After undergoing major renovations, ‘Westlakes’ is open for business! Take it from us, this one-of-a-kind campus is going to make waves in the suburban market. How do we know that? Because JLL is not just the leasing agent, but a Westlakes tenant ourselves.
The owner, Keystone Property Group, likes to say that… Read More
Everyone is talking about 1601 Market Street. With sleek glass, bright lights, and striking signage, the building’s design captivates you immediately. The boldest statements, however, are made on the inside with aesthetics, amenities, and award-winning features that are not just modern but quintessentially “Philly.”
The U.S. Industrial Outlook offers an in-depth analysis of property fundamentals, indicators and market drivers in the major industrial markets in the United States. The following briefs the latest developments in the Philadelphia market:
Speculative development is on the rise: Construction activity continues to be one of the prime drivers of the Philadelphia industrial market. Availabilities and vacancies are at all-time lows, encouraging speculative construction to address the needs of 30,898,500 square feet of active… Read More
Our Capital Markets Group is pleased to announce on behalf of MCB Real Estate and Alex Brown Realty that it has closed the investment sale of 140 N. MacDade Boulevard in Glenolden, Pennsylvania to Wharton Realty Group. The property, a 108,587 square foot grocery-anchored shopping center, features a newly renovated ShopRite and is at 100% occupancy.
JLL team members Kim Meincke Jacobsen and Lauren Gilchrist have received acclaim from Lehigh Valley Business and Philadelphia Business Journal, respectively, for their professional and civic successes.
Kim Meincke Jacobsen, Managing Director, JLL
Jacobsen, Managing Director, was recognized as a 2016 Woman of Influence by… Read More
Construction activity expected to grow in 2016, but the ascent will be slower.
2015 was a remarkable year for post-recession construction activity. The construction industry took one of the hardest-hits in 2009-2010, and has been slow to bounce back and rebuild their business activity – until 2015.
Office space under construction peaked at 92.8 m.s.f.
Philadelphia was at 3.2 m.s.f. in Q4 2015
Construction costs increased in primary office markets, driven by skyrocketing labor costs that motivated