CORFAC News

Patterson-Woods Commercial Properties/CORFAC International, a leading full-service commercial real estate provider serving the mid-Atlantic market, announced the completion of the sale of an office building located at 913 Delaware Avenue in Wilmington, DE. The single-story building measures 8,100 square feet and sits on 0.5 acres of land.

The property was sold by Washington Street Realty Company, LLC, a Delaware-based investor, to 913 Delaware Avenue, a Series of KD Financial, LLC, for $1.895 million.

Bart Mackey, a Principal at Patterson-Woods Commercial Properties/CORFAC International, represented the seller in this transaction. The parties settled on January 11, 2018. 

The 913 Delaware Avenue property was built in the 1940’s and served as an A & P grocery store for 30 years. In the early 1970’s, the property was purchased and reconfigured to serve as the flagship office for Patterson-Schwartz Real Estate, where they remained for 35 years. For the past 10 years, the property has been a renal care facility and is currently flagged as a U.S. Renal Care location.

“This prime Delaware Avenue and I-95 exit location has changed ownership for just the second time in almost 80 years,” stated Mackey. “The circumstance was right for the seller and the buyer.”

About Patterson-Woods Commercial Properties/CORFAC International

Patterson-Woods Commercial Properties/CORFAC International is a leading commercial real estate services firm specializing in the Mid-Atlantic commercial property markets. We have been providing the most complete selection of commercial real estate services to the communities of Delaware, Maryland and Pennsylvania for over 50 years. Patterson-Woods Commercial Properties is a second generation company well-known for facilitating solutions to the needs of the business community and developers of real property. For more information on Patterson-Woods/CORFAC International, contact the company’s Wilmington, Delaware headquarters at 302-622-3500 or visit www.pattersonwoods.com.