Evidence of the supply chain crisis we are facing is hard to miss. Right now, off the coast of Los Angeles, over 80 large container ships are sitting idle waiting to dock and offload their cargo. The ramifications of this and other bottlenecks in our global supply chain system have caused a backlog of nearly $3 billion in goods that have been ordered but not yet shipped, according to U.S. Census data. What caused this to…
Q3 2021 Philadelphia Industrial Market Report
The Philadelphia Regional Industrial Market experienced several trends consistent throughout each individual submarket including record breaking absorption, low vacancy rates and active construction levels. These trends put the market on a trajectory for the strongest year ever. Throughout the third quarter, the Philadelphia Region recorded nearly three times the net absorption as the previous quarter with 23.9 MSF quarterly absorption. Strong quarterly and YTD absorption has caused vacancy levels to drop to historic lows. Overall…
The Changing Nature of Industrial Demand
The U.S. warehouse market is booming like the red-hot housing sector, as companies compete for scarce distribution space to meet surging e-commerce demand. The competition is driving up industrial rents as retailers and logistics providers race to move goods closer to population centers, with some engaging in bidding wars for the most coveted sites. Businesses are pushing to deliver online orders faster to the homes of digital shoppers and responding to growing consumer spending…
REITs Outperform Private Equity Real Estate Funds
With interest rates at extremely lows levels and fears of rising inflation heating up, investors have flocked to real estate investment trusts (REITs) as an investment vehicle. Is it wise to do so, what is propelling this move, and what kind of performance should investors expect? This report will explain why there is a surge in demand for REITs and analyze how they are currently performing and how they have performed historically. 1 REITs are…
Capital Markets Group from Lee & Associates of Eastern Pennsylvania Brokers $70.0 Million Sale of 572,800 SF in Central Pennsylvania
Plymouth Meeting, PA, August 12, 2021 – The Capital Markets Group from Lee & Associates of Eastern Pennsylvania, headed by Bob Yoshimura and Joe Hill, orchestrated the $70.0 million sale of two industrial facilities in Lancaster County Pennsylvania at 601 Stony Battery Road and 35 Conewago Road totaling 252,800 SF and 320,000 SF respectively. Lee and Associates of Eastern Pennsylvania team members Eric Mattson and Connor Sanbower also assisted in the transaction. Dalfen Industrial…
Lee & Associates of Eastern Pennsylvania Arranges Sale of a 280,034 SF Class A Office Complex in Newtown, PA
Excellent Location, Strong In-Place Tenancy & Value-Add Component Attracted Wide Market Interest MALVERN, PA, July 30th, 2021 – Lee & Associates of Eastern Pennsylvania’s Capital Markets team orchestrated the sale of a 280,034 square foot, five (5) building, Class A office complex known as The Lindenwood Corporate Center in Malvern, PA. Bridge Investment Group purchased the complex from TA Realty Associates. At the time of sale, the facility was 73% leased by twenty-four (24)…
Lee & Associates Expands Life Sciences Team with the Addition of Experienced Cannabis Industry Professional
July 26, 2021 09:00 AM EST Pennsylvania—Lee & Associates, a national full-service commercial real estate brokerage firm, announces the addition of Dylan Irving, to its suburban Philadelphia office. Dylan began his real estate career in 2016 as a CRE Advisor with Cresa, where he focused on industrial tenant representation. His work as an advisor to emerging cannabis operators propelled him into a career in cannabis as a successful sales representative for multiple companies. Dylan made…
Northumberland firm buys land, plans expansion for 450 jobs
LEWISBURG — Union County Commissioners agreed to sell 43 acres at Great Stream Commons business park to a Northumberland County manufacturing firm with plans to build a new plant and create an estimated 400 to 450 jobs. Commissioners Preston Boop, Jeff Reber and Stacy Richards voted unanimously Tuesday to accept a $1,800,000 offer from River Run Foods of Northumberland. Boop noted that River Run agreed to purchase at the county’s asking price. Roger Hoffman, chief…
Recent Sale of 7 Acres will bring Convenience Store to Great Stream Commons
July 6, 2021 11:00 AM EST Pennsylvania—Lee & Associates, a national full-service commercial real estate firm Along with Union County is proud to announce the sale of 7 acres at Great Stream Commons to J. J. Powell, Inc. of Phillipsburg, PA for development of a Snappy’s Convenience Store. Snappy’s was founded in 1993 and is a locally-owned chain with nearly a dozen locations. This sale culminates an original agreement of sale approved by the Commissioners…