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“lms commercial Real Estate was founded by necessity,” said Joseph In the early 1990s, Central Pennsylvania was emerging as a retail hub, and with that came a growing demand for retail real estate. But in order for national retailers to successfully establish themselves in the area, they needed more than purely a brokerage agency; they needed a multi-faceted real estate firm that offered all services under one roof. At the time, Deerin worked in local real estate and knew firsthand that the region lacked this type of real estate firm. So he took it as an opportunity to leverage his industry relationships and professional expertise, and filled that need by creating his own company in 1991: LMS Commercial Real Estate. While the name “LMS” originated from “leasing, management and sales,” today its umbrella goes beyond those services to include development, acquisition, construction, consulting and advisement for commercial properties spanning Pennsylvania, Maryland, Delaware, New Jersey, Ohio, Tennessee and Florida. Along with Property Management Alternatives Inc., a sister company that focuses on property and asset management, LMS leases and manages more than 6.5 million square feet of commercial property and has developed 12 million-plus square feet of grocery stores, convenience stores, drug stores, shopping centers, outlet centers, power centers, office buildings and residential apartment communities. “We are problem solvers, and we do it really well. But we don’t do it alone. We have great relationships that deserve our thanks, “said Deerin, referring to the company’s strategic relationship with Blackford Development, as well as with employees, vendors, tenants, lenders, consultants, brokers and community leaders. Surviving 20 years means LMS has weathered two extremely difficult economic periods — the recession of the 1990s and the most recent financial crisis. During the latest recession, the LMS business model proved true by not only sustaining the impact of the downturn but also by growing despite it, hiring staff and interns to help along the way. During the past two years, LMS led several developments and redevelopments, including South Hanover Shopping Center in Hanover, anchored by GIANT Food Stores; Queensgate Towne Center in York, anchored by Weis Markets, Bon-Ton and Frank Theatres; The Shoppes at Landis Valley in Lancaster, anchored by GIANT-To-Go, CVS Pharmacy and Susquehanna Bank; Main Street Center in Mount Joy, anchored by GIANT Food Stores; and three medical office buildings in Lancaster County. With beginnings as a family business, LMS still operates with a family-oriented atmosphere. At the end of the day, success is not only about having the right business model but also about having the right people and empowering them with the right resources. Siblings and co-owners Joseph R. Deerin and Donna Deerin Ward facilitate that environment, staying fully engaged in the marketplace at all times. |
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“It has been a true joy and pleasure for me to do business with such an exceptional family and such a fine company for more than 20 years.” Richard Welkowitz Founder/Owner/President, Blackford Development Ltd. “With LMS as a partner, you can have the confidence that your project is in good hands.” Bill Shrader Vice President - Real Estate Ahold USA, Proud Parent of Giant Food Stores, LLC “They also have long term relationships in the market going back two generations.” Mitch Goldenberg Vice President, Glenville Group, Inc. “LMS/PMA was instrumental in finding and developing the ideal site for our current and future business needs.” Robert Simons and Jeff Horst Reinsel Kuntz Lesher, LLP
LMS approaches each project with a clear vision and an unwavering commitment towards its successful completion. Charles Courtney Member, McNees, Wallace & Nurick, LLC |
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