SALISBURY, MD – October 30, 2014 – (RealEstateRama) — The former Standard Register facility located in the Northwood Industrial Park has been purchased by Delmarva Power. John McClellan, CCIM, Henry Hanna, CCIM, SIOR, and Wesley Cox, CCIM, all Senior Advisors with Sperry Van Ness – Miller Commercial Real Estate represented Standard Register in the transaction.
Standard Register and its predecessor Burroughs Corporation were one of the early occupants of the Northwood Industrial Park in the 1970’s. The facility located at 600 Marvel Road in Salisbury, MD totals over 110,000 square feet and sits on more than 8 acres of land. David Lucas, the Electric Maintenance Manager with Delmarva Power stated, “Our various electric service reliability projects in this area have brought about a need to expand our warehouse capabilities and we believe this particular facility will provide us with the much-needed extra space.” Delmarva Power purchased the building for $2,750,000.
Hanna and McClellan said, “Due to our extensive knowledge of local industrial buyers we were able to generate two offers and secure a contract of sale within fifty days.” For more information about this transaction or for details about other industrial properties for sale, contact John McClellan, CCIM at , Henry Hanna, CCIM, SIOR at , or Wesley Cox, CCIM at , or call 410-543-2440.
Sperry Van Ness – Miller Commercial Real Estate, with offices in Salisbury, MD, Annapolis, MD, Bethesda, MD, Seaford, DE, Wilmington, DE and Lewes, DE provides advisory, brokerage, consultation, and leasing services to clients in Maryland & Delaware, and asset and property management in Maryland, Delaware, and Virginia. Our day-to-day goals are to consistently provide spectacular customer service, to be on the cutting edge of technology and innovative marketing, and to provide the vision needed to achieve our clients’ real estate investment goals.
SVN-Miller is an Accredited Management Organization® (AMO). Our team includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).
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