NEW CASTLE, DE – Parkway Gravel, Inc., based in New Castle, DE, has purchased First State Plaza, located at 1600 W. Newport Pike, Wilmington, for $31.8M. The highly visible +/-165,000 square-foot retail center with over 1300 square feet of frontage on West Newport Pike/Route 4, sits on 20.58 acres and is anchored by major retailers such as Shoprite, Cinemark, Dollar Tree, US Postal Service, and McDonald’s.

The seller, FSSC, LLC. out of Wilmington, DE was represented by Jim O’Hara, Jr. of NAI Emory Hill. Jeff Shahan of SB Real Estate represented the buyer in this transaction.

###