Delmarva Power Buys Former Standard Register Building in Salisbu - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Delmarva Power Buys Former Standard Register Building in Salisbury, Expanding Warehouse Space

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The former Standard Register facility located in the Northwood Industrial Park was purchased by Delmarva Power. (Photo: Sperry Van Ness-Miller Commerical Real Estate) The former Standard Register facility located in the Northwood Industrial Park was purchased by Delmarva Power. (Photo: Sperry Van Ness-Miller Commerical Real Estate)
SALISBURY, Md. - Delmarva Power is expanding their warehouse capabilities. The electric company says it purchased the former Standard Register facility located in the Northwood Industrial Park in Salisbury, Md. last week.

According to Sperry Van Ness - Miller Commercial Real Estate, the real estate company who represented Standard Register in the transaction, Standard Register and its predecessor Burroughs Corporation were one of the early occupants of the Northwood Industrial Park in the 1970's. The facility located at 600 Marvel Road in Salisbury totals over 110,000 square feet and sits on more than 8 acres of land.

The electric company says it plans to use the building for warehouse space. "Our various electric service reliability projects in this area have brought about a need to expand our warehouse capabilities and we believe this particular facility will provide us with the much-needed extra space," said David Lucas, the Electric Maintenance Manager with Delmarva Power.  Delmarva Power purchased the building for $2,750,000.

John McClellan, CCIM, Henry Hanna, CCIM, SIOR, and Wesley Cox, CCIM, all Senior Advisors with Sperry Van Ness - Miller Commercial Real Estate helped broker the transaction. "Due to our extensive knowledge of local industrial buyers we were able to generate two offers and secure a contract of sale within fifty days," said Hanna and McClellan.
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