CORFAC News

Patterson-Woods Commercial Properties/CORFAC International, a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets, today announced record sales and leasing activity in 2015, echoing a report by Real Capital Analytics that the national commercial real estate market had its biggest year since 2007.

The largest sale and lease transactions of the year were in the office market. Patterson-Woods represented both the seller and the buyer in the sale of a 455,000 sq. ft. office complex spanning 36 acres at Barley Mill Plaza in Wilmington, DE. The buyers, Odyssey Charter School, Inc., purchased the site for their K-12 school. Patterson-Woods also represented the landlord in a 65,941 sq. ft., ten-year lease of 824 N Market Street. The tenant, U.S. Bankruptcy Court, occupies approximately 33% of the building.

Other significant transactions in 2015 include Patterson-Woods’ representation of the following:

The buyer of a 6.84 AC purchase of a school at 326 Ruthar Drive in Newark, DE.

The buyer of a 43,420 sq. ft. purchase of a retirement home at 1632-1565 W Allen
Street in Allentown, PA.

The seller of a 78,800 sq. ft. sale of an industrial property at 2012 Firedancer Lane in Bear, DE.

The tenant of a ten-year, 10,000 sq. ft. lease at 405 Old DuPont Road.

The seller of a retail/investment property at 20859 Coastal Highway in Rehoboth Beach, DE.

The landlord and tenant of a 28,000 sq. ft. lease of a school at 181 Stanton Christiana Road in Wilmington, DE.
The landlord and tenant of a 27,175 sq. ft. lease of a school at 2201 W 2nd Street in Wilmington, DE.

The buyer and seller of an 18,000 sq. ft., 20-unit multifamily complex at 420-458 Smyrna-Clayton Boulevard in Smyrna, DE.

The seller of a 13,000 sq. ft. investment property at 700-750 Barksdale Road in Newark, DE.

The tenant of a  10,735 sq. ft. office lease at 1523 Concord Pike in Wilmington, DE.

About Patterson-Woods Commercial Properties /CORFAC International:
Patterson-Woods Commercial Properties/CORFAC International is a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets. We have been providing the most complete selection of commercial real estate services to the communities of Delaware, Maryland and Pennsylvania for over 50 years. Patterson-Woods Commercial Properties is a second generation company well known for facilitating solutions to the needs of the business community and developers of real property. For more information on Patterson-Woods/CORFAC International, contact the company's Wilmington, Delaware, headquarters at 302-622-3500 or visit www.pattersonwoods.com.