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