OCTOBER 2014, SALISBURY, MD – The former Standard Register facility located in the Northwood Industrial Park has been purchased by Delmarva Power. John McClellan, CCIM, Henry Hanna, CCIM, SIOR, and Wesley Cox, CCIM, all Senior Advisors with Sperry Van Ness – Miller Commercial Real Estate represented Standard Register in the transaction.

Standard Register and its predecessor Burroughs Corporation were one of the early occupants of the Northwood Industrial Park in the 1970’s. The facility located at 600 Marvel Road in Salisbury, MD totals over 110,000 square feet and sits on more than 8 acres of land. David Lucas, the Electric Maintenance Manager with Delmarva Power stated, “Our various electric service reliability projects in this area have brought about a need to expand our warehouse capabilities and we believe this particular facility will provide us with the much-needed extra space.” Delmarva Power purchased the building for $2,750,000.

Hanna and McClellan said, “Due to our extensive knowledge of local industrial buyers we were able to generate two offers and secure a contract of sale within fifty days.” For more information about this transaction or for details about other industrial properties for sale, contact John McClellan, CCIM at john.mcclellan@svn.com, Henry Hanna, CCIM, SIOR at henry.hanna@svn.com, or Wesley Cox, CCIM at Wesley.cox@svn.com, or call 410-543-2440.

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SVN-MILLER COMMERCIAL REAL ESTATE

SVN - Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, and Seaford, DE is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).

SVN - Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).

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