1220 N MarketJune 9, 2014 [Philadelphia, PA] - Colliers International's Delaware office team of Rick Kingery and Lisa Bariglio was selected by Gearing Capital Partners to manage the leasing of their 98,723-square-foot Class A office property at 1220 N. Market Street in Wilmington, DE.

The property was recently acquired in a partnership between Castlelake, LP (castlelake.com) and Gearing Capital Partners (gearingcapital.com).

Formed in 2005, Castlelake today has $3.6 billion in assets under management comprised of commitments from endowments and foundations, public and private pension plans and family offices worldwide. Castlelake specializes in less efficient markets that provide the opportunity to deliver attractive risk adjusted returns for our underlying investors.

Gearing Capital Partners supports investors in the full lifecycle of debt investment. GCP's asset management team tracks investments through each stage of the cycle providing accountability to investors.

Property Highlights:

  • 98,723 SF ten-story office building
  • Multi-suites and full floor availabilities
  • Efficient floor layout with large, unobstructed window views and high ratio windows lines to floor area
  • 24 hour security

"We are extremely excited about 1220 N. Market, and find it to be a building capable of providing exceptional experiences for tenants seeking a central Wilmington high rise address. Coupled with a new capital campaign and agressive leasing strategy via our real estate broker at Colliers International, we plan on securing existing tenants and recruiting exciting new tenants to the property," stated Travis Holsinger of Gearing Capital Partners.

For additional information, or to arrange an inspection, please contact: Rick Kingery at 302 425 4078; rick.kingery@colliers.com or Lisa Bariglio at 302 304 3043; lisa.bariglio@colliers.com.