NAI Emory Hill Facilitates Sale of 220 Lake Drive in Newark, DE

New Castle, DE – October 8, 2024 – NAI Emory Hill, a member of the world’s premier managed network of commercial real estate firms, announced today that it represented the sale of 220 Lake Drive in Newark, Delaware to Zacros America, Inc. This significant off-market transaction, facilitated by David Morrison of NAI Emory Hill representing the buyer, marks the largest deal of the year for the firm.

The property, a 183,235 SF industrial facility, was sold to Zacros America, Inc., a global leader in manufacturing flexible packaging. This transaction highlights the continued strength of the industrial real estate market in Delaware, as well as the strategic importance of the location to the buyer’s growing operations in North America. As an owner-occupant, Zacros America, Inc. plans to use this facility to further its mission of delivering innovative, sustainable packaging solutions. 

Morrison, Principal at NAI Emory Hill, emphasized the importance of securing a high-quality facility that aligns with Zacros Americ, Inc.’s growth objectives. “It’s been a privilege to work with Zacros America, Inc. in this transaction. This sale reflects the company’s commitment to strengthening its operations in the U.S., and we are thrilled to have facilitated this deal.”

With operations in 6 countries and 38 locations worldwide, Zacros is a global leader in driving environmentally friendly innovations. This deal highlights NAI Emory Hill’s management of large-scale real estate deals and fostering strategic partnerships across industries.

About NAI Global:

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more visit www.naiglobal.com