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Lee & Associates and Endurance are pleased to announce the signing of a new 137,938 square foot lease at the 485 Distribution Center in Camp Hill, PA .   An affiliate of Endurance Real Estate Group, LLC and CenterSquare Investment Management (“Endurance”) is pleased to announce the signing of a new 137,938 square foot lease at the 485 Distribution Center (“485DC”) in Camp Hill, PA to a major national third-party logistics provider (3PL). Lee &…

Lee & Associates Opens New Office in Miami The Miami office will give Lee & Associates its third office in Florida August 08, 2018 08:30 AM Eastern Daylight Time MIAMI–(BUSINESS WIRE)–Lee & Associates has added Miami to its national office roster, giving the largest broker-owned commercial real estate firm in North America its third office in Florida. The Miami office, which is located at 7925 NW 12th Street in Miami, will be headed by veteran…

Philadelphia Region Construction Design Trends The numbers above are based on buildings 100,000 SF and up. The information contained in this graphic has been obtained from sources deemed reliable, but no warranty is made as to the accuracy thereof. Certain information is forward-looking in nature and represents estimates of development timing and design, all of which are subject to change. All information is submitted subject to error and omission, as well as a change in…

We know leases can be confusing, we’re here to help! Below are 5 things to consider as you approach the expiration of your lease.   Be aware of any and all critical dates – Know the date of your lease expiration as well as the timing of any renewal option and/or notification periods. Don’t wait – Plan to begin the process no less than 9-12 months in advance of your lease expiration date or renewal…

By: Andrew Wagaman Of The Morning Call Twitter @andrewwagaman Real estate investment companies based in Baltimore and Boston are teaming up to build an industrial park along Route 309 just north of Quakertown. A joint venture between MRP Industrial of Baltimore and Cabot Properties of Boston will break ground this summer on two buildings totaling more than 260,000 square feet on West Pumping Station Road in Richland Township, Bucks County. The 23-acre site, called Park 309,…

Thinking about relocating your business? Here are a few things you should consider when selecting a site. Accessibility: “Location, Location, Location” Access roads; Can they support the volume of traffic your business needs or will off-site improvements be required? Also, toll roads can add cost to your employees & freight. Labor: Unemployment is reaching historic lows. That means tight competition, wage pressure and supply constraints. Consider the labor story when choosing your location. Utilities: Are…

SPEC construction continued to trend upward as Q1 2018 exceeded the prior year average by 20%. BTS construction sustained a steady rise as Q1 2018 kept pace with the prior year and exceeded 2016 average by 24%. For more information on the construction in the Philadelphia Region contact us today!

By: Andrew Wagaman Of The Morning Call A Whitehall Township light industrial building across the Lehigh River from Lehigh Valley International Airport has been sold for $11.65 million. 1788 Holdings LLC, a private real estate investment company based in Bethesda, Md., has acquired the Riverside Business Center at 1139 Lehigh Ave., from Cafritz Interests, a real estate development company based in Washington, D.C. The sale closed March 1, according to county records. The 423,900-square-foot property…

By Simon Prichard, Sr. Partner – Gerald Eve in LinkbyLee’s  London Calling While the Brexit shock and political instability have left the United Kingdom’s economy subdued compared to other major countries, the commercial property market has been setting new records. The demands on the nation’s top real estate advisors have increased dramatically. The result has been a boon for Gerald Eve, Lee & Associates’ European strategic ally, which was recently honored as ‘National Advisor of the…