Click Here to View the Award Release on GlobeSt Lee & Associates’ Craig Viergever has been selected as an honoree in the GlobeSt.com/Real Estate Forum Magazine 2020 edition of Industrial Influencers. Even during a pandemic the industrial asset class continues to fare well. It would seem, to the uninitiated, that navigating this space was an easy task with every market and industry asset type ripe with opportunity. While fundamentals are robust for the industrial category, spotting…
Lee Maryland & Lee Eastern PA Represent STAG Industrial in a Full-Building, 1M SF Industrial Building in Hampstead, MD
Click Here to Read the full Article on Commercial Observer STAG Industrial has signed a global book publisher to a full-building, 1 million-square-foot lease at 630 Hanover Pike, an industrial building in Hampstead, MD, according to Lee & Associates Maryland, which represented the tenant in the deal. The five-and-a-half-year lease began in August and includes three months of free rent. The rental price was not disclosed and the owners declined to name the book publisher. “Formerly occupied…
Lee Atlanta Represent Comptree in a 262K SF Industrial Lease in Lithia Springs, GA
Click Here to Read the full Article on Connect Media Lee & Associates Atlanta office has secured a 262,530-square-foot industrial lease at Factory Shoals Distribution Center II in Lithia Springs. Billy Snowden, Rick Tumlin and Mike Sutter of Lee & Associates represented the tenant, Comptree Inc., in securing the lease at the industrial facility, which is located at 965 Douglas Hill Road. The facility is a recently delivered, modern distribution center in Atlanta’s I-20 West…
Lee Illinois Brokers for 325K SF Scannell Industrial Building in Elgin, IL
Click Here to Read the full Article on RE Journals Meridian Design Build recently completed construction on two speculative industrial buildings for Scannell Properties at 2451 Bath Road and 1755 Britannia Drive in Elgin, Illinois. The projects are located within Elgin’s west side industrial corridor, less than a mile from the four-way interchange at I-90 and Randall Road. The 36-foot clear, 325,020-square-foot building on Bath Road includes four drive-in doors, 367 auto parking spaces and 56 trailer parking…
Last-Mile Access to Customers Drives Distribution Center Conversions
August 20, 2019 (NEW YORK, NY) – E-commerce has been driving demand for industrial real estate for several years, but steadily increasing online sales coupled with growing consumer expectations for speedier delivery continues to put pressure on merchants to bridge the last mile to their customers. Considering that these projects are located in densely populated areas where land and available product are typically scarce, developers are increasingly converting obsolete warehouse and other properties into fulfillment centers….
GlobeSt.com Names Two Lee Principal’s as Women of Influence
GlobeSt.com has released their annual Women of Influence issue. This is the 26th year that they have covered the achievements of women in commercial real estate. Included are accounts of developments and deals and huge client wins as there are every year. In recent years, including this one, a change is in the air. The deals are getting bigger, the wins more numerous. Indeed, the number of women being recognized for their accomplishments is growing larger by the…