Transactions

  Site, immediately adjacent to NJ Route 55 and south of Philadelphia, contains a 36,000 SF warehouse and six acres suitable for outdoor storage. Plymouth Meeting, PA (January 13, 2022) – Lee & Associates of Eastern Pennsylvania, a fully-integrated commercial real estate brokerage and management firm, has brokered the sale of 2020 Delsea Drive, a 13-acre industrial property located approximately 15 miles south of Philadelphia, for $5.64 million. Tony Rod, SIOR, Principal, and Andrew Landolfi,…

Amazon Same-Day delivery. Philadelphia, PA. December 29th, 2021 – The Capital Markets group, headed by Bob Yoshimura, Joe Hill, and Eric Mattson from Lee & Associates of Eastern Pennsylvania (“LAEP”), orchestrated the sale of a newly renovated 98,652 square foot industrial building located at 700 Ramona Avenue in Philadelphia, PA. LBA Realty purchased the property from SBG Real Estate who initiated the redevelopment of the asset. Total consideration for the transaction was nearly $28 million…

  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…

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)…

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…

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…

Canadian-based company offers freight delivery services throughout North America Plymouth Meeting, PA (May 20, 2021) – Lee & Associates of Eastern Pennsylvania has brokered a full-building lease with LC Logistics Services, Inc. for 486,812 square feet of space within 1950 River Road, a Class “A” industrial/warehouse located in Burlington, New Jersey that will deliver later this year. Tony Rod, SIOR, Brian Knowles, SIOR, Patrick Lafferty II, each Principals with Lee & Associates of Eastern Pennsylvania,…

Full-service logistics and moving company leases space at 88 Industrial Park Road Mechanicsburg, PA (November 17, 2020) – Lee & Associates of Eastern Pennsylvania has brokered a lease with DB USA Logistics Inc. for 59,300 square feet of space within 88 Industrial Park Road, a 194,000 square foot warehouse/industrial building situated in Pennsville, New Jersey. Eric Zahniser and Patrick Lafferty, both Vice President of Lee & Associates of Eastern Pennsylvania represented the tenant.   DB…

November 18, 2020 9:00 AM EST Excellent Location, Strong In-Place Tenancy & Value-Add Component Attracted Wide Market Interest NEWTOWN, PA, November 18, 2020 – Lee & Associates of Eastern Pennsylvania’s Capital Markets team orchestrated the $18.0 million sale of a 101,450 square foot, Class A office building located at 100 Brandywine Boulevard in Newtown, PA. An affiliate of Pembroke IV purchased the building from a client of Washington Capital Management. At the time of sale,…