Pennsylvania, January 6, 2022 – Lee & Associates of Eastern Pennsylvania LLC announced today that Matthew Allen, JD has joined the firm. Mr. Allen’s transactional focus will include investment sales, and the acquisition and disposition of multi-family, office, and mixed-use properties. Matt joins the Lee team with a substantial investment background, including over 22 years of experience as an Executive Director at Morgan Stanley. His responsibilities there included the review, analysis, coordination and consummation of…
Capital Markets Group from Lee & Associates of Eastern Pennsylvania Brokers Sale of Philadelphia Amazon Facility.
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…
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 Brokers 59,300 Square Foot Lease with DB US Logistics in Pennsville, NJ
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…
Lee & Associates of Eastern Pennsylvania Arranges $18.0 Million Sale of a 101,450 SF Class A Office Building in Newtown, PA
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,…
Lee & Associates of Eastern Pennsylvania Named Exclusive Brokerage Firm to Oversee Sale of 3001 Gettysburg Road
Two-story building in Camp Hill, PA contains more than 10,000 square feet of space Lee & Associates of Eastern Pennsylvania has been named the exclusive brokerage firm to oversee the sale of 3001 Gettysburg Road, a two-story office building containing 10,367 square feet of commercial office space. Situated on 1.49 acres, the all-brick exterior building is located in the Camp Hill and Lower Allen Township areas of Cumberland County, Pennsylvania. Bradley Swidler, Principal for Lee & Associates of Eastern Pennsylvania…