Transactions

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,…

Portfolio consists of 12 industrial/flex buildings in Langhorne and Trevose Mechanicsburg, PA (August 18, 2020) – The asset management division of Lee & Associates of Eastern Pennsylvania has been selected to provide full-service property management and asset services to a 12-building portfolio consisting of more than 600,000 square feet of industrial/flex space. Owned by The Arden Group, the collection of buildings is situated in Langhorne and Trevose, Pennsylvania, two sub-markets located northeast of the Philadelphia…

Exceptional Location & Development Potential Attracted Wide Market Interest FLORENCE TOWNSHIP, NJ, May 12, 2020 – Lee & Associates of Eastern Pennsylvania’s Capital Markets team orchestrated the $14.75 million sale of a 30.8-acre site located on Railroad Avenue in Florence Township, Burlington County, NJ. Black Creek Group purchased the land, which consisted of two (2) separate parcels, from Foxdale Properties. At the time of sale, the site was fully approved for the construction of a…

TRANSACTION UPDATE Lee & Associates agents, Brian Knowles, SIOR, CCIM and Eric Zahniser represented Executive Personal Computers, Inc. in the relocation of their remarketing, recycling and disposal facility. The IT asset handling company will occupy their new 85,600 square-foot space at 2980 Avenue B, in Bethlehem, Pennsylvania in the fall. Brian Knowles, of Lee & Associates inks his third lease renewal at Riverside Business Center in Whitehall, Pennsylvania in the past thirty days. “Riverside Business…

TRANSACTION UPDATE Lee & Associates of Eastern Pennsylvania agents, Brian Knowles, SIOR, CCIM and Eric Zahniser represented Joshen Paper & Packaging in the lease of an approximately 25,202-square-foot industrial property in Wind Gap, Pennsylvania. The landlord was represented by NAISummit. Brian Knowles, of Lee & Associates, brokered two lease renewals at Riverside Business Center in Whitehall, Pennsylvania. The leases totaling 74,449-square-feet will keep Riverside Business Center fully leased. For more information, please contact Megan Murray…

TRANSACTION UPDATE Lee & Associates of Eastern Pennsylvania represented Matrix Development Group in the lease of their 1.2MM square-foot building at 4532 United Drive, Shippensburg, PA. John Van Buskirk, SIOR, Joel Kreider, SIOR and Ed Skonecki brokered the deal with tenant rep., JLL to bring the tenant into the full building lease. Brian Knowles, SIOR, CCIM, of Lee & Associates of Eastern Pennsylvania represented both the landlord and tenant in the pre-lease of 2505 Hollo…

MARCH 12, 2019 | ALDEN DYSON, CoStar Lulus Signs Large Industrial Lease in Palmer Township, Pennsylvania Online Retailer Takes New Class A Warehouse Online retailer Lulus Fashion Lounge leased The Carson Companies’ 258,232-square-foot industrial building in Palmer Township, Pennsylvania. The single-story structure at 2505 Hollo Road comprises 41 loading docks, two drive-in bays and 36-foot clear ceiling height. Developed by the owner in 2019, the Class A facility is less than 12 miles from Lehigh…

Lee & Associates of Eastern Pennsylvania Completes Full Lease-up of 485DC the latest Central PA Industrial Redevelopment Project. Mechanicsburg, PA – Lee & Associates of Eastern Pennsylvania, announced today that it has completed the full lease-up of the 456,800 square foot industrial redevelopment project located in Shiremanstown, PA. The former Quaker Oats production facility, now known as 485DC, has been transformed to house manufacturing and distribution tenants. An international manufacturing firm will warehouse light product in the…

TRANSACTION UPDATE Lee & Associates of Eastern Pennsylvania Principal, Joel Kreider, SIOR, represented Sunbelt Rentals, Inc. in their 9,000 square foot build-to-suit lease in Neville Township, PA.  Sunbelt is one of the largest equipment rental companies in North America with over 800 locations. Their newest location will serve the greater Pittsburgh area. For more information, please contact Megan Murray at 717.208.8675, email mmurray@lee-associates.com or visit the Lee & Associates of Eastern Pennsylvania website at www.lee-associates.com/pennsylvania.   ##…