Harvey, Hanna & Associates, Inc. (HHA) announced its Broker of the Year and provided an update on activity at its holdings in Delaware.
Dan Rattay of CB Richard Ellis (CBRE) has been selected as its “2015 Broker of the Year.” Rattay received this honor for the third time in the last four years.
Rattay was instrumental in bringing CEVA Logistics to its first Delaware location, leasing 125,000 square feet of warehouse, office, and distribution space at 800 Ships Landing Way at the Twin Spans Business Park, New Castle.
CEVA Logistics is one of the world’s leading non-asset based supply chain management companies specializing in the design and implementation of industry-leading solutions for freight management and contract logistics.
At the Twin Spans site, CEVA fulfills supply chain requirements for what is described as a multi-national conglomerate serving agricultural, industrial, and consumer markets.
“Dan’s accomplishments remain significant for our continued success, again and continue to demonstrate his many attributes of grit, determination, innovation, and a commitment to excellence,” stated Thomas J. Hanna, HHA vice president and chief operating officer.
In recognition of Rattay’s achievements, HHA will donate $3,000 in the name of CB Richard Ellis to The Delaware KIDS (Kids In Distressed Situations) Fund.
This charitable fund was established by HHA to support causes for local youth, including specialized support for hunger, shelter, and tuition scholarships. Since its inception, The Delaware KIDS Fund has donated $71,000 to local charitable organizations serving kids.
In a review of 2015, Harvey Hanna reported the following:
The Hyatt Place Hotel in Dewey Beach continued to outpace projections, including off-season occupancy rates.
The Hyatt is part of the new Lighthouse Cove Resort complex (formerly Ruddertowne), a multi-phase multi-million dollar mixed-use redevelopment project owned by Dewey Beach Enterprises, with managing partner HHA.
The Lighthouse Cove Resort complex will ultimately include 100-plus luxury residential condominiums, 16 of which are oceanside penthouse condominiums atop the Hyatt Place Hotel; a conference center; recreational by walk and newly expanded public beach; garage parking to accommodate year-round activity; and restaurants and retail space.
Of the 16 oceanside penthouse condominiums, 14 have been sold, with a new 10-unit bayside segment nearing completion, with several units already sold.
Both The Lighthouse Restaurant and award-winning Que Pasa Mexican Restaurant enjoyed another successful year, enhanced by a bayside public beach replenishment project
The Twin Spans Business Park in New Castle, Delaware’s premier warehouse, and distribution campus, enjoyed another busy year. In addition to new occupant CEVA Logistics, HHA successfully renewed leases for other major entities at Twin Spans, including Tire Rack (335,000 sq. ft.), Iron Mountain (200,000 sq. ft.), The Hibbert Group (101,000 sq. ft.), and Timken Gears & Service (45,000 sq. ft.).
Hockessin Crossing Shopping Center enjoyed another exceptional year with modest growth in retail activity. HHA was pleased to welcome new tenants Erik Hoferer of Long & Foster Realty (2,700 sq. ft.) and Be Barre Fit (1,800 sq. ft.), a fitness studio featuring a unique combination of ballet, yoga and Pilates. HHA also renewed Wells Fargo Home Mortgage (4,000 sq. ft.) at Hockessin Crossing.
The Creekwood Corporate Center and the immediate area experienced significant activity in 2015. The General Services Administration renewed a major lease for the federal Social Security Administration (30,000 sq ft) headquarters .
HHA also saw a lease renewal for United Rentals (13,000 sq. ft.) at Creekwood and General Floor (9,600 sq. ft.) located on nearby Bellecor Drive. This West Basin Road area now feaures industrial and consumer supply companies, including Johnstone Supply and Worth & Company.
At Newport Industrial Park, HHA renewed a longstanding lease with Waste Management, Inc. (WMI). WMI projects this location will serve as its major mid-Atlantic hub for decades to come, with value-adding prospects of sustainable energy and environmental retrofits to fuel its 21st Century fleet and transfer station. HHA also reconfigured 403 and 405 East Marsh Lane to accommodate the new regional headquarters of the highly-popular Twin Lakes Brewery (3,000 sq ft) and Carber Testing (5,300 sq ft), a hydrostatic testing company with locations in 13 States and their first foray into Delaware. As the Newport Industrial Park continues its transformation as a 21st Century science and technology oasis, the Town of Newport expects to rename the park in 2016 to better reflect the emergence of the many new science and technology businesses.
In total, HHA leased new space encompassing 143,000 sq ft and further extended leases in excess of 820,000 sq ft in 2015.
Past Winners of the Broker of the Year Award:
2000 – Steve Italiano, CB Richard Ellis
2001 – Peter Greenhalgh, Cushman & Wakefield
2002 – Bart Mackey, Patterson Woods, Dave Veldman, Veldman Commercial
2003 – George Gowen, Avir Realty Group, Fran Mahoney, Cushman & Wakefield
2004 – Greg West, Colliers L&A, Mark Chubb, Colliers L&A
2005 – Bill Goodwin, CB Richard Ellis, Mike Hines, CB Richard Ellis
2006 – Pete Davisson, Jackson Cross Partners, Cindy Fleming, Jackson Cross Partners
2007 – Harry Thomes, The Staubach Company
2008 – Patrick Gioffre, Jim O’Hara Realty Associates
2009 – Stan Danzig, Cushman & Wakefield, Jules Nissim, Cushman & Wakefield
2010 – Ken Parker, Newmark Knight Frank
2011 – Steve Italiano, CB Richard Ellis
Ken Musi, Musi Commercial Properties, Inc.
2012 – Dan Rattay, CB Richard Ellis
2013 – Dan Rattay, CB Richard Ellis
2014 – Colin Flynn and David Ricci – The Flynn Company
2015 – Dan Rattay, CB Richard Ellis
Harvey, Hanna & Associates, Inc. has 3 million square feet of commercial, retail, and industrial real estate in Delaware.
