PennCap Properties was formed in May 2011 to own and operate 32 buildings purchased from Liberty Property Trust, representing one of the largest real estate transactions ever to occur in the Lehigh Valley. The PennCap Properties portfolio offers potential and existing clients the largest selection of office buildings and industrial flex properties in the Lehigh Valley region, consisting of 13 commercial office properties and 18 industrial flex properties totaling 1.43 million square feet. Currently, the portfolio is comprised of over 100 tenants representing a diverse cross-section of industries such as education, healthcare, business services, and logistics. A key objective of PennCap Properties is to continue to “brand” the portfolio ownership to maintain the company’s dominate position in the local market, while concentrating on economies of scale and micromanagement of vendor contracts and building systems. The current team consists of 16 people based in the company’s downtown Bethlehem headquarters, with property management team services outsourced from Newmark Grubb Knight Frank and leasing, construction management, marketing, and asset management outsourced to ALT Realty which is wholly owned by Lisa and Lou Pektor.