1. Cost Savings: Often times sublease spaces come at a lower cost compared to leasing directly from the property owner. The Sublessor is likely willing to offer a discounted rate to recoup some of their expenses. 2. Flexibility: Subleasing arrangements can be more flexible in terms of lease duration compared to traditional leases. This can be beneficial for businesses that require short-term or temporary storage solutions without committing to a long-term lease. 3….
SENIOR PROPERTY MANAGER ERIC STANKIEWICZ JOINS LEE & ASSOCIATES OF EASTERN PENNSYLVANIA
Pennsylvania – March 13, 2024 – Lee & Associates, a leader in commercial real estate services, proudly welcomes Eric Stankiewicz as its newest Senior Property Manager. Eric joins the Pennsylvania-based team of Bruce Gordon, Michael Kelly, Mark Christine, and Grace Williams, which manages in excess of 15 million square feet. With over a decade of comprehensive experience in property management, Stankiewicz brings a wealth of knowledge and expertise to Lee & Associates. His extensive background encompasses various…
Industrial Zoned Land Approved for 158,760 SF Changes Hands in York, PA
Joel Kreider, SIOR, and Ed Skonecki of Lee & Associates Facilitate Successful Sale of 12.28 Acres in York, PA [York, PA -March 1, 2024] – Joel Kreider, SIOR, and Ed Skonecki of Lee & Associates are pleased to announce the successful completion of a significant transaction involving the sale of 12.28 acres of prime land located at 85Church Road in York, PA. The transaction was facilitated by Kreider and Skonecki, who represented the Seller Drew…
Lee & Associates Represents Catalyst Commercial Development in the Successful Full Building Industrial Lease in Denver, PA
Denver, PA – [February 13, 2024] – Lee & Associates proudly announces the successful full building lease at 425 S. Muddy Creek Road, Denver, PA, a 117,000 square feet Class A speculative project by Catalyst Commercial Development. The property, strategically located directly at the PA Turnpike/Rt 222 interchange, was completed in the fall of 2023. Featuring 36’ clear heights, ESFR, LED lighting, and outstanding car parking, trailer parking, and visibility. The building exemplifies the high…
ANDREW LANDOLFI PROMOTED TO VICE PRESIDENT OF LEE & ASSOCIATES OF EASTERN PENNSYLVANIA
Philadelphia, PA (January 3, 2024) – Lee & Associates, a leading commercial real estate firm, is pleased to announce the promotion of Andrew Landolfi to Vice President. This strategic move reflects Andrew’s exceptional contributions to the firm and his demonstrated commitment to delivering outstanding results for clients. Since joining Lee & Associates in 2021, Andrew has consistently exhibited professionalism, expertise, and dedication. His comprehensive understanding of the local market, coupled with his innovative approach to…
LEE & ASSOCIATES DOUBLES DOWN ON RESEARCH WITH STRATEGIC HIRE OF HEATHER KREIGER, CCIM
Incoming President of the CCIM, PA/NJ/DE Chapter Makes Strategic Transition into a Regional Research Director Role for Lee & Associates of Eastern and Western PA Lee & Associates a prominent name in the commercial real estate industry, is proud to announce a significant addition to its growing team. Heather Kreiger, CCIM, a seasoned Brokerage Advisor with over 19 years of experience in CRE research and brokerage, most recently of High Associates Ltd., has joined Lee…
Lee & Associates Brokers Two Leases Totaling Nearly 60,000 Square Feet of Space at New Heights Industrial Park in Hagerstown, MD
Hospitality development company Tomu leases 15,000 square feet, and healthcare technology firm Pycube signs a lease for 43,750 square feet of space. Hagerstown, MD (September 21, 2023) – Lee & Associates of Eastern Pennsylvania has brokered two new leases at New Heights Industrial Park, a 900,000 square foot commercial office and industrial park in Hagerstown, Maryland, for a combined 60,000 square feet of space. The development, located at 18450 Showalter Road, is owned and managed…
Q2 2023 PHILADELPHIA INDUSTRIAL MARKET REPORT | LOGISTICS SET
PHILADELPHIA REGION SNAPSHOT 5.43% Vacancy 605,126,017 SF Standing Stock 5,987,667 SF Net Absorption 28,358,851 SF Under Construction As expected, both Vacancy and Availability continued an upward trend in the wake of 14.2 MSF of newly delivered buildings, including nearly 8.9 MSF of unleased space. The effects were muted by 6.0 MSF of positive Net Absorption, including new I.0 MSF+ occupancies by Lowe’s, Jillamy, Amazon.com, and UNFI. Rolling Construction levels continued a 5-quarter decline…
DWIGHT HOTCHKISS NAMED EXECUTIVE MANAGING DIRECTOR AND COO OF LEE & ASSOCIATES OF EASTERN PENNSYLVANIA
DWIGHT HOTCHKISS NAMED EXECUTIVE MANAGING DIRECTOR AND COO OF LEE & ASSOCIATES OF EASTERN AND WESTERN PENNSYLVANIA Formerly President of Lee & Associates of Riverside, California, executive brings more than 33 years of diversified commercial real estate brokerage expertise. Philadelphia, PA (July 11, 2023) – Dwight Hotchkiss, SIOR has been hired by Lee & Associates of Eastern Pennsylvania as its new Executive Managing Director and Chief Operating Officer. Formerly President of the Lee & Associates…