When it comes to reducing employee absenteeism, promoting health and wellbeing and boosting workplace productivity, having an effective office space is key. Factors like layout, lighting, furniture and technology can make all the difference. Discover the impact of office design on employee performance and how you can create a better work environment overall. Types of Office Design Trends Certain office layouts are better suited for some industries and work environments than others. Let’s look at…
Lee & Associates Brokers Full Lease of Recently Completed Lehigh Valley Industrial Building.
Lehigh Valley, PA August 26, 2022 – Lee & Associates of Eastern Pennsylvania principals Kim Jacobsen and Lee Fittipaldi represented the landlord, INDUS Realty Trust. Inc. (“INDUS”), in the full-lease up of 4741 Chapmans Road, a newly completed 102,250 square foot industrial facility in South Whitehall Township, PA. The building delivered in June with 67,750 square feet pre-leased. The team completed the remaining 34,500 square foot lease within 30 days of the building’s completion. The building offers…
10.7 Million Square Feet of Net Absorption in Warehouse / Industrial Space Maintains Historic Low 1.99 Vacancy Rate In Philadelphia Area
Lee & Associates of Eastern Pennsylvania Q2’22 data represents an increase of 10.7 million square feet of net absorption for Q2’22, with 56 million square feet under construction Mechanicsburg, PA (July 20, 2022) – The vacancy rate for warehouse/industrial space in the greater Philadelphia metropolitan region remained at a historic low of 1.99% during the second quarter of 2022, on the strength of more than 10.7 million square feet of net absorption, according to the…
Lee & Associates Sells Industrial Outside Storage Acreage in Logan Township NJ for $1.17 Million
Brokerage firm selected to handle exclusive leasing activities for 1.56-acre site in commercial real estate category that has emerged into a $200 billion asset class Plymouth Meeting, PA (July 18, 2022) – Lee & Associates of Eastern Pennsylvania has brokered the sale of a 1.56-acre parcel situated at 2337 Center Square Road in Logan Township, New Jersey, and subsequently was selected by the new owner, Criterion Group, to handle exclusive leasing activities for the site…
Lee & Associates Brokers 28,091 SF Lease with Pianca Packaging in Whitehall, PA
Food service packaging company develops safe food packaging containers. Mechanicsburg, PA (June 20, 2022) – Food service packaging company Pianca Packaging, LLC has signed a lease with Buligo Capital Partners for 28,091 square feet of industrial space within the Riverside Business Center in Whitehall, Pennsylvania. Located at 1139 Lehigh Avenue and constructed in 1910, the 423,900 square foot single-story light industrial building was acquired by Buligo this spring. Brian Knowles, CCIM, SIOR , and Eric…
Questions to Ask Yourself Before Signing a Lease
Signing a commercial lease can be an involved process. There are a few essential questions to ask yourself and research before you commit. In this FAQ about signing a lease for a commercial property, you’ll get all the information you need to consider before you sign and tips for choosing the right agreement for your business. 1. Are You Building for the Future? Before signing a commercial lease, analyze your company’s growth trends. Commercial leases…
The Hidden Value in Commercial Parking Lots
If you are a new commercial real estate investor or business owner, your property may be an overlooked asset. Industrial lots are essential for businesses, making them also essential to investors. An industrial outdoor storage yard allows e-commerce companies and other growing industries to store and ship their items more efficiently, making them an exciting opportunity for businesses and investors. In this article, we’ll dive into the investment opportunities associated with Industrial Outdoor Storage Yards. Using Parking…
Lee & Associates Brokers Lease of 340,695 SF along Route 33 Corridor in the Lehigh Valley.
Lehigh Valley, PA June 1, 2022 – Lee & Associates Principals, Brian Knowles, CCIM, SIOR, and Eric Zahniser have arranged the full building lease of the newly completed facility located at 1000 Carson Court, Palmer Township, PA. The building, owned and developed by Carson Companies, is the newest of seven completed projects – the eighth building, a 403,896 square foot cross-dock at 1051 Carson Court, is set to deliver in late fall. Carson Companies…
Lee & Associates of Eastern Pennsylvania Brokers Full Lease-up of 100 Industrial Drive in Stockertown, PA
Lehigh Valley, PA May 10, 2022 – Lee & Associates arranged two leases totaling more than 105,000 square feet at the newly renovated 100 Industrial Drive in Stockertown, PA. Building owner Katz & Sterling, invested in exterior and interior improvements that included new LED lighting, painted interior, and refreshed office space. New tenants, Cheap Cheap Moving Boxes and J&A Transline LLC will benefit from the immediate access to Route 33 and its ease of access…