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November, 2017—WASHINGTON, DC— Del C. Markward, SIOR, President and CEO of the Markward Group in Allentown, PA, recently took office as President of the Society of Industrial and Office Realtors ® (SIOR) and Chair of SIOR’s Board of Directors. He was installed as President during the October 25-28 SIOR Fall World Conference in Chicago, Illinois. (more…)

PMKC Storage purchases 4.42 acre lot in Easton

Mike Capobianco, SIOR of Markward Group is pleased to announce the recent sale of a 4.42 acre vacant lot located at Hilton and Holly Street, in Williams Township, Easton, PA. The parcel, located immediately off I-78’s first exit next to the NJ-PA State boundary, sold for $635,000. (more…)

Smart Warehousing leases a 69,676 SF Industrial Building

Del Markward, SIOR President of Markward Group is pleased to announce the recent lease of a 69,676 SF industrial building, located at 7566 Morris Court, in Allentown to Smart Warehousing, LLC. Smart Warehousing owns and operates facilities throughout the U.S & Canada and offer supply chain services to help clients meet their fulfillment needs.

Amy Hawley, SIOR– Associate Broker of Markward Group worked in conjunction with Pat McGannon, SIOR, President, and Principal Industrial Broker of Kessinger Hunter Commercial Real Estate from Kansas City Missouri to finalize the lease.

Plantique Real Estate, LLC Sells Industrial Building

632 Grammes Road, Allentown, PA, Lehigh County

Markward Group is pleased to announce the recent sale of a 23,329 SF Industrial Building on 9.86 acres located at 632 Grammes Road, in Allentown. The building is situated with convenient access to I-78 and route 22 with great visibility and is 100% leased. (more…)

Former National Penn Bank Branch Sold

76 South Main Street, Nazareth, PA 18064, Northampton County

Nazareth, Pennsylvania – May 9, 2017 – Del Markward, SIOR President of Markward Group is pleased to announce the recent sale of a 18,400 SF Office Building on 0.52 acres located at 76 South Main Street, in downtown Nazareth. (more…)

Class ‘A’ Office Building – Sold

236 Brodhead Road, Bethlehem, PA 18017, Northampton County

Bethlehem, Pennsylvania – May 9, 2017 – Del Markward, SIOR President of Markward Group is pleased to announce the recent sale of a 47,070 SF Office Building on 4.13 acres located at 236 Brodhead Road, Bethlehem. (more…)

Holdover Tenants: What are the Property Owner’s Rights?

With current vacancy rates for commercial and industrial properties being at an all-time low, the incidence of holdover tenants occupying their units beyond the contractual expiration date of their lease is much more prevalent.  Institutional landlords (REITS) already have provisions in their leases that address this issue. However, private landlords are often unprepared for dealing with tenants who stay beyond their lease expiration date.

(more…)

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