Category Archives: Industrial

Developers focus on Philadelphia’s prime locations

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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… Read More

The State of Our Market

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Urban Land Institute’s 2016 Emerging Trends in Real Estate Outlook recommends, “Look to key secondary markets.” And many are following this advice.

Statistics to consider:

  • Philadelphia notched $9 billion in office transaction volumes around the region in 2015, up 44 percent year-over-year.
  • Nearly 30 million square feet is currently under development across all asset classes.
  • More than 100,000 millennials have moved to the city since 2006, representing a 6.3 percent increase in share of population
  • Read More

JLL Lands Three Spots in the Mid Atlantic Real Estate Journal’s “Best of 2015”

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The Mid Atlantic Real Estate Journal’s “Best of” highlights the largest developments, major financial transactions, largest office, retail & industrial transactions, as well as the most unusual architectural and construction projects. In addition, the list features the owners, brokers, developers, architects who made it all happen.

JLL is proud to be recognized in the Mid Atlantic Real Estate Journal’s “Best of 2015” in three different categories:

 

TOP BROKERS

James Galbally and Douglas Rodio, Managing Directors,… Read More

A Valuable Real Estate Partner in Philadelphia’s Booming Economy

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It’s an exciting time for Philadelphia, and no firm knows that better than us. 

“There’s a real buzz here,” says Mike McCurdy, managing director of the Philadelphia market. “Cranes are everywhere, and new retailers are coming in. Millennials through Baby Boomers are moving downtown, while key suburban markets remain strong. It’s the best economy I’ve seen in my 30-year real estate career here.”

Why here? Why now?

Philadelphia has historically maintained a fairly stable economy—never… Read More

JLL Announces Sale of Chester Creek Business Center

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100, 120 & 130 Concord Road

100, 120 & 130 Concord Road

On behalf of CSG Partners and The Davis Companies, we are pleased to announce that we have closed the investment sale of Chester Creek Business Center located at 100, 120 & 130 Concord Road in Aston, PA to a client of Bentall Kennedy. The three property portfolio totals 179,182 square… Read More

The Sale of 270 Silver Spring Road in Mechanicsburg

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270 Silver Spring Road

On behalf of DCT Industrial (NYSE: DCT), JLL has closed the sale of 270 Silver Spring Road in Mechanicsburg, Pennsylvania to Cabot Properties. The property, totaling 104,000 square feet, is located in the 27 million square foot Central Philadelphia industrial market, one of the top performing in the United States.

Senior Vice President for JLL Philadelphia, John Plower, told the Central Penn… Read More

515 Zarfoss Drive in York has SOLD!

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On behalf of Endurance Real Estate Group, LLC and Thackeray Partners, JLL’s Philadelphia Capital Markets Group is pleased to announce, on has closed the sale of 515 Zarfoss Drive in York, Pennsylvania to Industrial Property Trust Inc. for $16,500,000. Totaling 312,769 square feet, the Property is located in the 27 million square foot Central Pennsylvania industrial market, which is widely considered one of the top performing in the United States.

“515 Zarfoss… Read More

Categories: Industrial, Industrial Leasing, News and tagged .

JLL Names Paul Pontius, EVP, Industrial Services

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Paul Pontius

Paul Pontius has joined JLL as Executive Vice President of Industrial Services in our Philadelphia’s Mechanicsburg office. In his new role, Pontius will aid a dedicated industrial team and provide a range of services throughout central Pennsylvania including leasing, tenant representation, sales and site selection.

 Prior to joining JLL, Pontius spent 18 years working with… Read More

Categories: Industrial, News, Office and tagged .

Flurry of industrial construction underway in summer 2015

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The growth of the industrial construction has been primarily fueled by a need to supply a strengthening Philadelphia economy. There are currently 39 active industrial construction projects in the Greater Philadelphia market, totally 16.4 million square feet. Southern New Jersey has been a large increase in construction, totally 5.4 million square feet underway and posting its highest construction levels on record.

Flurry of industrial construction underway inRead More

Categories: Industrial, News and tagged , .