Saturday, May 27, 2017

HFF named to market for sale 301-unit multi-housing property in suburban Wilmington, DE

Mark Thomson
PHILADELPHIA, PA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has been named to market for sale Brandywine Hundred Apartments, a 301-unit multi-housing property in the historic Brandywine Hundred neighborhood of northern Wilmington, Delaware.

HFF is marketing the property on behalf of the seller, a joint venture between CenterSquare Investment Management and Korman Residential.

Brandywine Hundred Apartments is situated on 10.66 acres at 400 and 402 Foulk Road, less than one mile from major employers, including JPMorgan Chase & Co., AstraZeneca and Nemours/Alfred I. duPont Hospital for Children. 

Additionally, the property is less than half of a mile from shopping and dining along Route 202, and a short distance from numerous state parks, golf courses and recreational activities. 

Brandywine Hundred features units averaging 946 square feet with community amenities such as a swimming pool with sundeck, tennis courts, state-of-the-art fitness center with flat screen TVs, resident lounge with Wi-Fi, business center and covered parking. 

Carl Fiebig

Ownership recently initiated a unit renovation program with renovations to 49 of the 301 units completed to date.  The upgrades have generated an average monthly premium of $155 per unit.

The HFF investment sales team representing the seller is led by senior managing directors Mark Thomson and Jose Cruz and associate director Carl Fiebig.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

No comments: