NAI Coastal, Salisbury and Gillis Gilkerson Principal Brad Gillis recently collaborated with Senior Advisor Tom Knopp of SVN Miller Commercial Real Estate to sell 200 Allen Street, an 83,000 square foot industrial building situated on acres in Seaford.
The selling price was not disclosed.
Gillis Gilkerson’s development team purchased the property with the intent to add tenants coming months.
“We recognize the strength of the industrial asset class throughout the Delmarva Peninsula and see potential for growth in terms of regional distribution,” said Gillis. “The city of Seaford is central to interstates leading to Washington DC, Baltimore, Philadelphia, and Wilmington making the area a prime location for quality warehouse and industrial space. Allen Street provides just that while also presenting us with an opportunity for future redevelopment.”
The Allen Street property is actively listed for lease by NAI Coastal as a part of the firm’s 700,000-plus square foot industrial portfolio. The building features 18-foot ceilings, five loading docks, and two drive-in doors. It can be leased in full or divided to accommodate multiple tenants with a minimum occupancy of 10,000 square feet.