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New to Market: 955 River Road in New Castle, Delaware

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NEW CASTLE, DELAWARE, July 26, 2022 – Colliers is pleased to announce the availability of 955 River Road in New Castle, DE for lease or sale on behalf of LEJ Capital, a private real estate company based in New York City.  

955 River Road offers 100,000 square feet of highly functional industrial space for tenants or buyers. The 6.7-acre property is fully fenced and is zoned for either distribution or heavy industrial uses. Located just minutes from I-95, the property can draw from Delaware’s strong labor pool and is part of the broader Philadelphia MSA.

“For logistics users, New Castle County is hard to beat, located at the geographic midpoint between New York City and Washington, D.C.,” said Charles Brown of Colliers, who, with Carl Neilson, is partnering with LEJ Capital to market the project. “And manufacturing users can benefit from Delaware’s strong labor pool.”

“We are bringing 955 River Road to market at a time when industrial vacancy is at historic lows,” Jonah Lowenfeld, principal of LEJ Capital, said. “The property is ready to fill an immediate need from a buyer or tenants seeking between 50,000-100,00 square feet.”

For more information, contact:
Charles Brown Vice President
+ 1 302 425 4000  charles.brown@colliers.com

Carl Neilson Senior Vice President – Capital Markets
+ 1 620 684 1856  carl.neilson@colliers.com

 

View this Listing Online

https://www2.colliers.com/en/P-USA1109111


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About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

About LEJ Capital
LEJ Capital is a private real estate company based in New York City that invests in industrial properties in metropolitan regions on the East Coast and Midwest. Founded in 2009, LEJ has been actively involved in real estate investments valued at over $2 billion. Prior investments have included value-add, adaptive reuse, and new construction projects, in addition to stabilized assets. Learn more at lejcapital.com.


 

 

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Charles Brown

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Charles Brown joined Colliers International’s Wilmington office in 2012. His real estate market focus is on the New Castle County, Delaware and Southeastern Pennsylvania regions. As a 20-year veteran of the commercial real estate industry, Charles’ expertise in leasing, property disposition, site selection, and tenant advisory services is a significant asset in moving the clients he serves toward their real estate goals.

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