American Real Estate Partners (AREP) and its Joint Venture partner, Machine Investment Group, announced the acquisition of a 1,015,740 square foot property in Middletown. This site is a distribution center, which is typically leased by the original developer to real estate investors.
Address
Middletown, DE
Size
1,015,740 square foot
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Amenities
The industrial submarket in New Castle County has seen growth due to the development of the Route 301 Bypass, which improves access to Middletown from Interstate 95. The scarcity of easily accessible properties in southern New Jersey, northern Delaware, and eastern Pennsylvania has led tenants to seek alternative locations, making Middletown a prime example.
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