400 - 700 White Clay Center — Sale in Newark, DE

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Newark, DE 19711
  • Size: 228,072 SF

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained on an exclusive basis to arrange the sale of the 400-700 White Clay Center (the “Campus”) , a 228,072 square foot, four-building campus situated on 23.9 acres in one of Delaware’s most desirable suburban submarkets. Currently 92.7% leased with a 5.1-year weighted average lease term, the Campus offers a highly stabilized investment opportunity with immediate, predictable cash flow. This income stability is reinforced by strong recent leasing velocity, with 180,248 square feet of new leases or renewals signed since 2022. Featuring highly flexible, single-story layouts, the Campus is anchored by established tenants such as Citigroup Technology and First Data Corporation. This combination of stable in-place revenue and manageable lease-up potential offers an exceptional acquisition in a highly supply constrained market. New Castle County, despite being the smallest county in Delaware, stands as the state’s most economically developed region. This distinction stems from Delaware’s business-friendly regulatory environment and favorable corporate laws, which have attracted over 50% of publicly traded companies and 60% of Fortune 500 companies to establish New Castle County as their corporate domicile. This concentration of corporate headquarters has created a robust economic ecosystem that continues to drive demand for high-quality commercial real estate and employment growth throughout the county. DE Broker of Record: Blaise Fletcher +1 (610) 453-2181 Blaise.Fletcher@jll.com

Market Context

This office in Newark, DE is listed for sale across 228,072 SF. Compare it against other office listings for sale in Newark, DE — view the full market.

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