Big deal in Delaware: Wilmington office building trades for $62M

Three Beaver Valley Road, an office building in Wilmington, Del., was on the market for just about six weeks when it received 10 offers from investors in seven different states. It ultimately sold for $61.8 million, or $235 a square foot.

That is considered quick deal making but for a building like Three Beaver, it fit just about everything an investor wants these days in a suburban office property.

The five-story structure totals 264,000 square feet and is 94 percent occupied with Farmer’s Insurance…