Thursday, April 5, 2012

Geico, Wells Fargo Stay at 919 Market Street, Wilmington, DE

"Keystone Property Group, a leading developer, manager and investor office and industrial properties, has signed two lease agreements at its 18-story, 221,686-square-foot, class A office building at 919 N. Market St. in Wilmington, DE.

Wells Fargo, a tenant in the building since 2002, signed an extension for its 6,251 square feet. Additioinally, GEICO, a tenant in the building since 1999, extended its lease duration for 3,497 square feet.

"We engaged both GEICO and Wells Fargo in discussions to renew their lease agreements at 919 North Market prior to closing on our purchase of the building and were able to secure the deals and finalize both agreements shortly after closing," said Bill Glazer, president of Keystone Property Group. "We look forward to executing on our strategic improvement program at the building and attracting additional leasing activity for the property’s available space."

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