Patterson-Woods Facilitates Sale of 28,997 SF Office Building in Newark, DE

Newark, DE (February 25, 2021) – 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 800 Barksdale Road in Newark, DE. The three-story building measures 28,997 sq. ft. square feet and sits on 2.12 AC.

The property was sold by The International Reading Association, Inc., to NDG 302, LLC, of Newark, Delaware.

Patterson-Woods represented both sides of the transaction, with Dan Lesher representing the seller and Rich Dudek representing the buyer.

“The buyer is excited to expand their hometown real estate portfolio and hopes to have a continued great relationship with the University of Delaware as their tenant,” said Dudek.

The building configuration consists of a mix of roughly 26,000 sq. ft. of office and 3,000 ft. of warehouse space. There had recently been extensive upgrades to the interior finish. The building was purchased as an investment property and is currently 100% occupied by the University of Delaware. It is within walking distance to South Main Street and is within two blocks of both Dart and the University of Delaware bus lines.

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 a global network comprised of privately held entrepreneurial commercial real estate 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 70 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Philippines, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices collectively close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. For more information, visit www.corfac.com

Patterson-Woods Commercial Properties/CORFAC International is pleased to announce that prinipals Tony Bariglio and Rich Dudek are named as Top Leasing Brokers in the Mid Atlantic Real Estate Journal's "Best of 2019" publication.

The brokers were chosen based on the total square feet they individually leased in 2019. Their recognition can be seen on page 68 of the issue, or by clicking here.

Additionally, Patterson-Woods was recognized on page 77 for their success with special use deals in 2019.

Click here to view the full issue.

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Click to see the full article on Delaware Business Now

Wilmington, DE (February 19, 2020) – 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 sale of a 2,000 sq. ft. building at 1450 Pulaski Highway in Newark, Delaware. The building, which was previously used as a medical office, will be converted into a Waffle House restaurant.

Patterson-Woods Principal, Rich Dudek, represented the seller, Maggie Group Inc., in the sale negotiations. Waffle House Inc. purchased the building and ground.

Waffle House will join other businesses, including Game Changers Sports Bar & Grille and Paul Mitchell School of Cosmetology, in the retail and office center known as Elizabeth Plaza. Waffle House plans to do a ground up development and open to the public by the end of 2020. This will be their fourth location in Delaware, with others in Middletown, Smyrna, and Dover.

"It was a pleasure to work with the Waffle House real estate team – they were patient and professional every step of the way. On behalf of the ownership of Elizabeth Plaza, we look forward to the addition, and I am sure the neighborhood looks forward to a family name that has been in the breakfast industry since 1955," said Dudek.

Dudek is the exclusive listing agent for properties in Elizabeth Plaza. There are other spaces currently available, including a 1,350 sq. ft. laundromat for lease and a proposed 16,000 +/- sq. ft. building for sale or lease that has the potential to be subdivided into separate units. For more information, please contact Rich Dudek at 302-656-6870 or by email at dudek@pattersonwoods.com

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, please visit our website at 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 50 offices in the U.S., 5 in Canada and 22 in International markets, including Australia, Colombia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand, United Arab Emirates 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