The Most Comprehensive Source for Commercial Real Estate News in the Region 

COLUMBIA, MD — Lee & Associates | Maryland has brokered the sale of a condominium unit within 7120 Minstrel Way in the Columbia area of Howard County, Maryland for $483,000. Bill Harrison, senior vice president and Austin Eber, associate of Lee & Associates | Maryland represented both the seller, Cobalt Real Estate Holdings, LLC and the buyer, Hascon Real Estate Investing in this transaction. 7120 Minstrel Way is a two-story brick and glass building that can accommodate mul

Pennsylvania — Lee & Associates announced the promotions of two senior professionals in its Eastern Pennsylvania office. Patrick Lafferty II and Eric Zahniser were each named VP moving into 2020. 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 PA and Southern NJ. Zahniser’s focus includes landlord and tenant representation, site selection and acquisition as

Locations: Elmwood Park, Edison and Cedar Knolls, NJ 4.23% increase of employees Lee & Associates New Jersey added a third NJ location in Cedar Knolls, NJ effective 1/1/2020. READ MORE #bestof2019 #fastestgrowingfirms #leeassociates

MECHANICSBURG, PA — Lee & Associates, a national full-service commercial real estate brokerage firm, recently announced the addition of two industry veterans to its team of professionals officed in Central Pennsylvania. Gary Nalbandian and Brad Swidler will both serve as principals at the firm. Nalbandian will focus his efforts on retail brokerage sales and leasing, while Swidler will be responsible for commercial retail and industrial sales and leasing, as well as investment

FAIRVIEW AND BERKELEY HEIGHTS, NJ — Josh Krantz, senior VP of commercial brokerage firm Lee & Associates New Jersey, has negotiated 4,150 s/f of retail leases in two separate transactions in Fairview and Berkeley Heights. At the Fair-Ridge Shopping Center, Krantz leased 1,650 s/f of space to wireless carrier Boost Mobile, representing both the landlord and tenant. The shopping center, located at 239 Bergen Blvd., is a prime retail site at a signalized intersection. Anchored

ELMWOOD PARK, NJ — Michael Schaible, senior vice president of commercial brokerage firm Lee & Associates NJ, has completed the sale of a 72,000 s/f industrial office building in Englewood and negotiated two industrial lease transactions totaling 236,000 s/f in Wood-Ridge and Ridgefield. Schaible negotiated a 7-year, 111,000 s/f lease at a brand new, state-of-the-art distribution facility, part of a two building industrial development, located at 4 Bell Dr., Ridgefield. Cush

COLUMBIA, MD — The recent opening of four Lee & Associates full-service commercial real estate brokerage offices in Miami, Florida; Raleigh, North Carolina; and Cincinnati, Ohio leaves Boston and the Washington, D.C./Northern Virginia region as the last remaining major markets on the East Coast of the United States without a Lee & Associates presence. That could change soon, according to Allan Riorda, SIOR, President/Principal, Lee & Associates in Maryland, who indicates the

MECHANICSBURG, PA — Lee & Associates of Eastern Pennsylvania has appointed Bill Shrader as vice president. Shrader brings 20+ years of experience in site selection, evaluation and development to Lee & Associates and their client base. "Bill has a proven track record of success as vice president of Real Estate for Ahold USA and we’re excited he’s joined the team,” said John Van Buskirk, SIOR, principal and broker of record. "His background and experience as a corporate real e

New Jersey — Lee & Associates has announced that Brian Lynch, president of Lee & Associates New Jersey, has been named Chief Strategy Officer in charge of East Coast expansion. “After continued successful U.S. expansion and growth into Canada and Europe, Lee & Associates is committing additional resources to continue expanding our East Coast presence,” said Jeffrey Rinkov, CEO of Lee & Associates. “Brian brings an excellent understanding of the landscape and a keen eye on the

EAST ORANGE, NJ — Lee & Associates of New Jersey recently announced the sale and leaseback of 310 Central Ave. in East Orange. Peter Rasmusson, CCIM of the firm’s Elmwood Park office represented the buyer, Global Medical REIT. The seller of the property, Prospect Medical Holdings, master leased the 68,000 s/f building for an undisclosed term. The sale price was approximately $12 million. “There was a great deal of interest by our investors in this asset,” said Rasmusson. “T

Fort Washington, PA — Lee & Associates of Eastern Pennsylvania LLC announced the recent successful negotiations of four industrial leases. Brian Knowles, CCIM, SIOR and Andrew Komisor represented the tenants in each transaction. The details of all four transactions are as follows: • Supply Technologies renewed its lease for 43,755 s/f at 7520 Morris Court in Allentown, PA. • CURT Manufacturing & EPC renewed for 34,000 s/f & 30,000 s/f respectively, also in the Lehigh Valley

Central Pennsylvania is an integral part of the Philadelphia Region, one of the largest and most active industrial markets in the country. Spanning roughly 5,200 square miles and eight counties, this critical submarket includes a rare combination of rail, road and parcel infrastructure that is uniquely capable of projecting one-day service throughout the Northeast and Mid-Atlantic United States, and practical same-day service into coastal markets from New York to Virginia. Th

FT. WASHINGTON, PA —The Eastern Pennsylvania office of Lee & Associates, one of the largest broker-owned commercial real estate firms in the nation, has opened a Suburban Philadelphia office, located at 540 Pennsylvania Ave., Suite 102, Ft. Washington. “We are excited to expand our footprint in Pennsylvania and this new office will provide us the platform to continue to recruit talented brokers to help build our comprehensive practice throughout the region,” said Brian Know

Boston, MA— Carpe Diem Management, LLC has purchased a single tenant building, occupied by Rite-Aid Pharmacy for $5 million. The building sale, located at 1329 Hyde Park Ave. in Boston, had 13 years remaining on its original 20-year absolute triple net (NNN) lease with Rite-Aid at the time of the sale. “The seller, Hyde Park Realty Trust, chose to sell their property now in order to take advantage of the current seller’s market and to capitalize on the compressing cap rates f

Elmwood Park, NJ — Lee & Associates, New Jersey, one of the state’s premier commercial real estate firms, has completed the sale of an 8-acre property in the heart of the Meadowlands for $3 million to Catalyst Development Partners, LLC. This location is the gateway to the Paterson Plank Redevelopment Zone, an area that has been approved for offices, restaurants, hotels, cultural facilities, and indoor recreation in an area already vibrant transportation and tourist hub near N

NORTH BERGEN, NJ — Lee & Associates, NJ, one of New Jersey's premier commercial real estate firms, has consummated the $1.9 million sale of a 51,500 s/f industrial building on 1.75 acres located at 4001 - 4017 Dell Ave. in North Bergen. The facility, formerly owned and occupied by Lewisohn Sales Company, was purchased by Crowne Architectural Systems. The veteran brokerage team of Lew Solomon & Michael Schaible of Lee & Associates represented both the buyer and seller in the t