NEW CASTLE, DE-CAD Import has signed a 27,000-square-foot, three-year lease at 600 Ships Landing Way here.
Cushman & Wakefield, which represented CAD Import in the transaction, says the deal was fueled by CAD's entrance into the export business.
Located within Twin Spans Business Park, 600 Ships Landing Way is the second location in Delaware for the health and beauty products importer, which also has locations in Ohio and Guatemala. Operating primarily as an importer, CAD will utilize the New Castle site for exporting as the company expands and diversifies into that sector.
Ernie Felici, Jr. and John Birmingham, III of Cushman & Wakefield's Wilmington office, along with Bob Wheatley of Alliance Real Estate Professionals of Laurel, represented the tenant in the transaction. The building owner, Gedric DE LLC, was represented by Mitch Berkowitz and Sean McCue of Deaton McCue and Company.
Felici says the focus of the site search for CAD was proximity to the Port of Wilmington, which the Ships Landing Way location provides.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
