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If you are a commercial property owner that is looking to expand, or just needs capital to invest in your business, a sale-leaseback may be a good option for you. A sale-leaseback is when a property owner, who is also an operator, sells their property but continues to operate it by leasing back the property from the new owner.   The seller is able to pull their money out of the real-estate through the sale,…

Pennsylvania – March 16, 2020 – Lee & Associates announces the promotions of two senior professionals in its Eastern Pennsylvania office. Patrick Lafferty II and Eric Zahniser were each named Vice President moving into 2020. Mr. Lafferty II, is an industrial agent representing tenants and landlords in the greater Philadelphia region with a concentration on the I-95 and I-295 corridors in both Pennsylvania and Southern New Jersey. He is known for providing his clients with…

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…

Keeping up with the latest CRE trends can be daunting while trying to run your own business. We’ve put together a short list of topics trending in the commercial real estate world to keep you current. Continued Growth in E-commerce: In 2018, according to the US Commerce Department, E-commerce sales totaled approximately $517B and accounted for over 14% of all retail sales in the United States. E-commerce sales have grown at an average of 15%…

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…

Northeast winters can be rough on your building’s exterior. Is your property ready the elements of Spring and Summer? • Has your snow contractor damaged curbs or landscaping? Now is a good time to document the damage. • What is the status of your landscaping contract? • Start securing estimates for paving repairs, asphalt sealing, and line striping. • Do you have a service contract on your HVAC units? If not, Spring is a good…

There has been a lot of talk about opportunity zones lately and these headlines are catching the eye of many investors eager to tap into this market. As we continue to hear more and more about these new real estate ventures, we want to ensure you know everything you need to about these opportunity zones so you can make a qualified decision on this type of investment. What are Qualified Opportunity Zones? Qualified Opportunity Zones…

Given the summer we have had this could be a winter for the ages! NOW is the time to take ACTION. • Mid-September — Request Bids from Snow Removal Contractors – Consider a 3-year contract, service levels & pricing are normally better – Cheaper isn’t always better! – Do they have the right equipment to handle your property? – Can they get you open in time to serve your customers? – How will they protect your curbs and…

Buying Leasing + + Equity and Asset Appreciation Potential for Rental Income Control/Ability to Modify the Building Lower Long-Term Operating Costs Collateral for Business Development Reduced Upfront Occupancy Cost Potential to Expand & Contract Simplify Budgeting Opportunity to Finance Improvements in Lease Protect Against Market Value Losses – – Closing Costs on Aquisition & Disposition Capital Improvements (roof, parking lots, etc.) Zero Residual Value at Lease Termination Uncertainty at End of Lease Term   You…