Category: Commercial Real Estate

Dutch manufacturer AkzoNobel has sold a 190-acre industrial site in New Castle to Northpoint Development. The property is largely farmland with a small industrial parcel formerly occupied by Stauffer Chemical. The Kansas City-based Northpoint Development will redevelop the property at 1386 Schoolhouse Road into the “Delaware City Logistics Park,” a complex of four industrial buildings…

Rehabbing of homes on crucial downtown corridor under way

Work started in May on a major neighborhood redevelopment project along a primary gateway to Wilmington from Interstate 95 on Ninth Street between North Monroe and North Adams streets. The Wilmington Neighborhood Conservancy Land Bank (Land Bank) has assembled nine properties in the 800 block of W. Ninth St., and is working with the National…

Capital One is stepping up to fund the second phase of development at the former AstraZeneca North Campus outside Wilmington. The bank announced on May 22 that it has provided a $68 million five-year loan to Brandywine Investment Group II, an affiliate of Delle Donne & Associates that is financing the next stage of development…

Iron Hill Brewery & Restaurant announced on May 20 that it has signed a lease for their 11th Pennsylvania location on South Eagle Road in Newtown. The opening is part of the Delaware-headquartered company’s larger initiative to operate “20 restaurants by 2020.” Iron Hill Newtown is part of the Village at Newtown Shopping Center in Bucks…

The Blue Hen Corporate Center in Dover is making a comeback — one tenant at a time. The U.S. Department of Veterans Affairs on May 1 announced plans to relocate its Wilmington VA Medical Center to 655 South Bay Road in the Blue Hen Corporate Center. As part of the move, the outpatient clinic plans…

Goldey-Beacom College (GBC) broke ground Wednesday, April 24 on a $30 million campus expansion and renovation project at the corner of Limestone and Stoney Batter roads The new facility includes the construction of William A. Franta Hall, a new five-story residence hall featuring single and double dormitory-style rooms, study rooms and lounges on each floor, and…

Harvey Hanna & Associates, Inc., the commercial real estate redevelopment firm, on April 22 announced the launch of a website, GMBoxwoodFacts.com, to provide Wilmington-area residents and other interested parties with important information regarding its ongoing redevelopment of the former General Motors plant in Wilmington. The demolition that commenced in November 2018 is planned to be…

By Peter Osborne East Pointe Apartments: The new owners did not respond to repeated calls for comment, but they have changed the name of the complex to Hillside Pointe Apartment Homes. Pencader Corporate Center/Southgate Industrial Park: The four buildings were purchased by an investment fund whose managing partners are principals of Emory Hill. Between the…

Delawareans looking for a piece of coastal living are leading a buying spree in Lewes. A new 423-home community called Governors, developed by Jack Lingo Asset Management with construction by the Schell Brothers, has sold 110 homes since launching sales in June 2018. Schell Brothers Community Sales Manager Adam Pettengell says the lack of residential…