Baltimore, MD – Cassidy Turley today announced the sale of Citizens Bank Center, an 18-story, 221,686-square-foot, office tower located at 919 North Market Street in Wilmington, Delaware. Jonathan Carpenter and James Wellschlager of Cassidy Turley’s Capital Markets Group represented the seller, the Receivership Estate Over Specific Assets of B&R 919, LLC. Pennsylvania-based Keystone Property Group purchased the 80% leased building for $22 million.
Jonathan Carpenter of Cassidy Turley commented, “With an irreplaceable location adjacent to the Federal Courthouse along Rodney Square in Wilmington, this landmark building garnered nearly twenty offers from local and institutional investors who recognized the value of a first tier location within a secondary office market”.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.