Harvey, Hanna & Associates, Inc. (HHA), Newport, announced that David Ricci and Colin Flynn of The Flynn Company, Philadelphia, have been selected as its “2014 Brokers of the Year.” The announcement was contained in the company’s annual recap of leasing activity.
Ricci and Flynn contributed to HHA’s continued success in 2014, facilitating the lease of a new tenant, Art Guild, into 23,856 sq. ft. of warehouse, office and showroom space at 200 Anchor Mill Road in the Twins Spans Business Park, New Castle. Art Guild specializes in the creation and management of 3-D marketing, educational and event programs.
Twin Spans has 1.85 million square feet of Class A commercial warehouse space spread across 135 acres of land along the Delaware River.
Twin Spans is the home of Lyon Conklin Corporation; Hibbert Group; Iron Mountain Records Management; Philadelphia Gear; Scotts Lawn Service; Speakman Company; Zenith Products Corp.; Tire Rack; WarpEx, Inc.; PODS Inc.; Five Below; Canada Dry; and Legacy Supply Chain Services.
“We are excited to welcome Art Guild to Twin Spans, as they bring a cutting-edge business model to the industry along with value-adding products, jobs and services to the local economy,” stated E. Thomas Harvey, President, HHA.
“We thank and congratulate David and Colin for their hard work and commitment to excellence to bring us a value-adding, stellar tenant,” stated Thomas J. Hanna, chief operating officer. In recognition of Ricci and Flynn’s achievements, HHA will donate $3,000 in the name of The Flynn Company to The Delaware KIDS (Kids In Distressed Situations) Fund. This charitable fund was established by HHA to support a wide array of causes for local youth. Harvey, Hanna also reported:
Dewey Beach Enterprises (DBE), with managing partner HHA, is accelerating progress on the redevelopment of Lighthouse Cove (formerly Ruddertowne) in Dewey Beach into a 21st Century mixed use resort.
As part of phase 1 redevelopment, the Hyatt Place Hotel Dewey Beach, the first-ever Hyatt brand in Delaware, enjoyed a successful first year, with occupancy rates exceeding projections.
The new resort also features 16 luxury Oceanside penthouse condominiums, The Residences at Lighthouse Cove, atop the Hyatt Place Hotel, of which 15 ) condos have already sold at an average purchase price of $695,314, nearly twice the market per square foot value.
The Lighthouse Cove Resort complex will ultimately include 105 luxury residential condos, with new bayside condo construction.
The resort will ultimately feature a future conference center; recreational baywalk; garage parking; and newly configured restaurants and professional/retail space.
At the Newport Industrial Park, HHA welcomed SOS Call Center (3,000 sq. ft.), Shipping 25 LLC (2,000 sq. ft.), and Tech World Corp (1,000 sq. ft.). HHA also saw renewed leases nearby with General Floor Industries (9,600 sq. ft.) on Bellecor Drive, New Castle; Radio Shack (2,300 sq. ft.) in the Creekwood Corporate Center; and Ribbons & Bows Daycare (4,900 sq. ft.) in Newport.
WarpEx, Inc., a global logistics network firm founded in 2008, broadened its relationship with Harvey, Hanna and doubled its presence to 62,174 sq. ft. at 599 Ships Landing Way at the Twin Spans Business Park in New Castle.
Renewals at the Delaware River Industrial Park included Southern Wine & Spirits at 7 Harbor View Drive (11,200 sq. ft.) and 21 Harbor View Drive (22,600 sq. ft.); and Harbour Textile (14,800 sq. ft.), located at 17 Harbor View Drive.
Hockessin Crossing shopping center welcomed Be Barre Fit (1,800 sq. ft.), promoting low-impact yoga, Pilates, and dance for all ages. Hockessin renewals included Six Paupers Restaurant (6,000 sq. ft.) and Produce for Better Health (PBH) Foundation (1,600 sq. ft. In total, HHA leased 31,856 sq. ft. of new space and further extended leases in excess of 135,000 sq. ft. in 2014.
