Houston, TX (PRWEB) April 05, 2015
Medistar Corporation (“The Company”) acquired the 21st Century Plaza property on March 30, 2015. The 263,500 square foot Class A office building is located in the New Castle North submarket of Wilmington, Delaware and ±95% occupied by 21st Century Insurance - a division of S&P A+ rated Farmers Insurance - and Solenis International.
Sited on 17.92 acres and featuring 50,000 square-foot floor plates, the recently renovated five-story building was built in 1995. Currently, the building features a new roof consisting of 60 mm reinforced TPO membrane, fully renovated lobby and first floor common corridor, updated parking lot and LED lighting modernization.
Located near the Pennsylvania state line at the intersection of Route 202 and Route 92, the building enjoys immediate access to Concord Mall and Brandywine Town Center, a 900,000 square foot power center featuring Lowe’s, Michael’s, Bed Bath & Beyond, Dick’s Sporting Goods and Target.
“The strategic acquisition of 21st Century Plaza reflects our longstanding commitment to acquire high-quality real estate assets in healthcare and related industries nationwide,” said Monzer Hourani, Founder and Chief Executive Officer of Medistar.
Medistar Corporation (http://www.MedistarCorp.com) is a full-service medical real estate development company that primarily specializes in the design, development, financing, acquisition and construction of hospitals, medical office buildings and related facilities nationwide.