Patterson-Woods Commercial Properties/CORFAC International, a commercial real estate services firm specializing in the Mid-Atlantic commercial property markets, announced record sales and leasing activity in 2015.
The largest sale and lease transactions of the year were in the office market. Patterson-Woods represented both the seller and the buyer in the sale of a 455,000 sq. ft. office complex spanning 36 acres at Barley Mill Plaza in Wilmington, DE.
The buyers, Odyssey Charter School, Inc., purchased the site for their K-12 school. Patterson-Woods also represented the landlord in a 65,941 sq. ft., ten-year lease of 824 N Market Street. The tenant, U.S. Bankruptcy Court, occupies approximately 33 percent of the building.
Other significant transactions in 2015 include Patterson-Woods’ representation of the following:
- The buyer of a 6.84-acre purchase of a school at 326 Ruthar Drive in Newark, DE.
- The buyer of a 43,420 sq. ft. purchase of a retirement home at 1632-1565 W Allen Street in Allentown, PA.
- The seller of a 78,800 sq. ft. sale of industrial property at 2012 Firedancer Lane in Bear, DE.The tenant of a ten-year, 10,000 sq. ft. lease at 405 Old DuPont Road.
- The seller of a retail/investment property at 20859 Coastal Highway in Rehoboth Beach.
- The landlord and tenant of a 28,000 sq. ft. lease of a school at 181 Stanton Christiana Road in Wilmington, DE.
- The landlord and tenant of a 27,175 sq. ft. lease of a school at 2201 W 2nd Street in Wilmington, DE.
- The buyer and seller of an 18,000 sq. ft., 20-unit multifamily complex at 420-458 Smyrna-Clayton Boulevard in Smyrna, DE.
- The seller of a 13,000 sq. ft. investment property at 700-750 Barksdale Road in Newark, DE.
- The tenant of a 10,735 sq. ft. office lease at 1523 Concord Pike in Wilmington, DE.
