Thursday, October 17, 2013

Applied Bank Center Sold for $10.5M

RAA Management LLC acquired the Applied Bank Center office building at 2200 Concord Pike in Wilmington, DE from AstraZeneca Pharmaceuticals LP for $10.5 million, or about $54 per square foot. 

The 15-story, 195,495-square-foot, class A office building was originally built in 1980 on 11.6 acres in the North New Castle County submarket. Renovations were finished in 2002.

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