CBRE Appointed Exclusive Agency for the Leasing or Sale of Iron Hill Corporate Center in Newark, Delaware

CBRE announced today it has been appointed the exclusive agency to oversee the marketing, leasing or sale of Iron Hill Corporate Center, a 97,878 sq.-ft. boutique office property located at 4041 Ogletown Road in the heart of Newark, Delaware. Boasting magnificently renovated interior space, an extremely high parking ratio with a self-contained five-story garage and surface spaces for approximately 800 vehicles, the property is ideally located within easy access to public transportation, numerous hotels, restaurants and retail shops, all within one mile.

The CBRE team of John Kaczowka, Jerry Kranzel, Dan Reeder and Brian Hopkins will spearhead the marketing campaign on behalf of the ownership, JPMorgan Chase.

“Iron Hill Corporate Center is without a doubt one of the true gems in the region, ideal for office, medical, lab and research and development uses,” noted Mr. Kaczowka. “The Class A office property boasts some of the best on-site and off-site amenities the neighborhood has to offer, including a large conference center, a grab-and-go cafeteria, a beautifully landscaped courtyard with seating, raised floors throughout all the office areas and clear ceiling heights of 14 feet. In short, the property offers an amazing opportunity for a tenant, owner-occupier and investors looking for a quality asset.”

The premier space, located primarily on one-level, has been redesigned to be ideal for office, medical, lab, research and development uses.

“Due to significant capital investments at its other facilities throughout Delaware, JPMorgan Chase will prioritize occupancy at their other sites and decided on the disposition of Iron Hill Corporate Center,” continued Mr. Kaczowka.

Situated at the crossroads of Routes 4 and 273 and just one mile to I-95, Iron Hill Corporate Center is near the University of Delaware, Christiana Care Health Systems, the Christian Mall and Delaware Tech Community College. The property is easily accessible via public transportation including Churchman’s Crossing SEPTA Regional Rail Station and the DART Bus Routes 33 & 62.