211 and 231 Executive Drive are owned by Cader, LLC an affiliate of Stoltz USA and located in the Pencader Corporate Center, the largest and best business park in DE. 231 Executive is 190 ksf and 211 Executive is 184 ksf. They are Class A 32’ clear, multi-tenant buildings that front on 896. Avir Represented Sardo and Sons in leasing 2 spaces in the complex totaling 55ksf.
Avir Corporation purchased these office buildings in 2005 with a going in leveraged cash yield of 20%. We continue to hold them at 100% occupancy.
Avir Realty Group, LLC acted as acquisition advisor to Penguin Real Estate in its purchase of this new, class A, long term leased property.
Avir Realty Group, LLC acted as tenant representative leasing broker on behalf of DuPont
2050 has been renovated and 100% released to Gamesa, as the HQ of their USA wind energy business.