Demand for new, class A space is a major driver for the region’s construction activity. Our Industrial Demand report tracks industrial requirements across our entire market. As of the end of the third quarter, smaller requirements, 500,000 SF or less, outnumber larger requirements by almost two to one. While larger requirements are predominantly focused along the I-81 and I-78 transportation corridor that spans from the eastern edge of the Lehigh Valley to the southern border…
Monthly Download | Construction Update | August 2017
As we near the end of the 3rd Quarter, our industrial market is experiencing 21 million square feet in construction activity, with nearly 3.2 million square feet in new construction starts this quarter alone. The Lehigh Valley and Central Pennsylvania submarkets are leading this activity with 8.8 and 7.3 million square feet of development respectively. The I-81 and Southern New Jersey submarkets are also contributing 2.5 million square feet each of current construction. As of…
Ed Skonecki Joins Lee & Associates of Eastern Pennsylvania as a Senior Associate
Camp Hill, PA, August 1, 2017 – Lee & Associates of Eastern Pennsylvania LLC is pleased to announce the recent addition of Ed Skonecki as a Senior Associate. Located in the firm’s Central Pennsylvania office, Ed will work directly with the principals of the firm on key accounts, while focusing on owner and occupier representation, site selection and acquisition and disposition of industrial and commercial real estate. Prior to joining Lee & Associates of Eastern…
Industry Veteran, Joel Kreider, Joins Lee & Associates of Eastern Pennsylvania as Principal
Camp Hill, Pennsylvania, July 20, 2017 – Lee & Associates of Eastern Pennsylvania is pleased to announce that accomplished industry professional Joel Kreider, SIOR, has joined the firm’s Central Pennsylvania office as a Principal. In this role, Joel will bring his 29 years of experience to bear for the company’s customers, as well as an in-depth knowledge of the Western Pennsylvania Industrial Market. “Joel is a skilled professional with an extensive background and has a…
Cumberland County warehouse redevelopment underway
By Jason Scott, July 12, 2017 at 3:31 PM Demolition and reconstruction work at a former Quaker Oats manufacturing and distribution facility in Hampden Township, which will lead to a smaller modern warehouse on the site, is underway. The property at 485 St. Johns Church Road was purchased by an affiliate of Montgomery County-based Endurance Real Estate Group LLC through a joint venture with CenterSquare Investment Management, an investment manager that is also based in…
Monthly Download | Demand Update | June 2017
Lee & Associates of Eastern Pennsylvania (LAEP), seeks to keep its finger on the pulse of our market by tracking our regional industrial requirements via our Industrial Demand report. As prospective tenants survey the market for their logistical solutions, LAEP diligently evaluates these requirements over the course of each quarter. As we near the end of Q2 2017, we are tracking roughly 94 active requirements for industrial space across the Philadelphia regional market. These requirements…
Lee Follows Up Expansion With Rebrand
Lee & Associates rebrands its logo for the first time in the firm’s 35-year history, along with a new website. Lee & Associates is getting a fresh new look from the first time in its 37-year history. The firm has been in expansion roads for the last several years, and is now following up that growth with a new look. The rebranding also includes updated social media profiles and a web site that will enhance…
Casey Noble Joins Lee & Associates of Eastern Pennsylvania as Senior Associate
Fort Washington, Pennsylvania, April 13, 2017 – Lee & Associates of Eastern Pennsylvania is pleased to announce its recent hire of Casey Noble. Casey joins the team in our Fort Washington office as Senior Associate. Within this role, her focus will be the Lehigh Valley and Suburban Philadelphia Industrial Market. “I have been looking to move into the sales side of commercial real estate and was attracted to Lee & Associates (of Eastern Pennsylvania) because…
Health Care Is Rx For Ailing Retail
Rarely in commercial real estate do the stars align so perfectly as with the heightened appetite for retail space due to the explosive growth of physician groups, urgent care centers and other health services.Amid robust medical spending, health care executives have reached a consensus that it is vital for medical professionals to be closer to their patients, especially the growing number needing services connected with aging.The impact of growth in the industry on existing medical…