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Study Finds Redevelopment of Former GM Plant in Wilmington, Del. To Create More Than 2,100 Permanent Jobs

May 31, 2018

MEDIA CONTACTS:
Dan Ivers
201-509-2913
divers@beckermanpr.com
FOR IMMEDIATE RELEASE

 

Study Finds Redevelopment of Former GM Plant in Wilmington, Del. To Create More Than 2,100 Permanent Jobs

Harvey Hanna & Associates’ Plan for Modern Distribution & Business Campus Holds Potential for $281 Million in Economic Impact Per Year

 

Wilmington, Del. (May 30, 2018) — Harvey Hanna & Associates, Inc., a leading Delaware-based commercial real estate redevelopment firm, today announced the results of a study commissioned to measure the economic impact of its planned redevelopment of the former General Motors plant in Wilmington, Del. into a thriving, state-of-the-art business, fulfillment and distribution campus.

The report, prepared by Philadelphia-based Econsult Solutions, found that upon completion, Harvey Hanna’s exploratory plan for the property would produce more than $281 million in annual impact, largely through the creation of more than 2,100 permanent jobs in logistics, distribution, engineering, transportation and an array of support industries and services. The project would also create another 160 jobs annually over an estimated nine-year construction period.

“Since purchasing the former GM plant in 2017, Harvey Hanna’s plans for the property have been focused on a singular mission to create thousands of lasting, 21st century jobs for the residents of Wilmington, New Castle County and greater Delaware,” said Thomas J. Hanna, President of Harvey Hanna & Associates. “This study affirms our belief that creating a modern distribution and business campus can help restore this property’s long history as a vital source of employment and a nucleus for the local economy.”

According to the study, construction of the new business and distribution campus would generate a total of $6.8 million in taxes for the state of Delaware. Once construction has been completed, the reimagined property would also generate more than $7.6 million in annual revenue through personal and business taxes, as well as $2.4 million in new property taxes annually for the Red Clay School District and New Castle County.

In addition, the study found Harvey Hanna’s transformation of the former plant will also have a positive impact on property values in its immediate vicinity, driving the median home price up roughly 14 percent from $215,000 to $245,000 or higher, exclusive of inflation.

“We must win the future,” said New Castle County Executive Matt Meyer. “This is further proof that Harvey Hanna’s redevelopment vision could create thousands of jobs and transform our largest shuttered factory into an economic engine for generations to come.”

Filed with the New Castle County Department of Land Use in April, Harvey Hanna’s Brownfield Redevelopment concept plans call for the complete demolition of all dormant buildings on the 142-acre property, to be followed by the construction of 3 million square feet in new commercial space spread across four buildings with a lower overall footprint than the previous structure. If approved, the buildings would be constructed in multiple phases, with additional green space, improved storm water management and new landscaping buffers added to the new business and distribution campus. The plans are conceptual in nature, and must be reviewed and approved by New Castle County as well as other state regulatory agencies.

“The transformation of the former GM plant from a vacant brownfield to a thriving center of jobs and commerce holds the potential to create economic impact far beyond the property itself,” said Hanna. “By generating new jobs, raising property values and creating additional tax revenue, we hope to serve as a catalyst for the revitalization of downtown Newport and other communities across the region.”

The economic data does not reflect other redevelopment efforts planned by Harvey Hanna as part of a wider effort by Harvey Hanna to transform underutilized areas of New Castle County, specifically in and around the greater Newport area. The firm is currently pursuing $150 million in transit-oriented development of 400,000 square feet of mixed-use commercial transit oriented development around the SEPTA rail station in downtown Newport, Del., where future employees at the Boxwood Road property can live, eat, shop and play. Harvey Hanna’s plans for the Newport development also include an environmental center advocated by town officials, as well as a Riverwalk trail that will connect with the New Castle County bicycle and pedestrian trail network currently under construction.

Harvey Hanna acquired the Boxwood Road property in 2017 with the goal of redeveloping its more than 3 million square feet of industrial and office space. The longtime former home of a General Motors automotive plant, the property is strategically located along the I-95 corridor and is set in one of the country’s major population base, making it an ideal setting for distribution, fulfillment and logistics users and businesses. Offering easy access to major markets including Philadelphia, New York City, Baltimore and Washington, D.C, the property is a springboard to multiple major U.S. highways, including I-95, I-295 and I-495.

The property is also equipped with full access to area rail lines, allowing distribution or fulfillment companies to both ship and receive goods from across the region, and is just minutes from the growing Port of Wilmington, which handles more than 400 ship calls and 6.8 million tons of cargo each year.

About Harvey Hanna & Associates, Inc.
Founded in 1998, Harvey Hanna & Associates, Inc. is a Newport, Delaware-based real estate development company with a significant record of success related to the acquisition, redevelopment and repopulation of underutilized properties in the Mid-Atlantic region. Led by Thom Harvey and Thomas Hanna, the company has acquired and developed more than 5.2 million square feet of space, including 2.8 million square feet of industrial space. Harvey Hanna has deep personal and professional roots in Newport and the surrounding Delaware community, and the company’s comprehensive understanding of both the Boxwood property’s history and the Newport community has helped shape its vision for a first-class commercial campus that will become a critical economic driver for the region.

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Read Boxwood Site Economic Impact Study


Commercial Property Winter Safety Tips

Winter Safety Tips for Your Delaware Commercial Property

December 20, 2016

Winter Safety Tips for Your Delaware Commercial Property

Our Property Management Team at HHA is preparing for a busy winter season. We are committed to quality through superior property management services. Consistent and reliable maintenance repairs, improvements and upgrades will ensure the safest workplace environment for your organization during the challenging winter months. Our field team would like to offer the following work place winter safety tips.

Salt and Sand

Having enough salt and sand on hand will always help keep walkways clear of ice and snow. It’s always a good idea to have a bucket stocked near entry ways all season long.

Floor Mats and Warning Signage

Make sure heavy traffic entrances have weather proof mats properly installed and labeled to remind employees and guests to watch their steps to avoid slips and falls. This practice also helps keep all outside elements and debris from coming into your office space – keeping it clean, professional and safe.

HVAC Settings

Unless you experience extremely cold conditions, try to keep your thermostat set to the same temperature. This helps prevent the heating and cooling system from unnecessary use and conserves energy. As a general rule of thumb, never have your thermostat programmed lower than 55 degrees. Doing so will eliminate the potential for frozen pipes or other heating accessories within your HVAC system.

Downspouts & Drainage

Report any issues with downspouts or drainage areas immediately. Keeping these mechanisms clear and operational will eliminate or alleviate roof leaks and excess snow or ice from piling up on the roof of the building. 

Guard Your Technology and Data

Winter weather always has the potential to cause power outages due to ice and wind. It is critical to back-up all company and client data daily, either onsite or through cloud based software. Always make sure your data-back up system is working properly. If you don’t have an existing IT provider – feel free to contact us and we will gladly share a few of our preferred vendors. 

Bathrooms Stocked

With winter storm season comes cold season – keep soap and ample towels available in employee bathrooms for cleaning hands so you can minimize the spread of germs throughout the office.

Along those same lines – make sure your office is stocked with tissues and hand sanitizer. Seasonal germs and diseases often spread through the office by coughing and sneezing. It is never fun being “under the weather” and preventative measures will decrease illness-related absences.

By taking these steps to ensure your commercial property is ready for the approaching winter, you are protecting visitors and employees from avoidable physical and health hazards. Your effort to ensure that your buildings and grounds are ready for whatever Mother Nature has to through at you is smart risk management.

Harvey Hanna of Delaware is pleased that you have taken the time to read our Winter Safety Tips and look forward to hearing what you think or tips that you can share with us. Please check in with us on Facebook, we would love to discuss this subject further.


About Harvey, Hanna & Associates- Established in 1997, HHA is a full service Commercial Real Estate Redevelopment Company featuring 3,000,000 square feet of prime location commercial, retail, and industrial real estate in Delaware.


Harvey Hanna_Commercial Real Estate Delaware

Harvey Hanna & Associates Finalist in 2016 Family Owned Business Award

June 7, 2016

Harvey Hanna & Associates in partnership with Premier Wine & SpiritsHarvey Hanna & Associates is very excited and honored to be a finalist for the 2016 Family Owned Business Award, presented to winners by Today Media and Delaware Business Times later this month. This elegant event will honor the impact and legacy of Delaware-based family owned businesses make to the local economy and community. Winners will be revealed at the event, taking place Thursday, June 23rd at the Christiana Hilton in Newark, Delaware.

There will be awards presented to winners of the Small Size Business, Medium Size Business and Large Size Business. As well as Specialty awards for the following categories; Excellence in Community Service, Excellence in Customer Service, Excellence in Innovation and Technology, Legacy Family Business Award, Emerging Family Business.

The panel of judges include members of the business community and Today Media executives who take into account the following when making their decisions; family involvement, succession planning, ethics, innovation and active community service.

According to Rob Martinelli, publisher and CEO of Today Media, One of my favorite things about being publisher of Delaware Business Times is getting to be on the panel that judges the nominations for the Family Owned Business Awards. It’s always interesting to read the stories of so many incredible Delaware Family Owned Businesses. I said that this was one of my favorite things, but it’s not easy.–Delaware Business Times, May 24, 2016, From The Publisher

Harvey Hanna & Associates is one of 17 finalists, all very worthy and esteemed local Family Owned Businesses. Two-thirds of all businesses in the world are family-owned, accounting for 70% of the global gross domestic product and over half of the world’s jobs. According to the Conway Center for Family Business, family-owned businesses make up 35% of the Fortune 500 companies and account for 64% of the United States’ Gross Domestic Product.

Walmart is the largest US family-owned business, but Delaware has no shortage of family-owned businesses with large family-owned companies such as, W.L. Gore, Pettinaro and last year’s winner of the Family Owned Business Award, MDavis.

While Harvey Hanna & Associates owns and manages more than 3 million square feet of commercial, retail and warehouse space in Delaware, the company’s crowning achievement is the creation and redevelopment of the Twin Spans Business Park located in Old New Castle, Delaware. The previous vacant and abandoned manufacturing facility now boasts 2 million square feet of Class A commercial warehouse, distribution and office space and is home to a number of Fortune 500 companies and more than a thousand employees.

Those of us at HHA wish all the finalists the best of luck and look forward to networking with them at the awards dinner. This elegant evening will include cocktails, hors d’oeuvres, sit-down dinner and awards ceremony. Family owned businesses are an integral part of the business and social fabric of our state and HHA is so excited to be part of it all! Please help us celebrate achievements that are generations in the making!




Want to Find out What’s Driving Real Estate in the Diamond State?

January 26, 2016

 

Find out about some real significant opportunities in entrepreneurial real estate at the Urban Land Institute’s (ULI) Delaware Developers’ Forum to be held Tuesday, February 2nd at University of Delaware Arsht Hall. You’ll get a feel for what is driving real estate this year as you hear about all the new and planned development trends and investment activity taking place in Delaware’s competitive market.

Keynote Speaker, Jeffrey C. Flynn, Wilmington’s Director of the Office of Economic Development  will reveal private and public real estate investment deals worth up to $650,000 that are in the works. This area’s real estate market has largely been consumer-driven by it eclectic makeup of financial and legal services, government/politics, pharmaceuticals, “eds and meds” and more.

Louis Capano, III a Principal in Capano Management, LC Construction and LC Homes will talk about several development projects that are underway, such as the luxury apartments in Claymont, Middletown and the Avenue of the Arts on Wilmington’s riverfront. He’ll also discuss what to expect at a few commercial sites, including the redevelopment of the Brandywine Country Club located off of Shipley Road in North Wilmington.

Want to find out what is developing at the Residences in Midtown Park and Rockford Falls at the former Bancroft Mills site? Michael Hare, Senior VP of Buccini/Pollin Group, a real estate acquisition, development and Management Company, will discuss his company’s plans.

Angela Tsionas-Matulas, Principal of Tsionas Management will talk on her family-run company’s plans to create a mixed-use redevelopment at 2000 Pennsylvania Avenue in Wilmington. Gregory Pettinaro, CEO of Pettinaro will discuss the company’s plans for the recently acquired Greenville retail sites; Powder Mill Square and Greenville Center, longtime home to many iconic institutions including Greenville Post Office, Janssen’s Market and Brew HaHa!

William E. Holloway, PWant to Find out What’s Driving Real Estate in the Diamond State?rincipal of Bernanrdon, an architectural, interior design and landscape architectural firm, will be the Delaware Developers’ Forum moderator. The ULI is a nonprofit research organization whose mission is to provide leadership in the responsible use of land and creating sustainable communities.

The ULI Philadelphia has hundreds of members across the region, including satellites in Central Pennsylvania, Delaware, Lehigh Valley and Southern New Jersey. Thomas J. Hanna, Managing Director of Harvey, Hanna & Associates is on the advisory council of the Delaware branch of the ULI.

For more information, Click Here and to Download a Registration Form, Click Here.

About Harvey, Hanna & Associates- Established in 1997, HHA is a full service Commercial Real Estate Redevelopment Company featuring 3,000,000 square feet of prime location commercial, retail, and industrial real estate in Delaware.


Commercial Real Estate Delaware

Bert Root of Harvey Hanna & Associates Appointed President of CIRC!

May 28, 2015

Left to Right: 2015 CIRC Officers: Don Robitzer, Barry Snyder, Bert Root, Janet Pippert and Tim Cole
Left to Right: 2015 CIRC Officers: Don Robitzer, Barry Snyder, Bert Root, Janet Pippert and Tim Cole

Congratulations to Albert “Bert” Root of Harvey Hanna & Associates for his recent appointment as President of the CIRC Board. Root has served on the CIRC (Commercial-Industrial Realty Council of New Castle County, Delaware) Board for the last two years as vice-president.

CIRC is a non-profit organization bringing together a group of members with similar interests in commercial and industrial real estate to network and keep current with the latest real estate and business transactions in the Delaware Valley community. CIRC meets monthly except for the months of July and August. The lunch meetings are for networking and socializing. Typically there is a guest speaker that touches on topics of mutual interest to the membership.

Root, Director of Commercial Leasing at Harvey Hanna & Associates, manages and oversees all leasing activity associated with HHA’s extensive portfolio of commercial, industrial and retail properties. He came to HHA in 2012 and has held a variety of positions in the commercial real estate industry.

Commercial-Industrial Realty Council of New Castle County, Delaware_LOGO In addition to his position on the CIRC Board, Root is the Golf Committee Chairman for CIRC’s annual Golf Outing held at Hartefeld National. This years’ golf outing is scheduled for Monday, June 29th.

The golf outing offers a fun-filled day of golf course challenges, barbecue lunch, on-course beverages/snacks, cash raffle, golf prizes and a dinner buffet.The Delaware KIDS Fund A portion of the proceeds goes to The Delaware KIDS Fund, a non-profit organization founded by  HHA COO, Thomas J. Hanna in order to assist local area Kids in Distressed Situations.

If someone hits a hole in one on the dedicated ‘hole in one hole’, they win a 7 night stay at the luxurious Hyatt Place Hotel in Dewey Beach with over $200 in food credits for Que Pasa Mexican Restaurant and The Lighthouse!

Click Here for more details.

Harvey Hanna & Associates in partnership with Premier Wine & SpiritsPremier Wine & Spirits logoHarvey Hanna & Associates in partnership with Premier Wine & Spirits are Platinum Beverage Sponsors of the Event.

Click Here to go to the registration page where you can choose to sponsor or purchase one of the many golf package options online.

CIRC Raffle Winner
May 2015 CIRC Raffle-Winner SteveBurnett with Miss Delaware, EmilyDrake and Newly Appointed President of CIRC, Bert Root


Commercial Properties for Lease Delaware

HHA is Proud to Welcome New Tenants Early on in 2015!

March 31, 2015

HHA is Proud to Welcome New Tenants Early on in 2015!photo (29)

What do a fitness center, real estate office and tech firm have in common?

They are the three new tenants of Harvey Hanna & Associates (HHA). Recently HHA has welcomed Be Barre Fit™, Long & Foster Real Estate and Carber, a ‘World Leader in Hydrostatic Testing and Isolation Technologies’.

Be Barre Fit™ is leasing suite space at HHA’s Hockessin Crossing Shopping Center located at 7465 Lancaster Pike. For those not familiar with barre, it is a 1-hour workout based on ballet, yoga & Pilates’ and has become very popular within the fitness industry.  Movements are low impact and easy on the joints. It can be tailored for a wide range of body types and ages. Benefits of barre include burning fat, building longer, leaner muscles and a strong core, developing muscle balance & increasing flexibility. Owner, Trish Mackay, is an Australian native and has done a fantastic job of making a name for herself and the company early on.

Long & Foster Real Estate, Inc. is similarly leasing office space at HHA’s Hockessin Crossing Shopping Center. The residential real estate company leased the space as part of their plan to expand its Delaware Valley services. Erik Hoferer, formerly from the firm’s Pike Creek office, will head the new location and R.T. Christopher will be managing the new location. Specializing in residential real estate, Hoferer and his team markets the entire line of Ryan Homes, Delaware largest builder.

Carber is leasing 5,250 SF of Industrial Space at 403 E. Marsh Lane located at Newport Industrial Park. Recognized as a world leader in hydrostatic testing and isolation technologies, Carber is a privately owned global specialty industrial service company based in Houston, TX. They now have locations in 13 states across the United State and 3 in Canada. This location marks their first time in Delaware.

Carber joins a strong roster of tenants within the Newport Industrial Park, including: Tile Market of Delaware, Compassionate Care Hospice, Speedpro Imaging, Autopart International, TotalTrax Inc., MSC Industrial Direct, Trial Transport Logistics, Café 24, Newport Rowing Club, ARI Environmental, Service Master, Waste Management, Phoenix Restoration, SOS Call Center, Dynasap, Make Shop & Co., Tenmant, Shipping 25 LLC and Tech World Corp. Denise Pomarici is the local branch manager and Administrator for the Northeastern Region.

Harvey Hanna & Associates, Inc  is a full-service Commercial Real Estate Development Company located in Delaware. The company has sustained strong relationships with tenants of their commercial and industrial properties and offers a unique mix of business experience and sense of community. The commercial property company delivers personalized real estate solutions that can suit both short and long-term business needs.