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
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