SALISBURY, MARYLAND – August 13, 2020 –Principal Chris Gilkerson represented the Bank of Delmarva in their recent purchase of 2013 Northwood Drive, a +/- 10,600 square foot office building in the heart of Salisbury’s busiest professional and industrial park. After coming up short in their search of active listings, Gilkerson creatively sourced the Northwood property, which was originally listed only for lease.
“I am so pleased that this site became available for the bank’s new training and development center,” said John Breda, President and Chief Executive Officer of the Bank of Delmarva. “Thanks to the professional team involved, we were able to purchase rather than lease, and make the improvements we wanted with the help of Gillis Gilkerson. This particular location is conveniently located near our bank’s headquarters and could not have worked out better for us.”
It was determined that upon subdivision and purchase, significant renovations would need to take place in order to accommodate the bank’s intended use—team training and development. Gilkerson utilized NAI Coastal’s development partnership with Gillis Gilkerson to assist the Bank as they navigated the logistics of the renovation process. In the coming weeks, Gillis Gilkerson Vice President Tyler Barnes will oversee and lead these efforts, paving the way for a smooth building transformation.
Gilkerson co-brokered the sale in cooperation with John McClellan of SVN Miller Commercial Real Estate, representative of the seller, ES Adkins.
To inquire about this transaction or other off-market commercial options throughout the Delmarva region, contact Chris Gilkerson at chrisg@naicoastal.com or by calling 410-543-5115.
About NAI Coastal
NAI Coastal is a full-service commercial brokerage headquartered at 108 Pine Bluff Road in Salisbury, Maryland with a branch office in Easton, Maryland. The team of twelve 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.
