Patterson-Woods Newsletter
September 2018

PATTERSON-WOODS NEWS & RECENT TRANSACTIONS
Scroll Down to View Our Recent Transactions!

"It was a pleasure to, once again, work with Principal Shane Malek and his team at Secure Management as they continue to grow their footprint in the rapidly growing Middletown market," said Latina.

Patterson-Woods Represents Buyer in $1.7 Million Purchase of Middletown Office Building
Joseph Latina represented the buyer, Middletown Business Center, LLC, in the purchase of a 20,160 sq. ft., two-story suburban office building in Middletown, DE. The property, known as Middletown Business Center, was built in 2007. It sits near the Amazon Fulfillment Center just off of Middletown Warwick Road (301). The 1st floor of the building will be the new headquarters of the buyer's commercial property management and development company, Secure Management, Inc. In addition to moving to Middletown, the company is building read more...
Little Falls Centre Tenant Representation
Cover & Rossiter
Bart Mackey represented Cover & Rossiter in the lease of a 10,348 sq. ft. office space at Little Falls Centre I. Cover & Rossiter has moved their full service CPA firm to the first floor space in this newly renovated building on Centerville Road.

Baird Mandalas Brockstedt
Bart Mackey also represented Baird Mandalas Brockstedt in the lease of a 9,149 SF office space at Little Falls I. Baird Mandalas Brockstedt will move into the 4th floor in late September.
Joseph Latina Named Five Star Real Estate Professional for 9th Consecutive Year

Five Star conducts market research to define and promote excellence in several professional industries. The designation is named to those that provide exceptional service to their clients. Less than 7% of professionals in the area receive the Five Star Professional Designation, which has been recognizing individuals since 2003.
Patterson-Woods Facilitates $1.55 Million Sale of Land in New Castle

Greg Ellis, CCIM , represented the seller in the sale of 3.19 acres of land at 144-146 S DuPont Highway. The buyers plan to build an 84,000 SF fully climate controlled, state-of-the-art self-storage facility. read more...


Patterson-Woods Has Exclusive Listing of Legendary Wilmington Nightclub
Joseph Latina holds the exclusive listing for legendary Wilmington nightclub spot most recently known as Lavish. Previously known for Porky's and The Alley, the 6,000 SF space is available for lease at $15/SF. The nightclub sits across from the $40 million, 5-story mixed use redevelopment project at Pennsylvania Ave & N Grant Avenue.

"The ideal location, ceiling heights and flexibility and responsiveness of the landlord, McConnell Development Inc., made this a desirable choice for the tenant," said Ellis. "We evaluated many options in the area and determined 300 Centerpoint provided the best solution for the needs of this company."

Patterson-Woods Represents Washington State Tech company in First East Coast Lease
Greg Ellis, CCIM , represented the tenant, FS.com, in the lease of a 43,625 square foot industrial space for their first east coast location. FS.com is a leading communications systems integrator and optical solutions provider based in Renton, Washington. The company will occupy office and warehouse space in the building owned by Centerpoint 300, LLC. Ellis was referred to FS.com by Arne Svendsen of the Andover Company, Inc., a fellow CORFAC brokerage firm in Washington. read more...

Out & About Summer 2018
Patterson-Woods Principal Joseph Latina attended ICSC RECON Las Vegas - the world's largest global gathering of retail real estate professionals. Latina represented Patterson-Woods at the CORFAC International Booth with fellow CORFAC firms Blue & Obrecht, Commercial Properties, Inc., MDL Group, TRI Commercial, and Wolf Commercial Real Estate.
CORFAC firms Patterson-Woods and Wolf Commercial
together for a business dinner in June.
Members of Patterson-Woods at an annual outing
at the Delaware Park Race Track in June.
Recent Transactions
OFFICE
Dan Lesher represented the landlord, International Literacy Association, in the lease of a 28,977 sq. ft. office building at 800 Barksdale Road in Newark, DE.
Rich Dudek represented the tenant, Opportunity Center, LLC, in the lease of a 10,324 sq. ft. office space at 13 Reads Way in New Castle, DE.
Bart Mackey represented Elzufon Austin and Mondell in the renewal of a 13,445 sq. ft. office space, the 17th floor of 300 Delaware Avenue in Wilmington, DE. Elzufon Austin and Mondell is committed to the city, and their renewal commenced on June 1.
Michael Willey represented the landlord, Jrajesh Patel, and Tom Ryan represented the tenant, MedExpress, in the lease of a medical office space at 2327 Pulaski Highway in Northeast, Maryland.
Chris Moore, CCIM and Marvin Sachs represented the seller in the sale of a 6,750 sq. ft. office building at 1216-1218 N Market St in Wilmington, DE.
Dan Lesher represented the tenant, International Literacy Association, in the lease of a 6,075 sq. ft. office at 258 Chapman Road in Newark, DE.
Tony Bariglio and Mike Willey represented the tenant, The Bryn Mawr Trust Company, in the lease of a 4,164 sq. ft. retail space at 4001-4006 Kennett Pike, Suite 100 , in Greenville, DE.
Bart Mackey represented the landlord in the lease of a 2,160 sq. ft. office building at the Willowdale Town Center in Kennett Square, PA. A longtime Kennett Square business, Foot & Ankle Associates moved into Building 6 in June.
Rich Dudek represented the tenant, Symrna Dental, in the lease of a 1,860 sq. ft. office at 679 S. Carter Road, Suite 5 , in Smyrna, DE.
Bart Mackey represented the landlord, 5802 Kennett Pike, LLC, in the lease of a 1,342 sq. ft. office space at 5802 Kennett Pike in Centerville, DE. House of Real Estate, a boutique residential real estate firm, moved in late August.
RETAIL
Tony Bariglio represented both the seller, Hessler Properties, Inc., and the buyer, Parkway Gravel, Inc., in the sale of a 139,633 sq. ft. retail building at 2225 Hessler Blvd in New Castle, DE.
Tony Bariglio represented both the seller, Hessler Properties, Inc., and the buyer in the sale and purchase of a 26,000 sq. ft. retail building at 1010-1020 N Union Street in Wilmington, DE.
Tony Bariglio represented both the seller, Hessler Properties, Inc., and the buyer, Dr. Kim, in the sale and purchase of an 11,760 sq. ft. retail building at 912-916 N Union Street.
Joe Latina represented the tenant, GAYTRI, Inc., in the lease of a 8,935 sq. ft. retail space known as Hedgelawn Plaza in Middletown, DE.
Tony Bariglio represented both the seller, Hessler Properties, LLC, and the buyer, Rojan Sav 418, LLC, in the sale of a 3,675 sq. ft. retail building at 211 N. Union Street in Wilmington, DE.
McLane Hendriks represented the landlord, Ahoy Capt GMD, LLC, in the lease of a 2,300 sq. ft. retail space at 16 Wilmington West Chester Pike in Chadds Ford, PA.
Rich Dudek and Mike Willey represented the tenant, The Cleaning Authority, in the lease of a 1,400 sq. ft. retail space at 222 E Glenwood Avenue in Smyrna, DE.
Joe Latina represented the tenant, HB, LLC, in the lease of a 1,200 sq. ft. retail space at 4738 Limestone Road, Unit 16 , in Wilmington, DE.
Vincent White represented both the landlord, 811 Trolley Square, and the tenant, Erica Felder, in the lease of a 1,000 SF retail space at 8B Trolley Square.
Chris Moore, CCIM, represented the buyer in the purchase of a 6,900 sq. ft. retail building at 120 W Main Street in Felton, DE.


LAND
Tony Bariglio represented both the landlord, Judoman, Inc., and the tenant, Odyssey Charter School, in the lease of 11 parking spaces for school vehicles and busses at 405 Old DuPont Road in Wilmington, DE.
Chris Moore and Charles Woods represented the seller, Bangalore T. Lakshman, in the sale of a 2.5 AC parcel at 51 Huntfield Drive known as BTL Plaza in Smyrna, DE.
Rich Dudek represented the seller, Maggie Group, Inc., in the sale of .20 acres at 1454 Pulaski Highway , known as Elizabeth Plaza, in Newark, DE.

INDUSTRIAL
Rich Dudek represented the buyer, Larry Le, in the purchase of a 42,305 sq. ft. industrial building at 14 Garfield Way in Newark, DE.
Will Minster represented the landlord, Northeast Warehouse Acquisitions Company, LLC, and McLane Hendriks represented the tenant, VituMob, LLC, in the lease of a 2,500 sq. ft. industrial space at 1255 E 16th Street in Wilmington, DE.
Rich Dudek represented both the landlord, GTCA Properties, LLC, and the tenant in the lease of a 2,100 sq. ft. industrial space at 13 King Court in New Castle, DE.
Greg Ellis, CCIM , represented the landlord, Delaware Offices, LLC, in the lease of a 1,825 sq. ft. office building at 2002 W 9th Street in Wilmington, DE.
Rich Dudek represented the landlord, NuCar Connection, Inc., in the lease of a 1,225 sq. ft. industrial space at 186 N DuPont Highway in New Castle, DE.

SPECIALTY
Joe Latina represented the tenant, Babes on the Square Too, Inc., in the lease of a 14,890 sq. ft. daycare space at 1413 Foulk Road, Suite 100 , in Wilmington, DE.
Vincent White represented both the landlord and the tenant in the lease of a 2,490 sq. ft. worship space at 4101 N Market Street #3 in Wilmington, DE.

BUSINESSES
Joe Latina and Mary Ann Heesters represented the seller, Edward J. Henry & Sons, Inc., in the sale of the automotive business at 2300 W 4th Street in Wilmington, DE.
Joe Latina and Mary Ann Heesters represented the seller, Gerjoe, Inc. in the sale of their turn-key restaurant business, Catherine Rooney's Restaurant, located at 102 E Main Street in Newark, DE.

Joe Latina & Mary Ann Heesters represented both the seller and the buyer in the sale and purchase of a restaurant business at 1307 N Scott Street in Wilmington, DE.
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