Three buildings on the southwest corner of Fourth and Market streets in downtown Wilmington have been sold.
Properties located at 317 N. Market Street, 2 W. Fourth Street, and 4 W. Fourth Street were sold by Francis and Margaret Abessinio.
The sales price was not disclosed.
The buyer is the Buccini Pollin Group. Jon Hickey of NAI Emory Hill Real Estate Services, New Castle, was the broker.
The properties are located in the southern gateway to Downtown Wilmington and are in the redevelopment area of Market Street. Buccini/Pollin Group, Wilmington, is the largest development firm in downtown.
Nearby neighbors include the New Castle County Courthouse, Delaware Technical Community College, and the train station.
The seller is a third-generation family owner of the property.
The properties remained in family hands for over 80 years.
In the early 1900s , the property served as the U.S. Post Office for Wilmington. In 1915, the seller’s grandfather, Rocco Abessinio arrived in this country from Bella, Italy and operated a hat cleaning and shoe shine business at the site.
He was succeeded in ownership by his son, Vito M. Abessinio, a Wilmington real estate professional and father of the seller.
