Patterson-Woods Principal, Richard Dudek, represented the landlord, Opportunity Center, Inc., now known as ServiceSource, in the lease negotiations.
ServiceSource is a nonprofit organization with a mission to facilitate services and partnerships that support people with disabilities, their families, their caregivers, and community members. Prior to leasing their Bowers Street space, Rich helped to relocate ServiceSource to their new location at 13 Reads Way in New Castle.
Patterson-Woods associate, Will Minster, represented the tenant, Second Chances Farm, LLC. Second Chances Farm will convert the one-story warehouse into a plant factory by installing an indoor hydroponic vertical farming system that will grow pesticide and herbicide-free produce.
In addition to their agriculture initiatives, Second Chance Farms also maintains a social initiative by employing ex-offenders and supporting them in their re-entry into the community.
Second Chances Farm will occupy the entire building in a long-term lease. They plan on constructing the hydroponic farming system in September and begin operations immediately.
“I was thrilled to represent Second Chances Farm and founder, Ajit Matthew George, in locating a site within the City of Wilmington, particularly in an Opportunity Zone and a termed distressed area that enables them to begin their social impact mission,” said Minster. “We evaluated numerous locations and determined that 3030 Bowers Street was perfect for this revolutionary venture.”
“When we discovered the intended use was a sustainable business that would bring locally grown organic, herbicide, pesticide free produce to our local restaurants and specialty stores it immediately grabbed our attention,” said Dudek. “The landlord, being a non-profit that has been helping the underserved out of this location since the 1960s, was excited that Second Chances Farms would be able to create a unique product and also employ those trying to get back on their feet. We knew we wanted to try to make this work for everyone and this falls in line with the mission of ServiceSource.”
Patterson-Woods Commercial Properties/CORFAC International is a commercial real estate services firm specializing in the Mid-Atlantic commercial property markets.
For more information on Patterson-Woods/CORFAC International, visit www.pattersonwoods.com.