Real estate – Harvey, Hanna reports strong year

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Hyatt Place
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Harvey , Hanna  & Associates reported a successful 2013.

Capping the  year was the  Hyatt Place Hotel, the first-ever Hyatt brand in Delaware,  which  opened in Dewey Beach on September 19.

The Hyatt is part of the new Lighthouse Cove Resort complex (formerly Ruddertowne), a multi-phased multi-million dollar mixed use redevelopment project owned by Dewey Beach Enterprises, with managing partner  Harvey, Hanna.

The Lighthouse Cove Resort complex will ultimately include 105 luxury residential condominiums, 16 of which are Oceanside penthouse condominiums atop the Hyatt Place Hotel; a future conference center; recreational bay walk and newly expanded public beach; garage parking to accommodate year-round activity; and   restaurants and retail space.

Of the 16 oceanside penthouse condominiums, more than half  have been  sold. The Lighthouse Cove Resort complex is contributing substantial new revenue to State, county, and town coffers, Harvey,  Hanna reported.

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Meanwhile, WarpEx, Inc., a global logistics network firm founded in 2008, expanded its relationship with HHA and shifted its growing operations from 10,885  square feet  in the Delaware River Industrial Park (DRIP) to 31,000  square feet at 599 Ships Landing Way at the Twin Spans Business Park in New Castle.

The Creekwood Corporate Center and immediate area experienced significant activity in 2013. Harvey Hanna  welcomed National Pump & Compressor to 900 West Basin Road (12,880 sq ft) in New Castle.

Marking its first foray into the northeast region, National Pump & Compressor provides pumps, compressors, dryers and related equipment to businesses and municipalities.

At Creekwood, an  expansion of the warehouse at 19 East Commons Boulevard made way for the addition of Worth & Company (12,657 square feet),  a full-service mechanical contracting firm; and the opening of a new regional store for Johnstone Supply (9,600  square feet), a   nationwide wholesale HVAC distributor.

Building upon the company’s redevelopment activity in the Newport Industrial Park, Harvey, Hanna welcomed Café 24 (31,200 square feet) to complete the fit-out of the new building at 500 Water Street along with previous tenant Total Trax.

Café 24, also recognized as E-Tree, provides import-export services to numerous Asia Pacific markets.

Harvey Hanna  reconfigured 405 East Marsh Lane to accommodate the new regional headquarters of Compassionate Care Hospice (3,000  square feet).

HHA also welcomed Auto Part International (9,000 square feet  to 401 East Marsh Lane to complement existing tenants Speedpro Imaging Company (3,000  square feet ), Sid Tool Company d/b/a MSC Industrial Direct Inc. (6,000 square feet ), and LP Logistics d/b/a Trial Transport (3,000  square feet). Hockessin Crossing shopping center enjoyed another strong year with continued acceleration in retail activity.

Welcomed were  Dr. William Gonce, DDS PA (2,300 square feet) and Schagrin Gas (3,510 square feet)  joining Yale Academy (2,300 square feet), a college preparatory center for high  school students, and Hockessin Dance Center (1,600 square feet), a dance studio versatile to all ages, to the newest building at Hockessin Crossing.

In total,  Harvey Hanna  leased new space encompassing 121,897 square  feet and further extended leases in excess of 705,047  square feet  in 2013.

 

 

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