M id A tlantic Real Estate Journal — The Best of 2019 — March 27 - April 9, 2020 — 15C
www.marej.com
The BEST LARGEST LAND SALE of 2019
NAI Summit Route 519 and Belvidere Rd Belvidere, NJ
Rittenhouse Realty Advisors 4233 Chestnut Street Philadelphia, PA
Colliers International 1386 Schoolhouse Drive New Castle, DE
Size: 190 Acres Brokers: Mark Chubb, Michael Zerbe, Summer Coulter In 2019 Colliers’ logistics team of Mark Chubb, Michael Zerbe and Summer Coulter successfully sold one of the last remaining large pieces of land in Delaware’s New Castle County. A strategic east coast land site, the 190 acre par - cel of industrially zoned land was transferred on behalf of Akzo Nobel to Kansas City-based developer, Northpoint Development. Located at 1386 Schoolhouse Road in New Castle, DE the site is predominantly farmland with a small previously de - veloped portion historically operated on by Stauffer Chem - ical. It will soon be redeveloped by Northpoint as “Dela - ware City Logistics Park” - the premier industrial logistics park within the State of Delaware. The park will feature four industrial buildings totaling over 2 million SF of mod - ern distribution and fulfillment space. The move represents Northpoint’s first investment in Delaware. This sale is now being considered a local model for brown - field redevelopment. The sale also represents a new spark of industrial development for the area, which has so far missed out on the speculative development of large dis - tribution and fulfillment that’s cropped up in nearby Cecil County, Md. and South Jersey.
Size: 37,630+/- SF Brokers: Ken Wellar, Corey Lonberger, Mark Duszak This sale marked the highest price per square foot for a development site at the time in the rapidly growing University City District. Purchased by a partnership between Carlyle/Alterra Property Group, this deal ini - tiated the development of over 300 residential units conveniently located near some of the best educational and medical facilities in the world such as University of Pennsylvania, Drexel University, Children’s Hos - pital of Philadelphia and the Hospital of University of Pennsylvania.
Sarah Finney-Miller
Size: 655+ Acres Brokers: Sarah Finney-Miller
Talen Energy appointed NAI Summit to represent them in the sale and marketing of their property. Sarah Finney-Miller successfully negotiated a sale to the well-known Jaindl Land Company who’s industrial and office projects have led to more than 12,000 jobs in our region and account for over $15 million in local tax revenue annually.
Multi-Family. Mixed-Use. Development.
BOR Jeffrey Goldstein NJ #9110168
Full details and pricing available at www.rittenhouserealty.com
107 S. 2nd Street, 4th Floor Philadelphia, PA 19106 ph. 215.454.2852 info@rittenhouserealty.com
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