Bellevue Park Corporate Center

Location: Wilmington, DE
Type: Office
Price: $54,375,000

SMC provided a $54,375,000 ten-year fixed rate mortgage loan for the refinancing of Bellevue Park Corporate Center, three Class A suburban office buildings totaling 305,398 square feet located in Wilmington, Delaware. The Property was constructed in three phases between 1987 and 1990 and was nearly fully occupied with a diverse mix of credit tenants. Two of the three buildings were single or dual-tenant properties, with a third multi-tenant building. The property was well-located in the Northern area of Wilmington, within one mile of three major highways — I-95, I-495, and State Highway 13.