HFF Secures $12.6 Million Refinancing for Class A Office Building in Wilmington, Delaware

2/6/17

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $12.6 million refinancing for 1011 Centre Road, a 90,000-square-foot, Class A office building in Wilmington, Delaware.

Working on behalf of Delle Donne & Associates, Inc., HFF placed the long-term, fixed-rate loan with a regional bank.

1011 Centre Road is situated about three miles northwest of downtown Wilmington and Interstate 95 in Western Newcastle County. The property was originally built in 1986 and is fully leased. Situated in a park-like setting, the building and its twin, 1013 Centre Road, are collectively known as the E.A. Delle Donne Corporate Center. These Class A buildings cater to high-quality tenants serving suburban Wilmington.

The HFF debt placement team representing the borrower was led by managing director Ryan Ade.

About Delle Donne & Associates, Inc.

Founded over 70 years ago by Eugene A. Delle Donne, Delle Donne & Associates, Inc. (DDA) is a commercial property development and management corporation serving Delaware’s downtown Wilmington and surrounding New Castle County area. Second-generation president and chief executive officer, Ernest F. Delle Donne, has assembled a creative team that takes pride in the quality of its product and services and brings a collaborative approach to every project they encounter. For more information, visit www.dda1.com.

About HFF

Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.comor follow HFF on Twitter @HFF.