The 824 N. Market St. is a 207,500-square-foot building located in Wilmington’s central business district. The ten-story building is home to the Office of the U.S. District Bankruptcy Court, as well as other government entities.
New Jersey-based Chopp Holdings initially invested in the building in April as part of a strategic expansion effort, a release stated.
“We are really excited about this newest acquisition, which is only the start of our presence in Delaware,” said Chopp Holding Owner and Managing Partner, Mark Chopp.“We hit the ground running and construction has already started on fit-outs. This investment speaks volumes to our team’s capabilities and market expertise; it’s really a bright spot in the trajectory of our company.”
The building has street-level dining and retail options including Brew HaHa! Café, Jimmy John’s Gourmet Sandwiches, Santander Bank, T-Mobile, and Edible Arrangements. The building is also equipped with a 24/7-secured lobby and key card turnstile entry. In addition to its current features, the building’s recently completed renovations include updates to all common areas, restrooms, elevator cabs, and common lobbies throughout all floors.
“Chopp Holdings truly understands what tenants want in the Delaware market and have done a tremendous job preparing this fit-out for success,” said Cindy Fleming, leasing agent for the building. “With the building’s security measures and recent renovations, 824 N. Market St. can offer tenants the luxury of modern, in-house amenities in the center of Wilmington.”
Chopp Holdings LLC describes itself as a boutique commercial development and management company. The company owns and manages approximately 1.5 million square feet of office space. Chopp Holdings LLC currently has three properties with more than 200,000 square feet total in various stages of development and construction.
U.S. Bankruptcy Court signed a long-term lease at the building, valued at $20 million, in 2016.
For more information on JLL visit www.jll.com/Philadelphia.