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Gearing up for the holiday season? Wondering when those packages are going to arrive? Planning to get all of your shipments out on time? We are here to help you with an overview of the roadwork affecting your region! Lehigh Valley Great news! The work on I-78 that has been slowing down your trucks between Berks and Northampton Counties will be placed on hold for the holiday season and resume in Spring 2018. When the…

Two down, one to go. That’s the situation for Duke Realty Corp., the Indianapolis industrial developer that recently completed and leased its second warehouse in Palmer Township and has now started construction on its third planned building near Route 33. But it remains unclear who is leasing Duke Realty’s second warehouse, a 628,475-square-foot structure at 1611 Van Buren Road within the developer’s 33 Logistics Park complex. In a news release Tuesday, Duke Realty described the…

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…

The Philadelphia Market continued to grow in Q2 2017. Another 4 million SF was delivered to our Core Data Set (CDS), which now boasts over 425 million SF of industrial space across Eastern PA, Southern New Jersey, and Delaware. Our CDS focuses on industrial properties, 100,000 SF or larger, with a current design or adaptability to warehouse and distribution. Construction activity picked up in Q2. 5.8 million SF of speculative construction began in Q2, of…

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…

Q1 2017 ended with nearly 13 million square feet under construction. Lehigh Valley remained a leader in driving construction activity, leading the market in both the number of projects and total square footage. With 4.5 million square feet being constructed in seven on-going projects, six which are speculative starts, this spec construction activity will help refuel the submarket inventory that experienced a record breaking 2016. The first of these new deliveries are scheduled for the…

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…

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…

 The movement of consumer goods, food, and freight is the pulse of an industrial market that boasts over 1 billion square feet of industrial space. The Philadelphia industrial market is recognized as one of the largest hubs of logistical real estate in the country. The existing transportation infrastructure of eight interstate highways, eight railroad terminals, four equipment depots and two ocean ports in combination with its geographical position connects this market to the broader Northeast…