PHILADELPHIA REGION SNAPSHOT 3.24% Vacancy 581,978,333 SF Standing Stock 10,507,353 SF Net Absorption 45,201,605 Under Construction Overall, the Philadelphia Region continues to be one of the strongest markets in the country. Vacancy increased 80 bps to 3.24%, reflecting a combination of new Construction Deliveries (15.3 MSF), Net Absorption (10.3 MSF), and some newly vacant second-generation space (836,000 SF). Rolling Construction levels are off 10% for the 2nd straight quarter, down 10.9 MSF from their Q2’22…
LEE & ASSOCIATES GROWS ROSTER, ADDS LEE FITTIPALDI, PRINCIPAL
Pennsylvania—Lee & Associates, a national full-service commercial real estate firm, adds strategic partner to the firm. Lee & Associates has strengthened its roster yet again with the addition of Lee Fittipaldi as Principal for Industrial services in the Eastern Pennsylvania Region. Fittipaldi not only brings top-notch experience, but also a familiarity to his new teammates. He joins previous coworkers and now Lee & Associates Principals, Kimberly Jacobsen, Brian Knowles and John Van Buskirk in the…
Lee & Associates Expands Solid Foundation Securing Key Capital Markets and Asset Services Team.
─Bob Yoshimura, Joe Hill and Eric Mattson, along with Bruce Gordon to serve as Principals─ Fort Washington, Pa. (September 19, 2019) – Lee & Associates, a national full-service commercial real estate brokerage firm, announces the addition of a top industry teams to launch their Capital Markets and Asset Services platforms in the Pennsylvania, South Jersey and Delaware markets. Veteran Capital Markets executives Bob Yoshimura, Joe Hill and Eric Mattson, will continue to focus on institutional…
Lee & Associates of Eastern Pennsylvania Welcomes Aliza Rubin as Associate to its Team of Professionals
Lee & Associates, a national full-service commercial real estate brokerage firm, announced the appointment of Aliza Rubin as associate to its team of professionals. In this new role, Rubin will focus on industrial, retail and office leasing and sales with a concentration on the central Pennsylvania submarket, as well as the greater eastern Pennsylvania market. She will join the team with Gary Nalbandian and Brad Swidler, two recently appointed principals, and industry veterans, at the…
Lee & Associates Welcomes Two Industry Veterans to Pennsylvania Executive Team
─Gary Nalbandian and Brad Swidler to Serve as Principals─ Mechanicsburg, Pa. (July 31, 2019) – Lee & Associates, a national full-service commercial real estate brokerage firm, recently announced the addition of two industry veterans to its team of professionals officed in Central Pennsylvania. Gary Nalbandian and Brad Swidler will both serve as principals at the firm. Nalbandian will focus his efforts on retail brokerage sales and leasing, while Swidler will be responsible for commercial retail…
Lee & Associates of Eastern Pennsylvania: Transaction Update
TRANSACTION UPDATE Lee & Associates of Eastern Pennsylvania represented Matrix Development Group in the lease of their 1.2MM square-foot building at 4532 United Drive, Shippensburg, PA. John Van Buskirk, SIOR, Joel Kreider, SIOR and Ed Skonecki brokered the deal with tenant rep., JLL to bring the tenant into the full building lease. Brian Knowles, SIOR, CCIM, of Lee & Associates of Eastern Pennsylvania represented both the landlord and tenant in the pre-lease of 2505 Hollo…
Lee & Associates of Eastern Pennsylvania Secures Full-Building Pre-Lease
MARCH 12, 2019 | ALDEN DYSON, CoStar Lulus Signs Large Industrial Lease in Palmer Township, Pennsylvania Online Retailer Takes New Class A Warehouse Online retailer Lulus Fashion Lounge leased The Carson Companies’ 258,232-square-foot industrial building in Palmer Township, Pennsylvania. The single-story structure at 2505 Hollo Road comprises 41 loading docks, two drive-in bays and 36-foot clear ceiling height. Developed by the owner in 2019, the Class A facility is less than 12 miles from Lehigh…
Uncovering Opportunity Zones: 4 Things to Know
There has been a lot of talk about opportunity zones lately and these headlines are catching the eye of many investors eager to tap into this market. As we continue to hear more and more about these new real estate ventures, we want to ensure you know everything you need to about these opportunity zones so you can make a qualified decision on this type of investment. What are Qualified Opportunity Zones? Qualified Opportunity Zones…
Zahniser Joins Lee & Associates of Eastern Pennsylvania As Senior Associate
Fort Washington, Pennsylvania, January 8, 2019 – Eric Zahniser has joined Lee & Associates of Eastern Pennsylvania as the newest member of its dynamic sales team. “Eric brings deep knowledge of corporate real estate transactions, project management and investment analysis to the team. This experience coupled with the relationships he has developed through his involvement in IAMC (Industrial Asset Management Council) will enable him to be a great asset to Lee & Associates,” says Brian…