DOVER, DE—A private buyer has acquired a seven-asset officeportfolio here for $26.6 million. There are sixbuildings located at 800-861 Silver Lake Rd.,comprising 170,696 square feet. Then, two miles to the south at100 Enterprise Pl, there is a seventh buildingthat is 55,050-square feet. All together, the 225,746-square footportfolio is 97% occupied. Most of that space—80%--is utilized byvarious Delaware state agencies.
David Dolan, Michael Margolis, Joseph Sklencar Sr. andBrett Segal of Newmark Grubb Knight FrankCapital Markets in Philadelphia marketed the properties, along withNeal Dangello based in Wilmington, DE.
The Silver Lake campus is located on the western shore of SilverLake. It also includes a six-acre site that has been approved foran additional 60,000 square feet of office space development.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
