CORFAC News

Newark, Delaware (April 27, 2011) – Patterson Woods Commercial Properties/CORFAC International, a leading full-service commercial real estate provider serving the Delaware market, today announced the completion of  a 1,580 square foot retail lease on behalf of Jake’s Wayback Burgers at 250 Elkton Road, Newark, Delaware 19711.Jake’s Wayback Burgers will occupy the 1st floor retail, highway frontage of the 17,500 square foot, 65-unit mixed-use development, which is owned by Rittenhouse Station, LLC.  Jake’s Wayback Burgers signed a 5-year lease for space that is currently under construction and anticipates being open for business in September 2011.Joseph Latina, Partner with Patterson Woods Commercial Properties/CORFAC International represented tenant Jake’s Wayback Burgers in the lease negotiations. Rittenhouse Station is a mixed use development currently under construction and situated on Elkton Road in the ever growing west campus of the University of Delaware in Newark, Delaware and will contain 17,500 square feet on highway-fronted retail and 65 fully-furnished, high-end 4-bedroom rental units for student housing. Jake’s Wayback Burgers, which started as a regional restaurant chain in Wilmington, Delaware, in 1991 and is now based in Cheshire, Connecticut, expanded throughout the East Coast in recent years and is accelerating its growth. Jake’s website lists 28 “coming soon” locations, including four in Connecticut, two in Delaware, three in New Jersey, six in New York, seven in Pennsylvania, and one in Massachusetts. About CORFAC InternationalCORFAC International is one of the largest commercial real estate services organizations in the world and founded in 1989. U.S.-based CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge, BDIin Mexico,Rios Commercialin Puerto Rico and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion.  For more information on CORFAC contact 954-923-6160, info@corfac.com or visit www.corfac.com.