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Roch Capital Inc. Announces a new lease tenant, The Nemours Foundation at the Applied Bank Center

Roch Capital Inc. announced a new lease at the Applied Bank Center (formerly the "Rollins Building") in suburban Wilmington, DE. The new Tenant, The Nemours Foundation is an internationally recognized children’s health system in Wilmington, DE.

 
PRLog - Feb. 24, 2014 - ROCH CAPITAL INC. ANNOUNCES A NEW LEASE TENANT, THE NEMOURS FOUNDATION AT THE APPLIED BANK CENTER IN WILMINGTON, DELAWARE.

Roch Capital Inc. Executive Vice President Vincent Abessinio today announced a new lease totaling 70,000 square feet at the Applied Bank Center (formerly the "Rollins Building") in suburban Wilmington, Delaware.  The new Tenant, The Nemours Foundation, is an internationally recognized children’s health system that owns and operates Nemours/Alfred I. duPont Hospital for Children in Wilmington, Delaware and Nemours Children’s Hospital in Orlando, Florida along with major pediatric specialty clinics in Delaware, Florida, Pennsylvania and New Jersey.

Applied Bank Center has close proximity to the duPont Hospital for Children campus on Rockland Road and will play an important role in Nemours’ master space plan for the Delaware Valley.  Nemours intends to move a variety of administrative support services to the Applied Bank Center, as well as relocate Nemours Health and Prevention Services from its current office space in Newark, Delaware.

Applied Bank Center is a 220,000-square-foot office building located at 2200 Concord Pike (Rte. 202) and is managed by Roch Capital Inc. an affiliate of Applied Bank.

The Nemours lease is one of several pending leases for the iconic building, a landmark and the tallest building in suburban Wilmington. “Tenants are responding to the opportunity to lock in Class A space in a prime location,” said Abessinio. “The Applied Bank Center gives companies a notable address and amenities including a full service cafeteria, fitness center, unparalleled views and the convenience of dining and shopping choices all within walking distance. It's a perfect fit for high profile tenants like Nemours.”

“As Delaware’s children’s hospital we are committed to growing our footprint in the First State,” commented Dr. Roy Proujansky, Chief Executive for Nemours Delaware Valley. “The Applied Bank Center offers us high-quality, convenient office space to complement the investments we’re making at our duPont Hospital for Children campus less than a mile away.”

The building is represented by Blaise Fletcher and Jamie Vari of Jones Lang LaSalle, contact: (302) 356-2858.

Hether Smith, Catherine Pullen, and Jay Joyce of Studley, Inc. represented Nemours.

Roch Capital purchased the vacant 220,000 square foot Rollins building in August 2013 and has since renamed it the Applied Bank Center.  The building has 14 floors each with floor plates of approximately 14,000 ft and a penthouse suite on the 15th floor.  As the only high rise in the North Wilmington market, the Applied Bank Center has unparalleled views including those of Philadelphia, the Delaware Memorial Bridge, and the Senator William V. Roth Jr. Bridge over the C&D Canal. Suite sizes ranging from 6,000 square feet to over 100,000 square feet are available.

Roch Capital Inc. is one of the region's fastest growing Real Estate and Private Equity investment companies.  Roch's real estate holdings include office properties in Pennsylvania, Delaware and Florida, as well as retail, hospitality and multi-family properties.  Roch's private equity arm recently closed the acquisition of Carbon's Golden Malted to add to its portfolio which includes Applied Bank and Applied Card Systems among other investments.

Please contact Carl Kruelle, Roch Capital's Director of Acquisitions @ (484) 840-2709 for inquires.

Contact
Roch Capital
4840840-9179
buddy_cannelongo@rochcap.com

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Source:Roch Capital
Industry:Finance, Real Estate
Tags:private equity investment
Shortcut:prlog.org/12286815
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