Wilmington Expands Class A Space

WILMINGTON, DE-Class A office space in the Wilmington market is expanding once again after a hiatus of some 20 years. The Buccini/Pollin Group Inc. has preleased about 55% of its 371 million sf multi-tenant office tower currently under construction at 500 Delaware Ave, principal Chris Buccini tells GlobeSt.com. Tenants will start to move in this fall.

“‘This is the only class A plus building in the market,” Buccini says. “There are some As and A minuses, but none are new as nothing has been built like this in Wilmington for the last 20 years.”

The firm will also be announcing plans to build two 150,000 sf office buildings on the waterfront at next week’s groundbreaking of Justison Landing. The largest economic development project here will also include 700 condos, townhouses and apartments and 75,000 sf of retail space. The two office buildings can be joined together if necessary, Buccini says. The Buccini/Pollin Group Inc. is a privately held real estate acquisition, development and management company with offices here, in Washington, DC and New York City.