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Berkley Investments Obtains Three-Building Wilmington Portfolio

Mar 16, 2016 | Reprints | Print

Berkley Investments recently purchased a three-building portfolio in Wilmington previously owned by The Blackstone Group.

The $22.2 million portfolio contains 310,000 square feet, consisting of two single-story flex buildings at 299 and 301 Ballardvale St., and an office building. Hub International and Automated Engineering Inc. occupy the flex properties. The two-story office building at 300 Ballardvale St. recently underwent lobby and bathroom upgrades.

The transaction closed all cash with bank financing expected to close shortly.

Commercial & Industrial