We know leases can be confusing, we’re here to help! Below are 5 things to consider as you approach the expiration of your lease. Be aware of any and all critical dates – Know the date of your lease expiration as well as the timing of any renewal option and/or notification periods. Don’t wait – Plan to begin the process no less than 9-12 months in advance of your lease expiration date or renewal…
Industrial park planned along Route 309 just north of Quakertown
By: Andrew Wagaman Of The Morning Call Twitter @andrewwagaman Real estate investment companies based in Baltimore and Boston are teaming up to build an industrial park along Route 309 just north of Quakertown. A joint venture between MRP Industrial of Baltimore and Cabot Properties of Boston will break ground this summer on two buildings totaling more than 260,000 square feet on West Pumping Station Road in Richland Township, Bucks County. The 23-acre site, called Park 309,…
Top Considerations in Site Selection Via LeeMail
Thinking about relocating your business? Here are a few things you should consider when selecting a site. Accessibility: “Location, Location, Location” Access roads; Can they support the volume of traffic your business needs or will off-site improvements be required? Also, toll roads can add cost to your employees & freight. Labor: Unemployment is reaching historic lows. That means tight competition, wage pressure and supply constraints. Consider the labor story when choosing your location. Utilities: Are…
Philadelphia Region Construction Activity
SPEC construction continued to trend upward as Q1 2018 exceeded the prior year average by 20%. BTS construction sustained a steady rise as Q1 2018 kept pace with the prior year and exceeded 2016 average by 24%. For more information on the construction in the Philadelphia Region contact us today!
Whitehall light industrial center sold for nearly $12 million
By: Andrew Wagaman Of The Morning Call A Whitehall Township light industrial building across the Lehigh River from Lehigh Valley International Airport has been sold for $11.65 million. 1788 Holdings LLC, a private real estate investment company based in Bethesda, Md., has acquired the Riverside Business Center at 1139 Lehigh Ave., from Cafritz Interests, a real estate development company based in Washington, D.C. The sale closed March 1, according to county records. The 423,900-square-foot property…
St. Louis developer to build $45M industrial spec project near airport
By Brian Pedersen, February 2, 2018 – Architectural rendering shows what The Cubes at Lehigh Valley-Airport Road in East Allen Township will look like upon completion. A 40-acre property on Airport Road in East Allen Township is the site for a St. Louis-based developer’s plan to build a 450,000-square-foot-industrial building, a project that could cost $45 million or more. CRG, headquartered in St. Louis, will build The Cubes at Lehigh Valley-Airport Road, which the company…
“We’re Enjoying Pretty Significant Popularity… We’re in Vogue”
By Simon Prichard, Sr. Partner – Gerald Eve in LinkbyLee’s London Calling While the Brexit shock and political instability have left the United Kingdom’s economy subdued compared to other major countries, the commercial property market has been setting new records. The demands on the nation’s top real estate advisors have increased dramatically. The result has been a boon for Gerald Eve, Lee & Associates’ European strategic ally, which was recently honored as ‘National Advisor of the…
Passion Project – Making Great Pinot Noir Without Going Sideways
To certain wine lovers, the thought of planting vineyards and producing wine along California’s Central Coast is hardly an extravagant idea, and it may account for the fact that wineries in these parts seldom change hands. So, what’s it take to get in on the fun? To keep costs down, most people start making wine in leased space or in space shared with another winery and using grapes purchased locally. Others plant vineyards on leased…
Roadwork impacting your region
Gearing up for the holiday season? Wondering when those packages are going to arrive? Planning to get all of your shipments out on time? We are here to help you with an overview of the roadwork affecting your region! Lehigh Valley Great news! The work on I-78 that has been slowing down your trucks between Berks and Northampton Counties will be placed on hold for the holiday season and resume in Spring 2018. When the…