SALISBURY, MARYLAND – September 30, 2020 –NAI Coastal and Gillis Gilkerson Principal Brad Gillis recently collaborated with Senior Advisor Tom Knopp of SVN Miller Commercial Real Estate to sell 200 Allen Street, an +/- 83,000 square foot industrial building situated on +/- 13-acres in Seaford, Delaware.
Gillis Gilkerson’s development team purchased the property with intent to fill its vacancy within the coming months. The group is well-known throughout the Delmarva-region for their unique ability to transform dated, underutilized buildings into community assets. As with many of Gillis Gilkerson’s past development projects, the Allen Street building is expected to regain a sense of purpose within the Seaford community as it fills with new users.
“We recognize the strength of the industrial asset class throughout the Delmarva Peninsula and see potential for growth in terms of regional distribution,” said Gillis. “The City of Seaford is central to interstates leading to Washington DC, Baltimore, Philadelphia, and Wilmington making the area a prime location for quality warehouse and industrial space—Allen Street provides just that while also presenting us with an opportunity for future redevelopment.”
200 Allen Street is actively listed for lease by NAI Coastal as a part of the firm’s extensive 700,000+ square foot industrial portfolio. The building features 18’ ceilings, five loading docks and two drive-in doors; it can be leased in full or divided to accommodate multiple tenants with a minimum occupancy of 10,000 square feet.
To inquire about availability or other industrial opportunities throughout Maryland and Delaware, contact Brad Gillis at brad@naicoastal.com / 410-543-5115.
About NAI Coastal
NAI Coastal is a full-service commercial brokerage headquartered at Riverview Commons, 150 West Market Street, Suite 101 in Downtown Salisbury, Maryland. The team of ten advisors have comprehensive market knowledge and an unwavering commitment to the Delmarva region. In addition to brokerage and development, NAI Coastal rounds out their service offerings with consulting, which covers leasing, assemblage, acquisition and sale and investment advising. For more information please visit www.naicoastal.com or call 410-543-5115.
