Moyer Park, LLC, in the lease of a 4,500 SF warehouse space and 1 AC of land at 1977 Old Cooches Bridge Road in Newark, DE. The warehouse includes two 14’ drive-in doors and a loading ramp. 3.5 AC of land remains available for lease at this property.
Chris Moore represented both the tenant, Owen Steel Company, Inc., and the Landlord, Bensalem III Industries, LLC, in the lease of 6.5 AC at 601 Garasches Lane in Wilmington, DE. The tenant is a Columbia, SC based company that fabricates structural steel for structures including office towers, sport/entertainment centers, retail centers, museums, bridges, and hospitals. Local projects include the Children’s Hospital of Philadelphia (CHOP) and Temple University.
Bart Mackey represented the Landlord, Willowdale Town Center, Inc., in in the lease of 1,400 and 1,800 SF office/retail spaces at 674 Unionville Road in Kennett Square, PA. The tenants, Orthodontic Enterprises, LLC, and Dynamic Therapy Services, join several other retailers at Willowdale Town Center, a complex comprised of a unique collection of shops and services. There is a currently 972 SF of office/retail space still available for lease.
Other transactions this month include:
A 1,020 SF office space at 919 N Market Street in Wilmington, DE. Greg Ellis, CCIM, represented the tenant, London-based AHP Partners, LLC.
This will be their first U.S. office.
A 1,500 SF office space at 101 South Cleveland Avenue in Wilmington, DE. Vincent White represented the Landlord, Regina and Helen Ruggieri, and the Tenant, BMG Circle of Life, LLC.
Wilmington, DE (May 19, 2015) – 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 3,600-square-foot retail restaurant lease on popular Main Street in Newark, DE, at 270 E Main Street, site of the former East End Café and Mojo Main.
Joe Latina, a principal with the firm, represented both the Landlord, Ntinas, LLC, and the Tenant, OMG Dining, LLC, in the lease negotiations.
Ntinas, LLC, was run by Mrs. Elaine Papatinas (with her husband Stephen Papatinas) who at one time ran their own restaurant at the site, “The Hidden Hearth Restaurant.” When Elaine unexpectedly passed away in December 2014, the property was taken over by her son, daughter and their spouses – Ernie and Barbara Laletas and Christine and John Frangakis. The family was committed to retaining the property to ensure that a restaurant opened at the site, despite numerous offers to purchase the property. Latina marketed the property, identified the tenant, negotiated the lease and worked with the previous tenant in obtaining the liquor license (with the assistance of Mary Ann Heesters).
OMG Dining, LLC, owned by Delaware residents and University of Delaware graduates Jim O’Donoghue and Lee Mikles, signed a five-year lease for the restaurant space, which consists of a 900-square foot patio and a 3,600-SF main dining room with a bar area and stage for entertainment. They plan on renovating and converting the space into a craft-beer themed, neighborhood gastropub known as Grain Craft Bar + Kitchen (www.grainonmain.com). A 40-spot parking lot is also included.
The new restaurant will put emphasis on gathering with friends and family for good times, good food and entertainment. They are expecting to open in late July 2015.
“It was an absolute pleasure to work with Lee Mikles, Jim O’Donoghue and Ntinas, LLC, to bring this iconic Main Street restaurant site back to relevance,” said Latina. “Many thanks to the Laletas and the Frangakis families for their perseverance in keeping this property a restaurant for many years to come as per the wishes of their parents, Stephen and the late Elaine Papatinas. Thanks to Lee and Jim for their determination in bringing their amazing concept ‘Grain Craft Bar + Kitchen’ to life. I wish them many years of success,” Latina added.
Latina specializes in retail and investment commercial real estate with a strong emphasis in the food and beverage sector. He has brokered transactions of several recently opened restaurants on Main Street in Newark, including 16 Mile Taphouse, El Diablo Burritos, Hot Bagels, Primo Hoagies and Colorful Yun Nan.
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 40 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 (Corporate Facility Advisors) 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 association with global affiliates, CORFAC International offers commercial real estate services with market reach in 48 countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion in 2014. For more information on the CORFAC network, visit www.corfac.com.
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