SEAFORD – A portfolio of three properties in downtown Seaford has been sold to two business units for a total of $ 655,000 in hopes of continuing revitalization efforts in the former city of DuPont.
South Delaware real estate investors Trinity redevelopment bought both 304 High St. and 312 High St., home of the Good Appetite Restaurant for $ 300,000 total in early June, according to Sussex County’s land registers. Now 401 High St., home to retailers The wild fern and Your sister’s closet, was sold to a limited company affiliated with for $ 355,000 Disposable insurance group.
The combined living space 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 doctor in Millsboro; Linda Vista real estate services Owners Jose Quiñones and Craig de Mariana Aleman, a lawyer who manages his own portfolio of commercial and real estate properties.
Between the three partners, the company 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 overall goal is to buy real estate, invest in it, clean it, and run business or draw to revitalize these neighborhoods,” de Mariana Aleman told the Delaware Business Times. “We’ve been investing in Seaford for about six years and we’re seeing a difference. There are children who ride bicycles, we see more people coming. There are possibilities.”
Bon Appetit, a popular local French restaurant, has four years of lease and de Mariana Aleman hopes the restaurant will last for many years to come.
Harmony touch, The salon at 304 High St. has moved while the Hard to Handle subshop closed in late June. According to de Mariana Aleman, Trinity Redevelopment will renovate the building for a diner and country shop.
The renovation work on the second floor of 304 High Street will also create space for a luxury apartment.
The High Street portfolio was owned by the Bennett family, according to the Land Registry. George Merritt, an agent with NAI coast who brokered the sale said the family had held the portfolio for generations and saw opportunities in a post-COVID real estate market.
Last year Seaford finally filled the former Allen Harim Foodss corporate complex with two companies, ended up a final mile Amazon shipping center and broken ground on a new industrial complex. The city also started revitalizing the old JB Robinson Oyster House and 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 turn their attention,” said Merritt. “All three buildings were contracted within one month of listing, smooth due diligence phases went through and billed without any major delay.”