SL Acquisitions LLC is planning a new 123,000-square-foot industrial facility at 220 West Clinton St. in Dover after acquiring the 6.5-acre site for $6.85 million. — Rendering courtesy: CBRE
By Joshua Burd
A distributor of metal tubes and pipes has sold a development site in Dover after completing its new headquarters facility on adjacent land, brokers with CBRE announced this week.
The buyer, SL Acquisitions LLC, paid $6.85 million for the 6.5-acre property at 220 West Clinton St., roughly a mile from Interstate 80. It’s now planning a ground-up development adjacent to Dover Tubular Alloys’ 80,000-square-foot facility.
CBRE’s Thomas Mallaney and Denise Kokulak represented the seller in both transactions. Resource Realty represented SL Acquisitions LLC.
“Following the completion of construction of its new 80,000-square-foot executive office and distribution headquarters in a deal arranged by CBRE, we worked closely with our client on the disposition of the adjacent 6.5-acre site next to its new headquarters,” Mallaney said. “We are thrilled with the completion of Dover Tubular Alloys’ new home and gratified to complete the sale of the adjacent development site, bringing in a buyer that has plans for a new, state-of-the-art 123,000-square-foot industrial facility in Dover.”
