Real Estate Journal — August 10 - 23, 2018 — 13A


M id A tlantic

Forget what you ‘knew’ about NewCastle County The ‘New’ in New CastleCounty,Delaware

Multifamily includes +/-10,600 s/f retail space DSMCos. announce approval for Newark, DE mixed-use

n 2016, New Castle Coun- ty residents elected an entrepreneur to the post of County Executive. Matt Meyer, a corporate attorney by training, had launched two successful businesses, served as an American diplomat in Iraq on an economic develop- ment mission and worked as an economic development advisor to former Delaware Governor JackMarkell before running for office. The new County Execu- tive brings a fresh perspective to county government and busi- ness expansion. So, what’s ‘new’ in New Castle County? “The County Executive was purposeful in bringing in a diverse leader- ship team of smart, ethical and innovative professionals who share his commitment to creative ideas, best practices, and tackling issues that have plagued the county for years” said Tamarra Morris, Director of Economic Development. Morris joined county gov- ernment with more than 15 years of experience in the pri- vate sector. Most recently, she was responsible for new business development, sales, and marketing for a global firm specializing in real estate development, construction, and property management. One of the County Executive’s fresh ideas is an innovative ap- proach to reform the Depart- ment of Land Use’s develop- ment review process. Develop- ers want predictability when it comes to the planning process. For this reason, the county’s new “Fast Track” initiative streamlines the process for job- creating development projects by employing electronic plan review and improving coordina- tion between land use planners and the Delaware Department of Transportation (DelDOT). As a result, the county now has an unprecedented ability to push important projects for- ward and bring much needed employment opportunities to county residents. Fast Track completed the planning process for a Major Land Development Plan for the new Incyte head- quarters in a record-breaking I

Park N Shop rendering

apartments on the second and third floors. DSM Companies is commit- ted to making Park N Shop a destination for residents, as well as, bringing in outside business. In addition to the new retail development, DSM has been recognized for at- tracting Jerry’s Artarama, Anytime Fitness, DP Dough and Good Uncle to the recently renovated Park N Shop. 

NEWARK, DE — DSM Companies is excited to an- nounce the unanimous ap- proval to build apartments and additional retail space in the Park N Shop Shopping Center in Newark. The closed M&T Bank building at the corner of South Main St. and Apple Rd. will be replaced with a three-story building con- taining +/-10,600 s/f of retail space on the first floor and 12

County Exec. Matt Meyer and Dir. of Economic Dev., Tamarra Morris

225 days. (stock photo of In- cyte building from last year’s article) New Castle County is also working to build a culture of collaboration with other eco- nomic development agencies like the City of Wilmington Mayor’s Office of Economic Development, the Delaware Prosperity Partnership and the State of Delaware Division of Small Business, Develop- ment and Tourism. “The goal: to develop an uncomplicated system that prioritizes small business support and makes the planning process easy. The ‘new’ in New Castle County is our unapologetic commit- ment to rebranding the largest county in Delaware as Open for Business,” said Morris. “The tremendous advantage to be- ing a small state is the ability to quickly communicate with elected officials and get the right people to the table”. The county’s Department of Economic Development is especially focused on support- ing innovation and entrepre- neurship. Whether a graduate student is seeking affordable laboratory space to research new chemistry or a technol- ogy startup has discovered a new application to streamline reverse logistics, New Castle County has options. The Dela- ware Innovation Space, located at the DuPont Experimental Station, and the Emerging Enterprise Center (housed within the New Castle County Chamber of Commerce) are just two of many incubator spaces and business support resources

committed to fostering growth of new enterprise. And to further support small business enterprises, the Meyer administration is launching NCCInnovates. Announced in March 2018, NCCInnovates is a targeted initiative that will provide small grants to startup business owners. These entre- preneurs will compete in pitch contests, and the winners will receive small grants for their businesses. “A few thousand dollars won’t mean much to a company the size of Incyte, but it could be a game changer for an entrepreneur searching for seed money to build a pro- totype”, said Morris “Delaware universities are producing fu- ture leaders in BioTech, Chem- Tech and Life Sciences and it is our responsibility to foster an environment of support so new companies are created right here”. Morris has also observed that the county lacks a cohesive resource and service database for entrepreneurs. Businesses need direct access to assistance and that is why New Castle County is a proud supporter of DelawareIQ. Slated for go live in 2018, DelawareIQ is an online, centralized resource for some of Delaware’s strongest industries, including FinTech, Life Sciences, Chemistry &Ma- terials, LegalTech and Small Business Entrepreneurship. With DelawareIQ, entrepre- neurs will have access to a comprehensive database of resources and service providers focused on NewCastle County’s continued on page 18A

Lee & Associates brokers 23,435 s/f lease to Utz Quality in Columbia, MD

8909 McGaw Court

single-story building featur- ing 18-22 foot ceiling heights, multiple platform loading docks and large bays that of- fer outstanding flexibility for end-users. It is situated near Snowden River Pkwy. and offers immediate access to Maryland Rte. 175 and I-95. UTZ Quality Foods intends to utilize the location for logistics and warehousing to serve the greater Baltimore-Washing- ton, DC marketplace. In addition to UTZ Quality Foods, Lee & Associates has brokered leases this year with Classic Brands (18,759 s/f); NEARCommunications (9,401 s/f) and Game of Rooms (8,802 s/f). 

COLUMBIA, MD — Lee & Associates Maryland , a fully-integrated commercial real estate brokerage and management firm has bro- kered a 23,439 s/f lease with UTZ Quality Foods at 8909 McGaw Court in the Columbia section of Howard County. The building is owned by Velsor Properties . Allan Riorda, SIOR , principal; Kate Jor- dan, SIOR, principal; Marley Welsh , senior associate rep- resented the landlord in this transaction. The lease elevates the occupancy of the 141,000 s/f warehouse and industrial building to 86%, a figure that stood at 57% this February. 8909 McGaw Court is a

Made with FlippingBook - Online catalogs