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 with two million square feet of distribution and fulfillment space.
Colliers International’s Logistics and Transportation Solutions team of Mark Chubb, Michael Zerbe, Summer Coulter handled the sale of the property.
“This site fielded great interest as one uniquely capable of accommodating modern/ bulk industrial development and ability to service the needs of fulfilment, distribution and e-commerce users with a nearly equidistant central location to New York and Washington D.C. – and it is just 40 miles from Philadelphia,” said Mark Chubb, senior managing director of Colliers International, which handled the sale of the property.
“This means it can service millions of customers in the Northeast, Mid-Atlantic and beyond – approximately 43% of the US and 53% of the Canadian population reside within a day’s truck drive.”