Industry News (6)

Well Located Traditional Malls

Well located traditional malls, Class A, continue to thrive with the tried and true retailers around the country (think King of Prussia Mall).  When an anchor tenant falls on hard times in these malls (Sears, JC Penney, Macy’s, etc) the space is backfilled rather quickly with up and coming stores or new restaurants.  The lease rates also continue to hold and slightly increase in these centers as demand continues to be strong. (more…)

2017 brought continued growth and many new clients into our group. Some of our major milestones in 2017 were the sale of the former Paikes Enterprises (Mack Truck) facility at S. 10th St in Allentown for a new recycling and tech facility, the sale of two BB&T buildings totaling 65,470 SF, a 63,459 SF building sold to Lehigh Valley H.M. Holding Company, a 44,700 SF commercial building on 5.58 acres and a 69,676 SF industrial building leased to Smart Warehousing LLC which was co brokered with an SIOR principal industrial Broker of Kessinger Hunter Commercial Real Estate from Kansas City. (more…)

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…)

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