Bon Appetit Restaurant at 312 High St. in Seaford was sold in June, among a portfolio of other properties in downtown Seaford. | PHOTO COURTESY GOOGLE MAPS
SEAFORD — A portfolio of three downtown Seaford properties have been sold to two business entities for a combined $655,000 with hopes to continue revitalization efforts in the former DuPont town.
Southern Delaware real estate investors Trinity Redevelopment bought both 304 High St. and 312 High St., home to the Bon Appetit restaurant, for a combined $300,000 in early June, according to Sussex County land records. Meanwhile, 401 High St., home to retailers The Wild Fern and Your Sister’s Closet, was sold for $355,000 to a limited liability company connected to One Way Insurance Group.
The combined floorspace is 14,150 square feet, and 401 High St. has three apartments on the second floor.
Trinity Redevelopment is a partnership between Dr. Aaron Green, a physician based in Millsboro; Linda Vista Real Estate Services owner Jose Quiñones and Craig de Mariana Aleman, an attorney who manages his own portfolio of commercial and real estate properties.
Between the three partners, the firm owns 200 units in Seaford, Selbyville, Milford and Milton. In Seaford, Trinity Redevelopment owns the Seaford Executive Center and Doña Maria’s Pupuseria restaurant, both on High Street.
“The entire goal is to buy up properties, invest in them, clean them up and maintain or draw businesses to revitalize these neighborhoods,” de Mariana Aleman told the Delaware Business Times. “We’ve been investing in Seaford for about six years, and we’ve been seeing a difference. There’s kids riding on bikes, we’re seeing more people come in. There’s opportunity.”
Bon Appetit, a popular local French restaurant, has four years remaining on its lease and de Mariana Aleman said he hopes the restaurant will stay for years to come.
Harmony Touch, the salon at 304 High St., has relocated, while the Hard to Handle sub shop closed at the end of June. Trinity Redevelopment will renovate the building for a diner and a country store, according to de Mariana Aleman.
Renovations on the second floor of 304 High Street will also make room for one luxury apartment.
The High Street portfolio was held by the Bennett family, according to land records. George Merritt, an agent with NAI Coastal who brokered the sale, said the family held the portfolio for generations and saw opportunities in a post-COVID real estate market.
In the past year, Seaford has finally filled the former Allen Harim Foods corporate complex with two businesses, landed a last-mile Amazon fulfillment center and broken ground on a new industrial complex. The city also launched revitalization efforts of the old J.B. Robinson Oyster House, turning it into a city park.
“Sussex County is in the midst of widespread growth and development, making it the perfect place for commercial real estate investors to direct their attention,” Merritt said. “All three buildings were contracted within a month of listing, underwent smooth due diligence periods, and settled without major delay.”
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July 09, 2021 at 02:38AM
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Downtown Seaford businesses sold with revitalization in mind - Delaware Business Times
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