M id A tlantic Real Estate Journal — Pennsylvania — September 11 - 24, 2020 — 17B
ECHANICSBURG, PA —The asset man- agement division of Portfolio consists of 12 industrial/flex buildings in Langhorne and Trevose Lee & Associates of Eastern PA wins asset management contract for 600,000 s/f portfolio M
Lee & Associates provides strategic insight and transac- tional advisory services for both tenant and agency clients with a focus on industrial assets. Lee has been involved in lease or sale transactions totaling more than 10 million s/f and in excess of 1,100 acres of land. Lee spe- cializes in the underwriting and analysis of development sites and assets on behalf of clients. He has structured building sale, development site sale, ten- ant & agency representation, build-to-suit, redevelopment, and expansion & consolidation transactions throughout his career. MAREJ
procedures that realize opera- tional efficiencies.” “We have a tremendous amount of confidence in the professionals at Lee & Associ- ates to elevate the operational performance of this portfolio, given their track record of suc- cess and proven asset manage- ment protocols,” said Patrick Jennings , managing director, investments & asset manage- ment for The Arden Group. Lee &Associates of Eastern Pennsylvania is an affiliate of Lee & Associates, the largest broker-owned firm in North America with offices inter- nationally.
new restaurants, new apart- ments, new businesses coming into our township;…just some great success stories for our community. Private investment and redevelopment projects of more than $250 million are completed or in development. Horsham Township remains a community uniquely con- nected to its’ business parks and its’ business community. Horsham Township means business (and we’re just get- ting started)! MAREJ Class A office building at 100 Witmer Road. continued from page 15B Horsham Twp., PA “Lee & Associates is extreme- ly familiar with this portfolio based on our leasing oversight, and we plan to take a synergis- tic approach to the asset man- agement activities by leverag- ing our strong relationships with the existing tenant base,” said Bruce Gordon of Lee & Associates. “The portfolio’s physical plant is in excellent shape, but we believe our team can build additional value by implementing new policies and Lee & Associates of Eastern Pennsylvania has been selected to provide full-service property management and asset services to a 12-building portfolio con- sisting of more than 600,000 s/f of industrial/flex space. Owned by The Arden Group , the col- lection of buildings is situated in Langhorne and Trevose, PA, two sub-markets located north- east of the Philadelphia metro- politan region. Bruce Gordon , principal; Michael Kelly , principal and Jessica Lynch , property administrator will direct the asset management activities for this assignment. Nine of the buildings are situ- ated on Cabot Blvd., Wheeler Court and Wheeler Way in Langhorne and three of the assets are located on Somerton Rd. and Metropolitan Drive in Trevose. Cumulatively, the single-story portfolio is 80% occupied, with all leasing ac- tivities handled by Patrick Lafferty , vice president, with Lee & Associates of Eastern Pennsylvania.
Real Estate Environmental Assessments ¾ Phase I/II Site Assessments ¾ Soil and Groundwater Investigation ¾ Remediation Services ¾ Wetland Delineation and Mitigation Brownfields Redevelopment Services ¾ Voluntary Cleanup Program Assistance ¾ PA Act 2, NJ ISRA, EPA Superfund ¾ Remedial Investigations ¾ Design and Construction ¾ Storage Tank Removals ¾ Clean Fill Environmental Engineering ¾ Landfill Design and Closure ¾ Water and Wastewater Engineering ¾ Soil and Erosion Control Plans ¾ Litigation Support/Expert Testimony Indoor Air Quality ¾ Asbestos Surveys, Management, and Abatement ¾ Lead Based Paint Management ¾ Mold Surveys and Remediation Stormwater Services ¾ Best Management Practices ¾ Problem Investigations/Evaluations ¾ Expert Services
TK Budd Facility Redevelopment Revitalization Call Us When You Need US Gary Brown, L.S.R.P, P.E. 800-725-0593 Walter Hungarter, P.E. 610-265-1510 Justin Lauterbach, Q.E.P. 724-288-4895 Chris Ward, L.S.R.P 856-467-2276 TK Bu d Fac lity Redevelopment Revitalization all s h Gary Brown, L.S.R.P, P.E. 800-725-0593 Walter Hungarter, P.E. 610-265- 510 Justin Lauterbach, Q.E.P. 724-288-4895 Chris Wa d, L.S.R.P 856-467-2276 RTENV@RTENV.COM Call Us When You Need Us! 856-467-2276 Gary Brown, L.S.R.P. Chris Ward, L.S.R.P. Glenn Graham, P.G. RTENV@RTENV.COM
FAST TURNAROUND TRANSACTION DUE DILIGENCE Water > Wastewater > Cleanups > Utilities > Permits > Marcellus Shale
Corporate Office 215 W. Church Road King of Prussia, PA 19406 Phone: (610) 265-1510 Fax: (610) 265-0687 Corporate Office 215 W. Church Road King of Prussia, PA 19406 Phone: (610) 2 5-1510 Fax: (610) 265- 687
SW Pennsylvania Office 591 E. Maiden Street Washington, PA 15301 Phone: 724-206-0348 Fax: 724-206-0380 Western PA Office 2001 Waterdam Drive, Suite 205 Canonsburg, PA 15317 Phone: 724-206-03 Fax: 724-206-038
New Jersey Office Pureland Complex, Suite 306 510 Heron Dr., PO Box 521 Bridgeport, NJ 08014 Phone: (856) 467-2276 Fax: (856) 467-3476 New Jersey Office Pureland Complex, Suite 306 51 eron Dr., PO Box 521 ridgeport, NJ 8014 ne: (856) 467-2276 Fax: (8 ) 467-3476
Made with FlippingBook - professional solution for displaying marketing and sales documents online