Business Finance - Management Micro computer applications Assignment 1

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Metro Plaza in Downtown Wilmington

20,000 square feet of office space for lease

pierce.cengage.com

The award-winning building at 102 E. Concord St. is in a prestige downtown location. The 20,000 square feet of available space features office and medical suites, high-end finishes, and conference rooms with natural light. The building has covered parking and a lobby filled with art.

Metro Plaza Building

Property Highlights

This offering is for 20,000 square feet in a prime, mixed-use building set along a vibrant business and retail corridor at 102 East Concord Street, in the heart of downtown Wilmington, Delaware. Ideally located between Kent Street and Sussex Avenue adjacent to the riverfront, the property is surrounded by local and national tenants. Wilmington is sited at the confluence of the Christina River and the Delaware River, about 30 miles southwest of Philadelphia.

With this offering, you gain the following benefits:

· Lease the space as office suites with little redevelopment.

· Request renovation plans for medical suites or other custom configurations.

· Enjoy access to upscale retail, restaurants, and lodging for your employees and clients.

· Promote the building’s certified environmentally responsible awards.

· Reduce energy costs through eco-friendly features.

Award-Winning Features

Metro Plaza is certified as an environmentally responsible building with resource-efficient features. In each step of the building’s design, construction, operation, and maintenance, green building standards have been used to enhance the economy, utility, durability, and comfort of the space.

Efficient Energy Systems

Metro Plaza minimizes energy use, making office space more comfortable and less expensive to maintain. The building integrates renewable and low-carbon technologies in its heating, cooling, and electrical systems. The windows are designed to reduce fluctuations in temperature.

Water Conservation Practices

Reducing water consumption and protecting water quality are major goals for Metro Plaza. The green roof prevents the runoff of storm water and rain barrels collect and harvest water for safe indoor use.

Material Selection

Materials for both interior and exterior use are sustainable, have low toxicity, or are made from a high percentage of recycled materials. Insulation, building materials, and furnishings have zero to low emissions, helping to improve the air quality of the interior spaces.

People-Centered Design

Every detail of the building, from door handles to window size and function, considers the comfort and enjoyment of its residents. Windows provide natural light and enjoyable views, reducing lighting needs while maintaining an even indoor temperature.

The office layout uses space efficiently while providing room for creative thinking and collaboration. Insulation smooths the acoustics of the building to boost concentration and productivity. The insulation also reduces drafts and cold spots.

Property Overview

Metro Plaza was built in 2015 as part of the Christina Riverfront renovation. The building includes three stories of office space. One story is available as part of this offering. The property spans 500 feet on the riverfront.

Building Lobby

The unique construction of the lobby allows a two-story atrium with floor-to-ceiling windows. Green building techniques significantly reduce the loss of heating and cooling through the windows while affording natural light. An innovative design allows fresh air into the lobby, circulating it throughout the floors.

Conference Rooms

The offering includes three conference rooms, each equipped with smart communication features such as video-conferencing equipment, media walls, and other interactive technology. Each conference room has flexible partitions to reconfigure the space in many ways.

The conference rooms make it easy to recycle supplies and reduce the use of paper. The rooms are fully stocked with beverages including filtered water in reusable glass bottles, locally sourced snacks, and serving ware made from recycled raw materials.

Office Space

The offices reflect the trends of sustainability, wellness, comfort, and collaboration.

Property Details

· Building name: Metro Plaza

· Location: 102 East Concord Street, Wilmington, Delaware 19801

· Space available: 20,000 square feet on one floor

· Site size: About 0.54 acres

· Type: Mixed use, multitenant office and retail space

· Year constructed: 2015

· Foundation: Raft foundation with basement floor slab

· Structural: Steel and glass

· Walls: Steel, wood, and drywall

· Ceiling: Exposed to roof

· Windows: Reflective, transparent, and insulated

· Parking: Underground with 54 spaces, including handicapped spaces

Location Overview

Concord Street and the surrounding area are active, accessible, and walkable. Public transportation is available throughout the Concord Street corridor and along its cross streets. Metro Plaza is one of many mixed-use downtown buildings with retail, restaurants, entertainment, and culture on some or all of the ground floor.

Demographics

More than 50 percent of all publicly traded companies in the United States are incorporated in Delaware. The state’s unemployment rate as of December 2020 was 4.3 percent. Wilmington is in New Castle county and is governed by a city council and mayor. The city comprises about 17 square miles.

Fast Facts

Wilmington, Delaware

Characteristic

1 mile

3 miles

Population

24,568

80,420

Median age

34.3

31.7

Median household income

$32,884

$37,352

Total households

7,012

28,615

Population density (per sq. mile)

6,497

3,009

White -collar jobs

61.6%

72.7%

Service jobs

17.5%

15.2

Blue -collar jobs

21.1%

12.5%

Area Employers

Christina Trading Co-op

CollinsOne Information Systems

Colonial Healthcare System

Consolidated Marine

Curbside Pharmacy

Delaware River School District

DeVonn Company

Five Star Financial Corporation

Independent Insurance Company

KB Financial

Logistcom Transportation Services

National Communications Guild

New Castle Trust Company

Pierce Bank Wilmington

SBF Global

Simon Wintergreen Research and Development

State of Delaware

Synchronic Pharmaceuticals

Thomas Franklin Medical Center

W. P. Vaughn & Associates

Wilmington Central Power/VANCO

Copyright 2021. All rights reserved.

This file created specifically for Jessica Trinidad

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