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News release

NEWARK

JLL and Delle Donne and Associates Announce the Development of a New Trophy Office Tower at The University of Delaware’s Science, Technology and Advanced Research (STAR) Campus


NEWARK, DE – May 8, 2017 – Commercial real estate firm JLL and Delle Donne and Associates (DDA), in partnership with the University of Delaware (UD), have announced the development of a new trophy office tower at the University of Delaware's Science, Technology and Advanced Research (STAR) Campus. The tower will encompass 120,000 SF of trophy office space.  Approximately 80,000 SF will be taken by the University of Delaware and allocated to its College of Health Sciences. The site also offers additional acreage for build to suit opportunities.  JLL has been awarded the listing to lead leasing and marketing efforts for the tower, as well future facilities on the adjacent 16 acres of land that falls inside DDA's ground lease for development.

The Class-A office property will be conveniently located at the gateway to the STAR Campus, fostering a community to learn, live, work and play. This goal to provide such community is prominent in major university settings throughout the nation.

"We are excited to further expand our relationship with Delle Donne and Associates," said Jamie Vari, of JLL's Delaware office. "STAR Campus is a major re-development of a Delaware legacy property that will bring another echelon of quality into the office market in New Castle County, Delaware. With rail access, proximity to major road arteries, and built-in University of Delaware infrastructure, we believe that this campus will have similar success and characteristics to the Navy Yard in Philadelphia."

Formerly the site of 272-acre Chrysler assembly plant, UD's STAR Campus master plan is comprised of a mix of commercial enterprises, research facilities, classrooms, housing, retail and green spaces. Intended to catalyze economic development, the University of Delaware's STAR Campus is growing into a center of innovation that blends cutting-edge research, top-notch academics and thriving businesses in one location. STAR Campus provides educational and professional opportunities to students, research and collaborative inquiry to researchers and an educated and technologically savvy workforce to employers.

STAR Campus is currently home to:

  • A performance computing company named by Forbes as one of America's Most Promising Companies
  • A manufacturer of clean fuel-cell power sources whose energy servers provide power to Fortune 500 clients including Google, Wal-Mart, AT&T and Coca-Cola.
  • A 10,000 square-foot wet lab business incubator for small research companies
  • A test zero-emissions vehicle laboratory supported by the U.S. Department of Energy, the State of Delaware, NRG Energy, Honda and BMW.
  • UD's Health Sciences Complex of classrooms, research laboratories, and open-to-the-public care clinics. Operating under the name STAR Health, UD's comprehensive clinics offer major health and prevention services including: primary care, physical therapy, speech therapy, mental health services, care coordination, nutrition counseling, fitness counseling and health coaching.
    • Local residents can access high quality care and work directly with researchers developing advanced ways to treat illnesses and injuries.
    • UD students train to become the next generation of healthcare practitioners in the clinics, including one belonging to the world-class physical therapy department, a program ranked #1 by U.S. News and World Report.

Jamie Vari will lead the leasing efforts on behalf of JLL.

For more news, videos and research resources on JLL, please visit JLL's U.S. Media Center web page.

About Delle Donne and Associates

Delle Donne & Associates (DDA) is a Delaware corporation started over 70 years ago by Eugene A. Delle Donne. The corporate headquarters are located at One Corporate Commons, in New Castle, Delaware. Ernest F. Delle Donne, President and Chief Executive Officer, has assembled a creative team that takes pride in the quality of its product. Partners of the firm have extensive experience in real estate development, economic development, financial structuring and real estate law. DDA stresses a team approach to ensure adherence to the highest standards of quality, efficiency and personal commitment in every project.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.