CAD Import has signed a three-year lease with landlord Gedric DE for 27,000 square feet of space within Twin Spans Business Park in New Castle, Del.
Although it has been operating primarily as an importer, CAD plans to use the site for exporting, as the company expands and diversifies into that sector.
The signing of the lease was arranged by Ernie Felici Jr. and John Birmingham III of Cushman & Wakefield’s Wilmington, Del., office, along with Bob Wheatley of Alliance Real Estate Professionals of Laurel, Del. The landlord was represented by Mitch Berkowitz and Sean McCue of Deaton McCue and Company.
“CAD has been importing health and beauty products from Central America for distribution to retailers all over this region, and is now entering the export business,” Felici said in a written statement.
He added, “Because of the nature of CAD's business, the focus of the site search was proximity to the Port of Wilmington, which this location provides.”