Colliers International - Delaware Business Times

Commercial Real Estate, Manufacturing, News

Developer to build 2M-square-foot logistics park near Del. City

Alex Vuocolo June 12, 2019

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. The Kansas ...

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Commercial Real Estate, Features

Will Barley Mill project hurt downtown Wilmington?

Alex Vuocolo March 6, 2019

By Jon Hurdle Contributing Writer When Barley Mill Plaza opens near Greenville in the next few years, the mixed-use development will be one more option for office tenants looking to locate in the suburbs of ...

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Commercial Real Estate, Features

2018 Economic Forecast: Real estate & construction

Kathy Canavan January 22, 2018

Things may be looking up in real estate and construction for 2018, depending on which county you’re sitting in. Here are things to watch for in the new year: A mood of renewal Functionally obsolete ...

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Commercial Real Estate, Media And Marketing, News, Stuff

Staples opens fulfillment center in Delaware River Industrial Park

Kathy Canavan April 20, 2017

Staples Inc. has moved its New Castle fulfillment center to a 25,000-square-foot site in the Delaware River Industrial Park. Staples, with seven retail stores in Delaware, has leased warehouse and office space at the Harvey, ...

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[caption id="attachment_164601" align="alignnone" width="1024"]

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. [caption id="attachment_195674" align="alignright" width="300"]

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