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Northpoint Development has purchased this land for the future Delaware City Logistics Park. PHOTO COURTESY OF COLLIERS INTERNATIONAL[/caption]
DELAWARE CITY – Dutch manufacturer AkzoNobel has sold a 190-acre industrial site off Del. 13 to NorthPoint Development. The property is largely farmland with a small industrial parcel formerly occupied by Stauffer Chemical.
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NorthPoint plans on developing four buildings totaling 2 million square feet of space on the site near Delaware City. | PHOTO COURTESY OF NEW CASTLE COUNTY[/caption]
The Kansas City-based NorthPoint will redevelop the property at 1386 Schoolhouse Road into the Delaware City Logistics Park, a complex of four industrial buildings with 2 million square feet of distribution and fulfillment space.
NorthPoint has never built in Delaware, but it does have several distribution and logistics facilities in the Philadelphia area. Its previous clients include Amazon, Home Depot, Ford, Kubota and Chewy, among others.
At 2 million square feet, its first Delaware project will apparently be among its largest, as many of its facilities are less than 1 million square feet in size.
“We saw this property as a unique opportunity to capitalize on the positive momentum of the regional market and the limited supply of sites to accommodate large scale development. The strategic location and access to a plentiful and capable workforce provides a terrific opportunity for the modern industrial occupiers whose demands we are building to meet,” said Johan Henrikson, vice president of development with Northpoint, in a statement announcing the deal.
Colliers International's Logistics and Transportation Solutions team of Mark Chubb, Michael Zerbe, Summer Coulter handled the sale of the property.
"This site fielded great interest as one uniquely capable of accommodating modern/ bulk industrial development and ability to service the needs of fulfillment, distribution and e-commerce users with a nearly equidistant central location to New York and Washington D.C. – and it is just 40 miles from Philadelphia," said Chubb, senior managing director of Colliers International, which handled the sale of the property.
"This means it can service millions of customers in the Northeast, Mid-Atlantic and beyond – approximately 43% of the U.S. and 53% of the Canadian population reside within a day's truck drive," he added.
By Alex Vuocolo
