Mechanicsburg, PA — July 2025 – Lee & Associates is pleased to announce the successful execution of a long-term lease agreement for ModCorr, LLC within the PNK Park Allenwood at Great Stream Commons (89 Enterprise Blvd, Allenwood, PA). This tenant rep transaction, with Lee & Associates’ Principals Joel Kreider, SIOR, and Ed Skonecki, marks a significant expansion for ModCorr, providing 252,282 square feet of industrial space strategically positioned off Interstate 80 in Allenwood, PA. The…
Lee & Associates of Eastern Pennsylvania releases Q2 2025 Industrial Market Report for the North Central Pennsylvania market.
Strategic Investments Bring Jobs and Industrial Momentum to North Central PA Industrial Market Mechanicsburg, PA — July 2025 — North Central Pennsylvania’s industrial market continues steady, measured growth as new targeted investments bring employment and stability to this smaller, strategically located industrial corridor. Lee & Associates’ Q2 2025 Industrial Intel report shows overall industrial vacancy steady at 5.43% across 292 buildings totaling 52.4 million square feet, reflecting the deliberate pace of the region. Recent developments…
Lee & Associates of Eastern Pennsylvania releases Q2 2025 Industrial Market Report – Leasing Surge Drive Vacancy Lower in Easter Pennsylvania’s Industrial Market
Mechanicsburg, PA — July 2025 — Vacancy in Eastern Pennsylvania’s industrial market held steady at 9.5% in the second quarter of 2025, according to Lee & Associates of Eastern Pennsylvania’s Q2 Industrial Intel report. Strong leasing activity across the region was the key factor stabilizing vacancy, with more than 9 million square feet of new leases signed. Leasing was particularly robust in Southern New Jersey (3 MSF), Central Pennsylvania (2 MSF), and Northeast Pennsylvania (1.5…
Q1 2025 Report Highlights Market Rebalancing as Developers Pull Back, Tenant Demand Evolves, and Long-Term Fundamentals Hold Firm
Mechanicsburg, PA — April 2025 — Lee & Associates of Eastern Pennsylvania has released its Q1 2025 Industrial Intel report, offering a data-driven snapshot of an industrial market in transition. Following an extended period of rapid expansion, the region has clearly entered the hyper-supply phase of the real estate cycle. Total square footage under construction dropped below 16 million square feet this quarter—down 46% from the same time last year, and a steep fall from…
Lee & Associates Partners with Carson Companies to Complete Phase II of Carson33 Project in Lehigh Valley
Plymouth Meeting, PA – February 2025 – Lee & Associates, a leading commercial real estate firm in Eastern Pennsylvania, is proud to announce the successful progression of Phase II of the Carson33 project in collaboration with Carson Companies. This milestone marks the ongoing partnership between Lee & Associates and Carson Companies as they continue to deliver exceptional industrial real estate opportunities in the Lehigh Valley. The Carson33 project is located on Route 33 in Palmer…
American Overhead Door & Dock Finds the Perfect Home at 632 Grammes Lane, Allentown PA
Plymouth Meeting, PA – January 2025 – Activity continues in the Lehigh Valley industrial market. American Overhead Door & Dock LLC has found its new home at 632 Grammes Lane in Allentown, PA. This 14,750-square-foot industrial suite, visible from Route 78, offers unmatched accessibility for the company to expand and better serve its growing customer base. Matt Macdonald and Jimmy Franchetti represented the landlord to establish occupancy on December 1st, 2024. “This location is strategic…
Greater Philadelphia Region Industrial Market Faces Oversupply Challenges Amid Continued Development
Mechanicsburg, PA – January 2025 – Lee & Associates of Eastern Pennsylvania has released its Q4 2024 Industrial Intel report, highlighting the dynamics shaping the Greater Philadelphia Region logistics real estate market, which includes Central Pennsylvania, Lehigh Valley, Northeast Pennsylvania, Metro Philadelphia, Southern New Jersey, and Delaware. While the region continues to deliver new opportunities for tenants, increasing vacancy rates and an influx of speculative (SPEC) developments are exerting pressure on the market. When compared…
PNK Holdings, LLC Acquires Industrial Site in Hammonton, NJ for $8.2 Million
Plymouth Meeting, PA – January 8, 2025 – The NJ-73 corridor is set to welcome a new industrial development with the recent acquisition of a fully entitled 25-acre land site at 7 Waterford Road. PNK Holdings, LLC acquired the site from Quad Partners, LLC in a $8.2 million transaction that closed on December 3, 2024. This development is designed to support warehouse distribution and light manufacturing with the sale marking a significant milestone for the…
Lee & Associates of Eastern Pennsylvania Announces Q3 2024 Industrial Market Report Findings
Philadelphia, PA — November 7, 2024 — Lee & Associates of Eastern Pennsylvania has released its Q3 2024 Industrial Market Report, highlighting robust activity and notable trends across key submarkets in Eastern Pennsylvania. The region continues to demonstrate resilience with steady leasing activity, increased construction deliveries, and a balanced development pipeline. Key Highlights from Q3 2024: Declining Vacancy Rates Driven by Class A and B Leasing The Philadelphia region saw a 23-basis point drop in…