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Wilmington, DE (April 13, 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 two restaurant sales in Wilmington, DE.

 

Joe Latina, a principal with the firm, represented Lucey4, LLC & Ballyvourney, Inc. – aka Stephen B. Lucey & Michael C. Lucey in the purchase of a 5,400-square-foot restaurant building located at 20859 Coastal Highway, Rehoboth Beach, DE. The seller was Captain’s Table Limited Partnership, Allan Lynch Rev Trust & Village Cupboard, Inc., and the property traded for $1.9 million.

 
The deal included a second parcel with an approximately 6,912 square feet, two story building. The ground level is leased to a liquor store and the second story has three apartments.
 
The Lucey brothers are the owner/operators of Six Paupers Tavern & Restaurant in Hockessin, DE and Ulysses American Gastropub Wilmington, DE. They plan to convert the restaurant building they acquired into a new gastro-pub concept named “The Forgotten Mile Alehouse,” which is a reference to the stretch of highway between Dewey Beach and Rehoboth Beach, both of which are popular resort destinations in summer and second-home markets for affluent people from the region, particularly Washington, D.C.
 
In a separate transaction, Jester & Sons, LLC sold Hunter's Den Restaurant to Xia Zhao and/or Tian Cheng Development, LLC, of Wilmington, DE for $960,000. The restaurant is comprised of 5,810 square feet on 1.85 acres of land located at 3517 Old Capitol Trail in Wilmington, DE.

 
Also included in the sale is an adjacent two-story, 1,995-square-foot building, 3513 Old Capitol Trail, that is used as the business’s corporate operations. Latina and Mary Ann Heesters of Patterson-Woods together represented the seller and procured the purchaser.
 
Hunter's Den has been operating as a family-owned restaurant for over thirty years. It is known for its hunting theme and historic charm. There are three dining rooms, a buffet area, and a lounge that frequently hosts live bands and entertainment. The new owners purchased the restaurant as an investment and plan to initially continue to operate the business as Hunter's Den. 

 
Latina also leased a restaurant at 59 E. Main Street in Newark, DE, to Asian investors that renovated the space and re-opened the restaurant as “Colorful Yan Nun.” The Chinese-food inspired restaurant has been an instant hit, particularly among the students at nearby University of Delaware. 
 

 
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.


 
About Patterson-Woods/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.
 
CORFAC Media Contact: Gary Marsh, gary@marshmarketing.com, 415-453-7045
 
Local Media Contact: Allison Terranova, terranova@pattersonwoods.com, 302-622-3506
 

Wilmington, DE (March 31, 2015) – Tony Bariglio and Rich Dudek represented the landlord, Power Properties, LLC, in the lease of an 8,000 sq. ft. office space at 2002 Foulk Road in Wilmington, DE.

Joe Latina and Mary Ann Heesters represented both the seller, Jester & Sons, LLC & Boire Corporation, and the buyer, Xia Zhao and/or Tian Cheng Development, LLC, in the sale of a business, 5,810 sq. ft. restaurant building, and 1,995 sq. ft. office at 3513 & 3517 Old Capitol Trail in Wilmington, DE.

Tony Bariglio represented both the tenant, GT Fish Company, Corp, and the landlord, Residential Realty, LLC, in the lease of a 2,976 sq. ft. retail business at 1216 Old Lancaster Pike in Hockessin, DE.

Tom Ryan represented both the tenant, Rock Hard Enterprise dba 409 Fitness, and the landlord, Gakis Properties II, LLC, in the lease of a 1,920 sq. ft. retail space at 1701 Concord Pike in Wilmington, DE.

Steve Burris represented the tenant, Polakamas, LLC, and Rich Dudek represented the landlord, Alena 5153, LLC, in the lease of a 1,500 sq. ft. office space at 5221 W Woodmill Drive, Suite 40 in Wilmington, DE.

Wilmington, DE (March 25, 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 an office complex located at Barley Mill Plaza in Wilmington, DE. The complex, consisting of 455,000 SF and spanning 36 AC, is being converted into a Charter school.
 
Tony Bariglio, Partner at Patterson-Woods, represented the purchaser, Odyssey Charter School, Inc., in this transaction. Bariglio previously represented Odyssey in 2006 in the acquisition of their current Upper School Campus at 201 Bayard Avenue in Wilmington, DE, which he currently has listed for sale.
 
The Lower School Campus moved to Barley Mill in March of 2014. Eventually, the entire school will migrate to Barley Mill, and in coming years will add grades 8-12, making it a K-12 school.
 
This transaction was financed through $34 million in bonds issued by the Delaware Economic Development Office (DEDO), an organization whose mission is to enhance industry, tourism, and employment in Delaware. Prior to Odyssey's involvement, the parcel served as an office complex to DuPont, before being sold to Barley Mill, LLC (Stoltz Real Estate Partners, LLC) in 2007.
 
About Patterson-Woods/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 (February 28, 2015) – Tony Bariglio represented the buyer, Odyssey Charter School, Inc., in the sale of a 455,000 sq. ft. office space at Barley Mill Plaza in Wilmington, DE.

Rich Dudek represented the seller, Boulden Enterprises, LLC, and Chris Moore represented the buyer, Jaleo, LLC, in the sale of an 18,000 sq. ft. multi-family building at 420-458 Smyrna-Clayton Boulevard in Smyrna, DE.

Greg Ellis, CCIM, represented the tenant, Wilmington Ambulatory Surgical Center, LLC, in the lease of a 10,000 sq. ft. office space at 900 Foulk Road in Wilmington, DE.

Chris Moore represented the buyer in the sale of a 3,634 sq. ft. multi-family space at 1600 N Broom Street in Wilmington, DE.

Joe Latina represented both the tenant and the landlord, Ntinas, LLC, in the lease of a 3,600 sq. ft. retail space at 270-272 E Main Street in Newark, DE.

Chris Moore represented the tenant, Endevor, LLC, in the lease of a 3,368 sq. ft. office space at 3828 Kennett Pike in Wilmington, DE.

Chris Moore represented the seller, Citizens Bank of PA, in the sale of a 1,650 sq. ft. office space at 1401 Foulk Road, Suite 206 in Wilmington, DE.

Greg Ellis, CCIM, represented the tenant, Edward Jones, in the lease of a 1,529 sq. ft. office space at 224 Carter Dr, Suite 104, in Middletown, DE.

Chris Moore represented the landlord, Shops of London Britain, LLC, in the lease of a 1,366 sq. ft. retail space at 1549 New London Road in Landenberg, PA.

Rich Dudek represented both the tenant, Clark Building Group, LLC, and the landlord, Newark Development Group, LLC, in the lease of a 1,200 sq. ft. office space in Newark, DE.

Rich Dudek represented the Landlord, Dr. Saunders, in the lease of a 1,000 sq. ft. office space at 19B Trolley Square in Wilmington, DE.

Joe Latina represented the tenant, Sevamaju, LLC, in the lease of a 900 sq. ft. retail space at 131 E Main Street in Newark, DE.

Wilmington, DE (January 31, 2015) – Tony Bariglio represented the buyer, Aspira of Delaware Charter Operations, Inc., in the sale of a 6.84 AC at 326 Ruthar Drive in Newark, DE.

Steve Burris represented both the tenant, Furniture and More, Inc. of DE, and the landlord, GNJS, LLC, in the lease of a 28,000 sq. ft. space at 150 Buckley Boulevard in Bear, DE.

Greg Ellis, CCIM, represented the seller, Greenhill 100, LLC, in the sale of a 8,844 sq. ft. industrial building at 1005 W 27th Street in Wilmington, DE.

Tony Bariglio represented both the tenant, New Moon Carpets, and the Landlord, Hessler Properties, Inc. in the lease of a 6,245 sq. ft. retail space at 1010 N Union Street in Wilmington, DE.

Tony Bariglio represented both the tenant, Hollywood Nails, and the Landlord, Hessler Properties, Inc., in the lease of a 2,077 sq. ft. retail space at 4101 N Market Street in Wilmington, DE.

Greg Ellis, CCIM, represented the both the tenant, Laffey Law, and the landlord, B&T Design Associates, Inc., in the lease of a 1,415 sq. ft. office/retail space at 1907 Delaware Avenue in Wilmington, DE.

Greg Ellis, CCIM, represented both the tenant, Kinetic Skateboarding, Inc., and the Landlord, Kings Row, LLC, in the lease of a 1,320 sq. ft. retail space at 3906 Concord Pike in Wilmington, DE.

Chris Moore represented the tenant, Acorn Energy, Inc., in the lease of a 1,304 sq. ft. office space at 3828 Kennett Pike in Wilmington, DE.

Tony Bariglio represented both the tenant, Delaware Local Food Exchange, LLC, and the landlord, 8 11 Trolley, LLC, in the lease of a 1,000 sq. ft. retail space at 8A Trolley Square in Wilmington, DE.

Tony Bariglio represented both the tenant, Linnus and Eng, and the landlord, 9-10 Trolley Square, LLC, in the lease of a 1,000 sq. ft. retail space at 10B Trolley Square in Wilmington, DE.

Tony Bariglio represented both the tenant, Opa Opa, LLC, and the landlord, 8 11 Trolley LLC, in the lease of a 1,000 sq. ft. retail space at 11A Trolley Square in Wilmington, DE.

Rich Dudek represented the landlord, 3209 Miller Road, LLC, in the lease of a 900 sq. ft. retail space in Wilmington, DE.

Greg Ellis, CCIM represented the tenant, C-Food Associates, LLC, in the sublease of a 673 sq. ft. office space at 1701 Augustine Cutoff in Wilmington, DE.

Joe Latina and Mary Ann Heesters represented both the seller, Babes on the Square, Inc., and the buyer, Sunshine Station Early Learning Academy, in the sale of a business at 1818 Delaware Avenue in Wilmington, DE.

Patterson-Woods Commercial Properties/CORFAC International Facilitates $950,000 Sale of a Restaurant Building in Wilmington, DE 

Wilmington, DE (January 15, 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 building located at 805 North Union Street in Wilmington, DE. The 4,575 square feet one-story building fronts Union Street in the heart of Wilmington's "Little Italy."

The property was sold by T & M Properties & Union City Grill, LLC, a restaurant headed by Chef Matthew Curtis, to Bread & Butter, LLC, also known as Ashby Management Group for $950,000. 

 Joseph Latina, Principal, and Mary Ann Heesters of Patterson-Woods represented both the seller and procured the purchaser. 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 issuing and transferring liquor licenses in real estate transactions.

Ashby Management plans to renovate the building and open a full-service, casual dining restaurant serving modern American cuisine with a Tai/Asian flare. The group has also opened and operates several other restaurants locally with great success, including three McGlynn's Pubs (Pike Creek, Bear & Dover), The Deerpark Tavern (Newark), and Cantwell's Tavern (Odessa).

"It was extremely gratifying to execute this transaction on behalf of two of our very valued clients," said Latina. "We wish Chef Matt Curtis the best of luck in his future endeavors and look forward to yet another successful Ashby Management restaurant."

About Patterson-Woods/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 (June 30, 2014) – Charles Woods and Michael Woods of Patterson-Woods Commercial Properties/CORFAC International represented the seller, NBRS Financial Bank, in the sale of a 6,000 sq. ft. office building located at 327 Curtis Avenue, Wilmington, DE.

Steve Burris of Patterson-Woods Commercial Properties/CORFAC International represented the seller, PRD Realty 1220 LLC, in the sale of a 2,500 sq. ft. building at 1220 North King Street, Wilmington, DE.

Joe Latina of Patterson-Woods Commercial Properties/CORFAC International represented both the seller, Tweet Entertainment, INC, and the buyer, Ace Petroleum, in the sale of a 5,387 sq. ft. building located at 780 Pulaski Highway, Bear, DE.

Rich Dudek of Patterson-Woods Commercial Properties/CORFAC International represented both the tenant, OHOH Photo, dba Cameras Etc., and the landlord, Schlosser & Dennis, LLC, in the lease of a 2,400 sq. ft. retail space located at 165 E Main Street, Newark, DE.

Greg Ellis of Patterson-Woods Commercial Properties/CORFAC International represented the both the tenant, NHS Mid-Atlantic, Inc., and the landlord, Rogers Road LLC, in the lease of a 2,200 sq. ft. office space located at 101 Rogers Road, Wilmington, DE.

Media Contact: Allison Terranova | (302) 622-3506 | terranova@pattersonwoods.com

Wilmington, DE (April 30, 2014) – Charles and Michael Woods of Patterson-Woods Commercial Properties/CORFAC International represented both the buyer, Brentwood Reading, LLC, and the seller, 6 Pearl Street, LLC, in the sale of a 4,479 sq. ft. retail building located at 3203 Miller Road, Wilmington, DE.

Greg Ellis of Patterson-Woods Commercial Properties/CORFAC International represented the tenant, Pedro Saez, Ph. D, LLC, in the lease of a 1,000 sq. ft. office building located at Trolley Square Shopping Center in Wilmington, DE.

Rich Dudek of Patterson-Woods Commercial Properties/CORFAC International represented both the tenant, Tayah, LLC, and the landlord, Lady Bug Properties, Inc., in the lease of a 1,750 sq. ft. retail space located at 1450 E. Pulaski Highway, New Castle, DE.

Contact: Allison Terranova
(302) 622-3506
terranova@pattersonwoods.com

NEWARK, DE (MARCH 20, 2014) – Patterson-Woods/CORFAC International recently completed a 1,200-square-foot retail lease at 70 East Main Street in Newark, DE, with Rich Dudek representing the Landlord, Mr. Bachu Patel. 

"We are pleased to announce this important transaction on behalf of Mr. Patel,” stated Dudek.  “This transaction reflects our firm’s continued ability to meet our clients’ strategic real estate needs in the marketplace.” Patel is a local landlord and former owner of the 35 year running Newark Newsstand. 

 The property offers desirable retail storefront on Main Street in Newark, Delaware. It is strategically located in the heart of the University of Delaware campus and has excellent walking traffic. Neighboring tenants include Dunkin Donuts, California Tortilla and Starbucks, along with local favorites such as Café Gelato and Cucina di Napoli.

Insomnia Cookies, a growing chain that serves and delivers fresh baked cookies and other sweets to customers day and night, will be leasing Patel's space. The company originated in Pennsylvania in 2003. They are a 52-unit brand with locations along the East Coast, as well as parts of the Midwest.

About Patterson-Woods/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 visitwww.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. Founded in 1989, CORFAC International is celebrating its 25th anniversary in 2014. In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 60 countries worldwide. In recent years, CORFAC firms have averaged over 9600 completed transactions annually totaling more than 513 million square feet worth an excess of $5.95 billion for their customers. For more information on the CORFAC network, contact 703.532.6160 or visit www.corfac.com.

Patterson-Woods Media Conact: Allison Terranova (302) 622-3506 or terranova@pattersonwoods.com
CORFAC Media Contact: Gary Marsh (415) 452-7045 or gary@marshmarketing.com

News From: Patterson-Woods CORFAC International

Patterson-Woods Media Contact: Allison Terranova (302) 622.3506 or terranova@pattersonwoods.com
CORFAC Media Contact: Gary Marsh (415) 453-7045 or gary@marshmarketing.com

Patterson-Woods/CORFAC International Sells Office Building and Parking Lot for Local Real Estate Investment Fund

Wilmington, Delaware (February 27, 2014) – Patterson-Woods Commercial Properties/CORFAC International PresidentDuncan Patterson, CCIM, announced today that J. Gregory Ellis, CCIM, represented the seller, Rockford King LLC in the disposition of an office building and adjacent parking lot in Wilmington, DE.

Rockford King, an affiliate of a Delaware-based real estate investment fund, sold the 5,776-square-foot office building located at 1314 N. King Street and the adjacent, nearly half-acre parking lot at 1320 N. King Street for undisclosed prices and to separate buyers.

WG&S LLP purchased the office building and occupied it earlier this month. The company was previously located at 4550 Linden Hill Road in Wilmington (Pike Creek) in about 3,800 square feet. Walnut Street Parking Inc. purchased the parking lot as an investment. Rockford King had earlier purchased the combined properties from a bank and subsequently had the two assets legally sub-divided prior to the dispositions. 

“These were market-rate transactions that satisfied the objectives of all three entities; the seller successfully exited an earlier investment, the office building buyer is able to expand and control the future cost of real estate occupancy and the parking lot investor has a low maintenance investment that they can hold for as long as they want and get a good return,” said Greg Ellis. 

Patterson-Woods/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. Founded in 1989, CORFAC International is celebrating its 25th anniversary in 2014. In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 60 countries worldwide. In recent years, CORFAC firms have averaged over 9600 completed transactions annually totaling more than 513 million square feet worth an excess of $5.95 billion for their customers. For more information on the CORFAC network, contact 703.532.6160 or visit www.corfac.com.

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