NAI Emory Hill Sells Warehouse During Pandemic

Wilmington, DE – NAI Emory Hill (www.naiemoryhill.com) is pleased to announce the sale of 3 James Court in the City of Wilmington, a 23,000 SF Industrial Building with dock and drive in loading. 3 James Court located off of South Market Street, between the new Christina River bridge and the 76ers field house and in a federally recognized QOZ.

Tim Plemmons and Neil Kilian, of NAI Emory Hill, represented the seller in this transaction. Senior Associate Tim Plemmons commented, “an increased demand for industrial buildings like 3 James Court coupled with a low interest rate environment makes now a compelling time for owners of industrial buildings to liquidate and get top dollar.”

The quick sale of 3 James Court highlights the power of the team approach at NAI Emory Hill. Neil Kilian, Principal at NAI Emory Hill, noted, “Our high-powered marketing approach actually coincided with the start of the pandemic, nonetheless, we generated multiple competing offers which led to above asking price cash offers. NAI Emory Hill’s team approach often yields optimal results for the property owners we represent throughout the Mid-Atlantic region.”

About NAI Emory Hill: NAI Emory Hill is a completely full-service commercial and residential real estate firm serving Delaware and the surrounding counties of Maryland, New Jersey and Pennsylvania. Founded in 1981, we have the resources to design, build, finance, lease, sell, manage and maintain commercial and residential properties throughout the Mid-Atlantic.

Comments

Starbucks’ $10 Million Sustainability Play

As environmental awareness becomes more prominent, sustainability is a growing concern within the professional world. During the past few years, countless retail brands have made moves to reduce waste and become more eco-friendly. When companies are so large, the little things can make a huge difference. Even something like printing receipts on recycled paper can save thousands of trees per year. When so much power rests in their hands, brand responsibility is an important factor for success in today’s world; and consumers are looking for companies that care. One such example is Starbucks’ recent quest for a better cup. Let’s dive into the details while examining the larger relationship between retail and sustainability. The Journey Begins In 2008, Starbucks publicly set intensive goals to reduce its environmental footprint. Two years later, they promised that all of their cups would be reusable or recyclable by 2015. Unfortunately, it’s 2019 and this still hasn’t ...

Will Tech Replace Humans in CRE Valuations?

Real estate has always been one of the more traditional fields; one that has often been minimally changed by evolving technology and heavily reliant on human interaction. However, in the last 5 years or so, technology has seemed to seep into every profession, including real estate. This has mainly been a positive advancement—allowing brokers to reach more potential clients, be more efficient in closing deals, and allowing paperwork and contracts to be virtually delivered, signed and cataloged. This all sounds amazing, but many are concerned that technology will eventually replace human jobs. One question asked is if new and expanding technology will ever replace the “human element” in commercial real estate, specifically in the appraisals and valuations area. In short, the answer is no—but let’s see why and how technology can still be a valuable addition to CRE valuations andappraisals . Why Won’t Tech Phase Out Humans In Valuations? Valuations are...

Multi-Location Delaware Daycare For Sale

Looking to sell a Daycare in Delaware, New Jersey, Maryland, or Pennsylvania? Let our team of experienced Mid-Atlantic Business Brokers help you maximize your work. State of Delaware The State of Delaware is strategically located in the heart of one the nation’s busiest metropolitan corridors, between New York and Washington, D.C. The region is home to 56 million residents, roughly one-sixth of the nation’s entire population. New Castle County is an affordable metropolitan option that is situated in the heart of Delaware with great access to the leading markets on the eastern seaboard. Overall, Delaware has the strongest state economy in the region with lower than average unemployment, a fair and equitable tax system and a well-trained workforce. Delaware is a no sales tax State that has instituted conservative spending programs that has bolstered the economy since the 1980’s. More than 50% of all U.S. publicly traded companies and over 60...

Commercial Real Estate Blog | NAI Emory Hill

Search This Blog