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Douglas Development Corp. Enters Delaware Market With Acquisition of PNC Bank Center

Washington, DC-Based Firm Buys Wilmington Office Tower for $24 Million
The 18-story PNC Bank Center in Wilmington, Delaware, was completed in 1987. (CoStar)
The 18-story PNC Bank Center in Wilmington, Delaware, was completed in 1987. (CoStar)
By Ella Anderson
CoStar Research
November 14, 2019 | 5:46 P.M.

Washington, D.C.-based Douglas Development Corp. has purchased PNC Bank Center in Wilmington, Delaware, from AIG Global Asset Management for $24 million, or about $83 per square foot.

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