(Photo courtesy of Pettinaro)
Delaware’s most distinctive office building is for sale.
Greg Pettinaro recently confirmed that Christina Crescent on the Wilmington Riverfront is now available.
The building, constructed in 2007, houses Delaware operations of banking giant Barclays. Other than its ground floor area, Christina Crescent is fully leased.
The listing agent is Newmark, which has an office in Wilmington.
“Newmark is pleased to be the exclusive agent marketing the Christina Crescent office building on the Wilmington Riverfront, which offers a dynamic live, work, play location,” said Neal F. Dangello, senior managing director. “The Christina Crescent offers a unique opportunity being an investment grade, single-tenant office building designed and built for Barclays Bank Delaware. It’s a true trophy class asset garnering interest from both domestic and foreign investors.”
Pettinaro is known for its develop, buy and hold strategy when it comes to a regional portfolio of office properties, shopping centers, and apartments.
However, sales activity has been strong in recent years, with the riverfront remaining an area of interest for tenants.
The sprawling Riverfront has emerged as a largely walkable neighborhood with apartments, condos, restaurants, and a movie theater. It is also near the Wilmington Train Station which serves Amtrak and SEPTA travelers.
Last week, the Chase Center on the Riverfront was the setting for the victory celebration for President-Elect Joe Biden and running mate Kamala Harris.
Christiana Crescent stands out in a city not known for adventurous architecture. Design and construction services were handled by Pettinaro, which also used outside firms, according to a website description of the building.