M id A tlantic Real Estate Journal — Fall Preview — September 17 - October 21, 2021 — 11C
www.marej.com
30 th A nniversary
Firm offers multiple services to +/-90 properties, covering 700 commercial tenants in 5 million s/f LMS Commercial Real Estate celebrates its 30th anniversary
he commercial real estate landscape has certainly grown in Central Pennsylvania over the last 30 years. One com- pany that is on the forefront of that growth is Lancaster- based, LMS Commercial Real Estate, celebrating its 30th anniversary in 2021. LMS was founded in 1991 in response to the emerging retail real estate growth pros- pects of Central Pennsylvania, creating a real estate firm capable of offering multiple services under one roof. In 2015 LMS was purchased by brothers Maurice and Lee Zekaria of Paramount Realty Services, located in Lakewood, New Jersey. Over the years, LMS has grown from a small office of five employees to a staff of 23, offering full-service property management, accounting and leasing for nearly 90 proper- ties, covering 800 commercial tenants in 5 million s/f. With the heaviest concentration of properties in the Susque- hanna Valley, LMS manages properties throughout Central and Eastern Pennsylvania, Maryland, Massachusetts, New Jersey and Connecticut. In its 30-year history, LMS has led dozens of ground-up developments and re-use de- velopments, encompassing over 12 million s/f of grocery- anchored centers, convenience stores, drug stores, neighbor- hood shopping centers, outlet centers, power retail centers, professional and medical of- fice buildings and residen- tial apartment communities. Some of the prominent proper- ties developed over the years and still managed by LMS include: Queensgate Towne Center in York, anchored by Weis and Wellspan Health; The Shoppes at Landis Val- ley in Lancaster, anchored by CVS and Turkey Hill, Main Street Shopping Center in Mount Joy, anchored by Giant and South Hanover Shopping Center located in Hanover, anchored by Giant. Whi le the name “LMS” originated from “Leasing, Management & Sales”, today, the company’s services extend to all facets of comprehensive property management re- quired for shopping centers and office building proper- ties. Many of LMS’ talented team of professionals have T
spent multiple decades work- ing in the industry and their expertise includes brokerage, landlord representation, in- vestment sales, acquisitions and dispositions, construction management, capital advisory & finance and strategic prop - erty planning. Having a history of more than 30 years managing com- mercial real estate means the company has weathered three extremely difficult economic periods – the 1990’s recession, the Great Recession and, most recently, the worldwide COV- ID-19 pandemic. One constant
has remained throughout the years, the LMS business mod- el proved successful because the company is multi-faceted, responding to the needs of its clients by providing real estate services for all stages of the life cycle of property ownership. One client’s tes- timonial describes LMS this way, “They treat the property like owners, not managers. As a result, their property management is first-class and proactive, their financial reports, budgets and analysis are amongst the best that I have ever seen.” MAREJ
LMS was founded in 1991 in response to the emerging retail real estate growth prospects of Central Pennsylvania.
120 N. Pointe Boulevard, Ste. 301 Lancaster, PA 17601
717.569.9373 • www .LMS-PMA. coM
“Creating value through experience ”
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U p to 17,005 SF I nlIne S pace & 3,412 SF B ank p ad Limerick, PA 19468
U p to 3,400 SF I nlIne S pace & 2,800 SF B ank p ad Dresher, PA 19382
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U p to 32,200 SF York, PA 17402
U p to 4,500 SF Harrisburg, PA 17110
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