Corfac News

www.pattersonwoods.com

Core property segments and services: We provide services for the sale, lease, exchange, appraisal and management of office, retail, industrial, land and investment properties. We also handle a lot of retail and business brokerage and are experts in restaurant sales.

Market areas served: Mid-Atlantic Region, including all of Delaware, Eastern Maryland and Southeastern Pennsylvania.

Member of CORFAC since: 2003

Key Principals: 

W. Duncan Patterson, CCIM President                              (302) 622-3511 

Greg Ellis, CCIM,         Managing Principal            (302) 622-3534

Joe Latina                       Principal & Member of CORFAC Executive Committee (302) 622-3512

How long has Patterson-Woods Commercial Properties/CORFAC International been in business? Principals in our firm have been practicing commercial real estate since 1961. Patterson-Woods emerged from the largest and most successful residential real estate company in the region – Patterson-Schwartz Real Estate – in 1997.

In addition to real estate brokerage, we are home to the leading business brokerage and business transfer specialists in the sale and appraisal of small-to-medium sized, closely held businesses in the Mid-Atlantic. We have considerable expertise in restaurants and bar businesses.

Who are some of your most notable clients? How do you serve them? The majority of our business originates from companies with a strong regional presence, such as First Mariner Bank, Horizon Services, Marlette Funding d/b/a Best Egg, Tipton Communications, Charles Schwab and Bay National Bank.

We have also represented several prominent retailers, including Simon Eye Associates, Calico Corners and restaurant retail chains including Dunkin Donuts, IHOP Restaurants, McDonald’s and Wendy’s.

We have also worked with several influential local developers, including Medori Enterprises, Capano Development and Buccini Pollin Group.

What was your most notable transaction during the past year? In 2015, our most notable transaction was the sale of a 455,000 square foot, 36 acre office complex turned school campus. The buyer, which we represented, purchased the property for $25 million. The purchase was financed through $34 million in bonds issued by the Delaware Economic Development Office (DEDO).

What makes your firm the go-to solution for clients? What do you do better than anyone else in your market? We are the largest local commercial real estate firm in Delaware and our marketplace expertise is equally matched by our impeccable reputation and connection with the communities we proudly serve.

What do you value most about your CORFAC membership? And why do you stay affiliated with the network? Being a member of CORFAC enables us to position our company as a locally based, yet nationally and internationally connected firm. Being active with CORFAC provides us with the opportunity to stay on the pulse of commercial real estate worldwide, form valuable relationships with professionals outside of our market and learn best practices from similar real estate companies.

What’s the most important thing about your firm that you’d like to share with other members? We have the most qualified and enthusiastic agents in this market with a tremendous work ethic. We find solutions for our clients due to our years of experience and our professional connections.