Real Estate Journal — March 16 - 29, 2018 — 19A
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M id A tlantic
Offering several amenities for businesses that are ready for start-up or expansion Sussex County opens new Delaware Coastal Business Park in Georgetown, DE
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feed into the Norfolk Southern system with connectivity to the CSX system; and is near the Nanticoke River, which links Sussex County to the shipping lanes of the Chesapeake Bay. The Port of Wilmington is two hours north. The Coastal Delaware Business Park offers several amenities for businesses that are ready for start-up or expansion, including: • A low taxable rate on construction ($3.8124 per $100 of assessed value); • Two acres and up leased lots; • High pressure fire protection; • Central water and sewer; • Flood abatement area; • Three-phase industrial power; • Natural gas; • Data via fiber through Verizon and Comcast To learn more about Delaware Coastal Business Park and what we can offer your growing business, or to schedule a site visit, contact Bill Pfaff at (302) 855-7770, via email at william. pfaff@sussexcountyde.gov, or by visiting online at http://www. ExciteSussex.com. See our advertisement on page 22A. n
eorgetown, DE — The new Delaware Co a s t a l Bu s i n e s s
Park is offi- cially open for business this spring, and for any com- pany looking to grow its operations, Sussex Coun- ty ’ s newest
Delaware Coastal Business Park Lot 1
“Our first lot has already been purchased and we’re in the market for new manufacturing tenants,” Pfaff said. “This park is uniquely positioned within a 100-mile radius from the major markets of Washington, Baltimore and Philadelphia.” The park, located next to the Delaware Coastal Airport, a general aviation facility with a 5,500-foot-long main runway, is within an eight-hour drive of a quarter of the U.S. population. “We are excited to have At- lantis Industries as our first tenant, with their operations already underway in the first quarter of 2018,” Pfaff said. “Atlantis is a well-established company that offers a wide range of capabilities for in- jection-molded plastics. Their customers include military,
automotive, medical and plumbing applications, so the park and its proximity to major regional markets have ideally positioned Atlantis to serve and grow its customer base.” Pfaff noted that the 77-acre park and surrounding commu- nity provide a wealth of oppor- tunities, not just in Delaware, but for the entire Mid-Atlantic region and beyond. He pointed to the German flooring manu- facturer, Uzin-Utz, Inc., which chose Delaware as one of its most recent North American manufacturing locations. The area’s amenities, including pristine beaches and inviting state parks, along with its trained work force, award- winning schools, high quality of life, low tax rates, excellent
location and business tax ad- vantages, are evidence that Sussex County is ripe for com- mercial operations. Businesses that locate in the new business park can capitalize on any mode of transportation that suits their needs, including highway, air, rail and waterway access. The park is located along a local truck route with convenient access to major regional and interstate highways, including I-95; is adjacent to a general aviation airport that currently serves aircraft ranging in size from single-engine planes to commercial jets; features access to local rail lines that Delaware Coastal Airport located next to Business Park
William Pfaff
commercial offering is the first place to look in the First State. The shovel-ready business park, located just outside Georgetown, in the heart of the fastest-growing county in the fastest-growing state in the Northeast corridor, features lots of two acres and up. Ad- ditionally, the park offers an array of amenities and must- haves for those businesses looking for a fresh start in a rapidly growing community that is ideally situated to serve markets in the Mid-Atlantic and beyond, said William “Bill” Pfaff, executive director of the Sussex County Office of Economic Development, which manages the park. West Creek Manor, located at 410-1 Westside Blvd. in Roanoke, VA, comprises 25 buildings and 197 units. Built in 1974 and substantially reno- vated in 2010, the garden- style community offers one-, two- and three-bedroom apart- ments, and has a multipurpose community room, playground, 24-hour laundry facility and on-site management. It is con- veniently located on the city bus line, just minutes from the VA Hospital and major employers, and proximate to downtown Roanoke and Salem. Maple Ridge Apartments is a 152-unit, 15-acre, garden- style community in Lynch- burg, Virginia's historic dis- trict. Located at 600 and 601 Reusens Rd., Maple Ridge has ROANOKE AND LYNCH- BURG, VA — Aria Legacy Group (ALG) has acquired its first properties in Virginia for a total of $14.4 million.
Aria Legacy Group enters Virginia multifamily market
West Creek Manor
been renovated by the previ- ous owner prior to the acquisi- tion, including the remodeling of the main lobby, auxiliary entrances, fitness center and common corridors, plus new landscaping. Built in 1981, the property is a mix of one- to three-bedroom apartments with fully equipped kitchens, fireplaces and balconies or
patios. Amenities include on- site laundry, a fitness center, swimming pool, playground and picnic area, and basket- ball and tennis courts. The complex is near downtown, major healthcare facilities, universities, restaurants and shops. It also has easy access to Rte. 29 and the Lynchburg Expressway 501.
Maple Ridge Apartments
“Roanoke is positioned among the nation’s leading mid-sized communities for economic growth and offers exceptional quality of life in terms of its location, out- door and cultural activities, burgeoning food and music scene, and more,” said Joe Novoseller, managing princi-
pal of New Jersey-based ALG. “Lynchburg, with its rich his- tory, also is dynamic in this sense and is benefiting from a significant downtown revi- talization effort, proximity to universities, major healthcare facilities, etc. We are excited to serve the growing needs of these communities.” n
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