The lease runs for 10 years; further terms of the signing were not released. Wilmington Trust was represented in the deal by Jerry Fennelly and Andy Weinstein of the Hamilton-based NAI Fennelly. The locally based Hilton Management was represented in-house by Matt Malatich and Mark Hill.
Located within the Carnegie Center business park, 902 Carnegie Center rises five stories and sits on a 10-acre site adjacent to a Marriott Residence Inn. Features include a two-story atrium lobby, covered parking and 28,000-sf floorplates. "The building can accommodate office requirements from 4,800 sf to 40,000 sf," Malatich says.
The building is slated for completion and occupancy this spring, and the Delaware-based Wilmington Trust will be relocating from its existing area site later in the year. The site will house the financial institution's regional banking, wealth advisory and corporate client services business units.
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