Atapco Properties has recently awarded the NGKF Capital Markets team of Michael Margolis, David Dolan and Brett Segal, along with local market experts Neal Dangello and Wills Elliman of NGKF’s Wilmington office, the investment sale assignment of Christiana Executive Campus located in Newark, Delaware.
At 76 percent occupancy, Christiana Executive Campus offers a diverse rent roll of 85 tenants, which offers exceptional cash flow and will appeal to value-add private investors and funds.
Christiana Executive Campus comprises six buildings totaling 448,712 square feet. Located at the intersection of I-95, Routes 7 and 1, the campus has unmatched vehicular accessibility not only to the Philadelphia Metropolitan Statistical Area (MSA), but also the Wilmington CBD, Southern New Jersey, Baltimore and Washington D.C. The campus is also conveniently located near major amenities centers including an on-site Hilton Hotel and Extended Stay America. Center Point Plaza, a community shopping center across Churchman’s Road, includes a variety of retailers with ten dining options. Less than one mile away is Delaware’s premier Christiana Mall, which features a Nordstrom’s and three other anchor tenants and a large variety of additional merchants.
The adjacent Christiana Hospital Complex and Bank of America Campus also helps fuel tenant demand for companies that want to be in close proximity to potentially provide them with services or supplies.
Christiana Executive Campus is part of the Southern New Castle County submarket which currently has the lowest vacancy rate in New Castle County.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
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