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…
LEE & ASSOCIATES STRENGTHENS REGIONAL ASSET SERVICES PLATFORM WITH HIRE OF MARK CHRISTINE AS SENIOR PORTFOLIO MANAGER
Commercial real estate professional brings 27 years of experience Mechanicsburg, PA (May 4, 2022) – Lee & Associates of Eastern Pennsylvania, a fully-integrated commercial real estate brokerage and management firm, today announced the strategic hiring of Mark Christine as Senior Portfolio Manager for the group’s Asset Services team. Mr. Christine will be based out of the firm’s Mechanicsburg office and will focus on growing the Asset Services platform in Central Pennsylvania and Northern Maryland….
Q1 2022 Philadelphia Region Industrial Market Report
The Philadelphia Regional Industrial Market booked 10.8 MSF of net absorption for Q1’22, more than twice the level recorded in Q4’21. The surge in leasing activity offset 9.2 MSF in new construction deliveries and had the effect of reducing marketwide vacancy to a new record low level of 1.96%. Active construction fell slightly to 46.7 MSF as a number of project starts were pushed back due to supply chain issues delaying the delivery of building…
Capital Markets Group from Lee & Associates of Eastern Pennsylvania Brokers Sale and Lease of New Build in Lancaster, PA
Forward Sale of a Premier Infill Location. Lancaster, PA, April 22, 2022 – The Capital Markets group, headed by Bob Yoshimura and Joe Hill from Lee & Associates of Eastern Pennsylvania (“LAEP”), orchestrated the sale of a newly developed 251,250 square foot industrial building located at 701 Stony Battery Road, Lancaster, PA. This facility encompasses the highest quality of modern industrial design featuring 36′ clear ceiling heights, 49 loading docks, and ample parking capacity….
17 Acre Industrial Storage Yard (IOS) Sold in Morrisville, PA
Pennsylvania – March 2022 – – Lee & Associates of Eastern Pennsylvania, a fully-integrated commercial real estate brokerage and management firm, announces the sale of approximately 17 acres to a private investment firm. Principal Tony Rod, SIOR, and Associate Andrew Landolfi represented the buyer in the transaction. The property offers proximity to the region’s major roadways and provides convenient access throughout the Greater Philadelphia area, New Jersey, New York, and Baltimore. Rod and Landolfi…
Q4 Philadelphia Industrial Market Report
The Philadelphia Regional Industrial Market experienced 4.1 MSF of net absorption for Q4’21 as the market settled into structurally-low vacancy rates. Year-end total net absorption was a record-breaking 41.2 MSF, which combined with delayed construction schedules, contributed to historic-low vacancy rates. Vacancy dropped by 40 bps over the course of Q4’21; for CY 2021 vacancy was down by 423 bps. Over 33 MSF of new construction deliveries are projected for the first half of…