Patterson-Woods and Associates/CORFAC International Awarded Exclusive Leasing Assignment
Posted : 10/05/2012
Patterson-Woods & Associates/CORFAC International, a leading full-service commercial real estate provider serving the extended northern Delaware market, today announced their exclusive leasing assignment for a 204,000-square-foot Central Business District (CBD) office building with ground level retail space on behalf of property manager, Daymark Realty Advisors.
The property, 824 N. Market Street, is a 10-story, Class A, CBD office building with flexible space options available. Office suites are available from 1,000 square feet to entire floor plate, which are close to 20,000 square feet. The largest tenant in the building is the U.S. Bankruptcy Court and the building is approximately 72% occupied.
Bart Mackey, Vice President & Partner, and Chris Lee, CCIM, Vice President, of Patterson-Woods & Associates/CORFAC International will be managing the leasing assignment.
“The high quality of the building, the Central Business District location and immediately adjacent dining and retail amenities make this building a premier location within Downtown Wilmington,” said Bart Mackey. “Because the U.S. Bankruptcy Court is located within 824, many law firms have found tenancy in 824 to be incredibly convenient,” Mackey added.
The building is a short walk from Amtrak’s Wilmington Train Station and 25 minutes from the Philadelphia International Airport.
The Central Business District Wilmington inventory of office space is approximately 7.5 million square feet and the vacancy rate at mid-year 2012 is approximately 20 percent.
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