Newmark announces a new headquarters lease to ILC Dover–a globally recognized flexible containment solutions company–for the entire top floor (10,000 square feet)at the Tower at STAR, located at 1000 Discovery Boulevard in Newark, Delaware Newmark Senior Managing Director Wills Elliman, MCR, SIOR, CCIM represented the tenant, ILC Dover, in the lease transaction to the landlord, an affiliate of Delle Donne & Associates, Inc.
ILC Dover serves a diverse range of industries, including pharmaceutical and biopharmaceutical manufacturing, personal care, food and beverage, chemical, aerospace, healthcare and government agencies.With a long-standing Central Delaware presence, ILC Dover is well-known for being the only company to provide every US Astronaut a space suit since the very first Apollo mission; they continue to do so today.
“Due to growth in ILC Dover’s businesses, it needed additional space. The opportunity to be closer to the research and development communities and life science communities in Northern Delaware led to the choice of the Tower at STAR,” said Elliman.
Built in 2018, Tower at STAR is a 120,000-square-foot, ten-story tower with steel structure and glass façade located in the Wilmington South office market. According to Newmark Research, the Wilmington South office market recorded 4.5 million square feet of inventory, 11.4% vacancy rate and 5,872 square feet absorbed in the third quarter of 2020.
About Newmark (Nasdaq: NMRK)
Newmark Group, Inc., together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, Newmark generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or follow @newmark.
