Pete Davisson, a commercial real estate broker in the city for more than 30 years, called the leases a definite win for Wilmington.

Capital One’s 2,200 employees will be based at 800 and 802 Delaware Ave, after signing a 10 year lease running through 2027.

“For the first time ever, Capital One will have all of its Delaware associates together in one space,” said Joe Westcott, Capital One’s Delaware Market president.

“It is important to us that we stay here in Wilmington and demonstrate a long-term investment in the city… We are focused on partnering with the city and being part of its future.” -Joe Westcot. Image from LinkedIn

The Delaware Avenue buildings are attractive space for Capital One because they already included luxuries like; a cafeteria, fitness center and adjacent parking. Newark-based Delle Donne Associates and a Chicago based real estate investment trust own the two building and are planning renovations to include an open floor plan, added communication technology and creating collaboration space. The facelifts should take about 18 to 24 months.

Read the full article at DelawareOnline.com

Stay Up-to-Date on Business News in Wilmington
Sign up for Our Monthly Newsletter!

  • Show Comments

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

Wilmington Celebrates SEPTA Upgrades To/From Philadelphia

SEPTA adds round-trip trains on weekday mornings and Saturday nights Wilmington Mayor Mike Purzycki ...

Ladybug Music Festival July 20 – 21

The exclusively female-fronted music festival, has seen its downtown Wilmington summertime crowds grow by ...

Person writing ideas on a whiteboard.

Wilmington Startups Make Technical.ly’s realLIST.

Local businesses are one of the biggest suppliers for a lot of our news. ...

Copyright © 2019 WilmToday.com
Designed and Developed in Partnership with
Tapp Network - Mission-driven Marketing & Technology
Located in Wilmington, DE