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Delaware

Bayberry-Town-Center
DelawareDevelopmentNortheastRetail

Blenheim Group Breaks Ground on 280,000 SF Mixed-Use Project in Middletown, Delaware

by Taylor Williams

MIDDLETOWN, DEL. — Blenheim Group has broken ground on Bayberry Town Center, a 280,000-square-foot mixed-use project in Middletown. A 64,000-square-foot Weis Markets with a fuel facility will anchor the property. Other tenants at the development will include a bank, pet store, spa and nail salon. Construction on Weis Markets is scheduled to begin this fall, with the opening of Weis and several other tenants planned for 2025. Upon completion, the project will also feature office space, two green spaces, 145 townhomes and internal street and trail connectivity. Jim Tancredi of LMT Commercial is leasing the retail space.

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DelawareLeasing ActivityLife SciencesNortheast

Phase Sensitive Innovations to Open 12,000 SF Lab Facility in Newark, Delaware

by Taylor Williams

NEWARK, DEL. — Phase Sensitive Innovations, a provider of radio-frequency components, devices and systems, will open a 12,000-square-foot lab facility in Newark, about 15 miles southeast of Wilmington. The new space will complement the company’s existing 20,000-square-foot facility within Sandy Brae Industrial Park. The company plans to hire an additional 20 workers to staff the new facility by the end of the year and add 30 to 40 more jobs in subsequent years.

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DelawareDevelopmentNortheastRetail

Reybold Group Underway on 16,893 SF Retail Center in Bear, Delaware

by Taylor Williams

BEAR, DEL. — Locally based developer and general contractor Reybold Group is underway on vertical construction of a new, 16,893-square-foot retail center in Bear, about 10 miles south of Wilmington. The site is adjacent to the St. Andrews residential community. Upon completion, which is scheduled for later this year, the property will feature eight storefronts. One undisclosed tenant has signed a lease at the development.

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DelawareLeasing ActivityNortheastRetail

Aldi to Open 32,262 SF Grocery Store in Wilmington, Delaware

by Taylor Williams

WILMINGTON, DEL. — German discount grocer Aldi will open a 32,262-square-foot store in Wilmington. Aldi will occupy the site at 4130 Concord Pike, which spans 3.1 acres, for the next 10 years. Jim O’Hara and Neil Killian of NAI Emory Hill Real Estate Services represented the landlord, an entity doing business as LBD Wilmington, in the lease negotiations. Jason Block of MCS represented Aldi.

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DelawareDevelopmentNortheastRetail

Reybold Group Provides Updates on 17.2-Acre Retail Development in Newark, Delaware

by Taylor Williams

NEWARK, DEL. — Locally based developer Reybold Group has provided updates on Pencader Corporate Center, a 17.2-acre retail development in Newark. Wawa recently opened a 5,000-square-foot store at the property, and Great New Beginnings will open a 10,000-square-foot early learning center next fall. Pencader Corporate Center will also feature a 12,000-square-foot, multi-tenant retail building, construction of which is expected to begin in March.

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AcquisitionsDelawareNortheastRetail

FNRP Acquires 119,446 SF Shopping Center in Wilmington, Delaware

by Taylor Williams

WILMINGTON, DEL. — New Jersey-based investment firm First National Realty Partners has acquired Christina Crossing, a 119,446-square-foot shopping center in Wilmington. A 70,000-square-foot ShopRite grocery store anchors the property, which was originally constructed in the late 2000s. Christopher Munley, Jim Galbally, Chris Angelone, Colin Behr, James Graf, Zach Nitsche, Patrick Higgins and Blaise Fletcher of JLL represented the seller, a partnership between DRA Advisors and KPR Centers, in the transaction. The sales price was not disclosed.

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DelawareDevelopmentMultifamilyNortheastSeniors Housing

LCS Completes Renovations at Three Seniors Housing Communities in Delaware

by Taylor Williams

WILMINGTON AND NEWARK, DEL. —Life Care Services (LCS) has completed renovations at three seniors housing communities in Delaware: Foulk Living and Shipley Living in Wilmington and Millcroft Living in Newark. Renovations at Foulk Living included upgrades to the lobby, corridors, fitness center and dining room. In addition, Foulk Living’s independent living cottages are being updated as they become available with new kitchen cabinets, countertops, appliances, flooring, paint, blinds and carpeting. Shipley Living received a new roof, updated exterior, porte-cochère and grand entrance. Inside, the lobby, corridors, communal living room, dining room, bistro and bar were all updated. Millcroft Living’s entrance received a new concierge desk and lobby, as well as a new bar/lounge space, renovated dining room and card room and beautified corridors.

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Agile-Cold-Claymont
DelawareDevelopmentIndustrialNortheast

Agile Cold Storage to Open 275,000 SF Facility in Claymont, Delaware

by Taylor Williams

CLAYMONT, DEL. — Georgia-based owner-operator Agile Cold Storage will open a 275,000-square-foot facility in Claymont, Del., about 25 miles southwest of Philadelphia. The site is located within First State Crossing, an industrial park that is a redevelopment of a former steel mill. Agile Cold Claymont is expected to create 130 new jobs and involve capital investment of more than $170 million over the next five years.

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Tri-State-Industrial-Claymont-Delaware
DelawareDevelopmentIndustrialLoansNortheast

JLL Arranges $56.3M Construction Loan for Industrial Project in Claymont, Delaware

by Taylor Williams

CLAYMONT, DEL. — JLL has arranged a $56.3 million construction loan for Tri-State Industrial, a 525,000-square-foot project that will be located about 25 miles outside of Philadelphia in Claymont, Delaware. The property will feature 40-foot clear heights, an ESFR sprinkler system, 130-foot truck court depths, four drive-in ramps with overhead doors and ample trailer and car parking. Chris Drew, Mike Pagniucci and Michael DiCosimo of JLL arranged the loan through Principal Asset Management on behalf of the borrower, a partnership between New York City-based KPR Centers and Los Angeles-based PCCP LLC.

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DelawareDevelopmentLife SciencesLoansNortheast

MRA Group Receives $63M for Life Sciences Redevelopment in Wilmington, Delaware

by Taylor Williams

WILMINGTON, DEL. — Pennsylvania-based developer MRA Group has received $63 million for the redevelopment of Chestnut Run Innovation & Science Park, a 164-acre, 14-building development in Wilmington. MRA Group will use the funds to continue renovations of the campus’ 14 buildings to support lab, R&D and advanced manufacturing uses. Additional plans for the campus include a hotel, fitness center, conference facilities, an outdoor amphitheater and accommodations for food services. Fulton Bank, in conjunction with Nuveen Green Capital through C-PACE, financed $50 million of the funds, while WSFS Bank provided the remaining $13 million.

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