Emory Hill Facilitates Sale of 88-Unit Apartment Complex in North Wilmington
Wilmington, DE [July 25, 2025] – NAI Emory Hill is pleased to announce the successful sale of Lancashire Apartments, now rebranded as Larkwood Place Apartments, an 88-unit multifamily community located at 1 Rector Court in Wilmington, Delaware. The sale closed in under six months with Emory Hill’s Kyle McLaughlin and Rich Dudek, SIOR, representing the seller.
The property was acquired by Berger Communities, marking the second acquisition of 2025 for Berger Investments & Berger Communities, with a third already in the pipeline. Larkwood Place offers a mix of studio, one and two-bedroom apartment homes ranging from 312 to over 733 square feet.
With renovation plans already in motion, the Berger Infrastructure team will modernize a majority of the units, enhancing the living experience for current and future residents.
“Lancashire Apartments presented a strong value-add opportunity in a high-demand rental market,” said McLaughlin. “Berger Communities had a clear plan for repositioning the asset, and we’re proud to have facilitated a smooth, timely transaction for our client.”
NAI Emory Hill collaborated with WSFS Bank and Tommy Ciccarone Jr. of Bennett Williams Commercial, who assisted the buyer throughout the acquisition process.
“Working with Rich and Kyle at NAI Emory Hill was an excellent experience. Their professionalism, market expertise, and clear communication made what could have been a complex sale smooth and efficient,” said the Seller. “They understood our goals from the start and worked to secure the right buyer quickly. We’re very pleased with the outcome and confident that the new owners will invest in and enhance Lancashire Apartments for the community.”
About NAI Emory Hill
NAI Emory Hill has been providing full-service commercial real estate support for businesses throughout the Mid-Atlantic and developing wealth-building strategies for investors since 1981. Today, the Emory Hill Companies continue to provide comprehensive real estate services to the Mid-Atlantic region including commercial brokerage, construction, property management, maintenance, and residential real estate services. In 1997, our brokerage services division aligned with NAI Global, the world’s largest managed network of real estate service providers.
About NAI Global
NAI Global is a leading 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 properties and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. 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.