For the second year in a row, McGowan will moderate a panel on September 23, 2014 at the Maritime Parc in Jersey City, NJ. The title of the panel will be:
Pennsylvania’s Red-Hot Lehigh Valley and the Shift West: Will Lower Costs of Construction, Operations and Tax Incentives Continue to Spark Industrial Development in the Lehigh Valley and other Pennsylvania Regions?
Industrial is the darling asset type of the real estate market due to strong user demand and a robust supply of equity and debt capital for projects. Users are taking advantage of the market opportunity to derive a greater percentages of sales via e-commerce and manufacturers are moving more functions closer to home in the United States. Enabling this market is a voracious drive by the investment community to find yield and a great target is the single tenant net leased asset created by a long term credit tenant. In addition, the macro environment is changing with the widening of the Panama Canal and shippers have more choice on locations. All of this boils into a very dynamic national industrial market as changing uses, capital, and competition among the ports is creating waves of opportunity and change. Join us on September 23 to learn more.