ILC Dover has relocated its headquarters from its main production site in Frederica to the University of Delaware STAR Campus in Newark.
Real estate brokerage firm Newmark announced a new headquarters lease for ILC Dover for the entire top floor (10,000 square feet) at the Tower at 1000 Discovery Boulevard in Newark.
Newmark Senior Managing Director Wills Elliman, represented ILC Dover, in the lease with the landlord, an affiliate of Delle Donne & Associates, Inc.
ILC Dover serves a range of industries, including pharmaceutical and biopharmaceutical manufacturing, personal care, food and beverage, chemical, aerospace, healthcare and government agencies.
ILC Dover and its main production site in the Kent County is well-known for being the only company to provide every US astronaut a space suit since the very first Apollo mission.
“Due to growth in ILC Dover’s businesses, it needed additional space. The opportunity to be closer to the research and development communities and life science communities in Northern Delaware led to the choice of the Tower at STAR,” said Elliman.
Built in 2018, Tower at STAR is a 120,000-square-foot, ten-story tower with steel structure and glass façade located in the Wilmington South office market. According to Newmark Research, the Wilmington South office market recorded 4.5 million square feet of inventory, an 11.4 percent vacancy rate and 5,872 square feet of absorption in the third quarter of 2020.
Newmark Group, Inc., together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. The company has an office in Wilmington.