8C — August 17 - 30, 2012 — Pennsylvania — Mid Atlantic Real Estate Journal
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P ennsylvania ’ s e lite C omPanies
Company Name: PennCap Properties Type of Firm & Overview of Company: PennCap Properties serves the commercial real estate needs of businesses as the leading owner and operator of class “A” office and flex properties in the Lehigh Valley.
Company Name: LMS Commercial Real Estate Type of Firm & Overview of Company: LMS-PMA is a full-service commercial
real estate firm that assists landlords, tenants, buyers, sellers, developers, investors and business owners by creating, maximizing and sustaining value for their real estate assets and overall business models. Since our founding in 1991 by Joseph W. Deerin, our proven results, guided by trust, experience, expertise, reliability and relationships, have created an unprecedented reputation in the marketplace which we have sustained for over 20 years. Mission Statement: Our mission is to use our knowledge and experience to create superior value and results for our clients that benefit our partners, suppliers, employees and owners. Headquarters: 120 North Pointe Boulevard, Lancaster, PA Additional locations: 1200 Greensprings Drive, York, PA No. of employees: 42 employees Services and or Products offered: LMS Commercial Real Estate is a full service firm offering services ranging from leasing, management and sales to construction, development and acquisition. Additionally, LMS offers a comprehensive set of brokerage services including tenant and landlord representation, investment sales, market studies, site selection, consulting and advisement. What is your Vision and Strategy in the next year: 2013 is poised to be an exciting year for commercial real estate as unprecedented both micro and macroeconomic forces cascade over the marketplace. At LMS, we will lead the industry in comprehensive analysis and take value by creating action to provide our clients with powerful wealth creating solutions and guidance. What projects are you involved in currently: Neighborhood retail and office development: Keystone Arms Center, Carlisle, PA; Millersville Commons, Millersville, PA; 1611 Oregon Pike, Lancaster, PA; Valley Plaza, Lewistown, PA. Regional mix-use development: North Cornwall Commons, Lebanon, PA. Transit-Oriented Development: 30 Keller Avenue, Lancaster, PA.
As a full service real estate company, PennCap services include commercial leasing, property management, and commercial property development. The portfolio consist of over 1.4 million s/f of Class “A” office and flex/industrial property throughout the Lehigh Valley. PennCap is committed to providing the highest level of professional service by utilizing their highly dedicated Lehigh Valley based maintenance staff, management team, and leasing and development professionals. Mission Statement: PennCap Properties provides exceptional commercial real estate solutions and services for businesses who demand more from their space. Headquarters: 559 Main Street, Suite 300, Bethlehem, PA 18018 Additional locations: 410 Park Ave. 14th Floor, New York, NY 1002 No. of employees: 15 employees What is your Vision and Strategy in the next year: The ongoing focus of the company is to increase occupancy while decreasing operating expenses. PennCap Properties is implementing an innovative repair and maintenance program that focuses on the highly trained and accredited skill set of its service engineers. The new program is designed to increase responsiveness to tenant queries building announce- ments through the use of Angus software system, the tracking of work orders, and aids in preventative maintenance measures. The repair and maintenance program implemented in January is expected to reducing operating expenses by approximately $135,000 per year and capital expenditures by nearly $3 million over a 5 year timeline. What projects are you involved in currently: PennCap Properties has recently partnered with Habitat for Humanity to plan and execute their local ReStore project. The ReStore will sell reusable household appliances and surplus building materials to customers such as first time home buyers, interior decorators, and students. The proceeds from the sales will aid in funding Habitat for Humanity home constructions. Through this partnership, PennCap Properties strives to achieve excellence not only in the commercial real estate industry, but also as a steward of the community. PennCap Properties is also focusing to continue with opportunistic acquisitions in the Lehigh Valley market place. The company’s newest addition to the portfolio is 1480 Valley Center parkway, a 51,000 s/f office building. Penncap Properties currently owns 11 buildings in the Lehigh Valley Corporate park, centrally located off of the Schoenersville Road exit of Route 22. In addition, PennCap will be working on expanding the holdings in the Stabler Corporate Center by acquiring a parcel with plans to construct a new 64,000 s/f Class A office building.
c ommErcial r Eal E statE
c ommErcial r Eal E statE
Creating Value
Through Experience
Leasing Management Sales Development Construction Acquisition
Ask for Joe Deerin or Donna DeerinWard!
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Exceptional commercial real estate solutions and services for businesses who demand more from their space.
(717) 569.9373
120 North Pointe Blvd Suite 301 Lancaster, PA 17601
559 Main Street, Suite 300 Bethlehem, PA 18018 Phone: 610•332•1100 Fax: 610•332•1111 www.penncapproperties.com
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