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For the first time in years, the office market has headline numbers that genuinely look better. The U.S. posted a modest annual net absorption gain in 2025, the first since 2019. Leasing picked up. Activity in top-tier buildings improved in several major markets.

But the rebound is narrower than it looks. The better question is not whether office is “back” or still “broken,” but where it is actually healing, why there, and why so much of the market is not participating. The answer lies in four forces: a widening split between high-quality and lower-quality buildings, uneven office-using employment growth, differences in workplace strategy, and a supply environment far more constrained than in past cycles.

REBOUND IS SHOWING UP, BUT ONLY IN CERTAIN MARKETSManhattan is the clearest example of a defensible rebound. Leasing reached nearly 42 million square feet in 2025, including 10 million square feet in the fourth quarter alone. Availability fell to 13.9%, its lowest level in five years, with major firms including Bloomberg, Moody’s, Millennium Management, and Ropes & Gray either renewing or expanding. In a market with deep finance-sector demand, rising attendance, and a limited pool of best-in-class space, office demand has reasserted itself in a meaningful way.

Houston also looks materially better than a year ago. The market posted 2.44 million square feet of 12-month net absorption, reversing 2024 losses, while vacancy eased from its recent peak. Phoenix logged more than 816,000 square feet of annual absorption, with both vacancy and sublease space moving down. Nashville turned positive again as office-using employment improved, making it one of only a handful of major metros with year-over-year growth in office-heavy jobs. Dallas–Fort Worth combines stronger utilization with one of the better effective-rent recovery stories among major office markets.

These are markets where tenant demand, building quality, local economic mix, and supply discipline are lining up in ways that create visible traction rather than interchangeable success stories or a broad sector rebound.

QUALITY IS DOING MOST OF THE WORKThe current rebound is quality-led, first and foremost.

Nationally, Class A space absorbed a net 17.74 million square feet in the second half of 2025, while Class B finished the year 10.6 million square feet in the red. Many occupiers are no longer looking for more office; they are looking for better office. After years of hybrid experimentation, footprint reduction, and capital restraint, tenants still seeking physical space are making sharper decisions about what that space needs to do—better locations, stronger amenities, more efficient layouts, upgraded systems, and a more credible in-office experience.

Markets with elevated vacancy can still show real strength at the top end. Austin is one of the clearest examples: overall vacancy remains around 25%, yet Class A captured 78% of leasing activity in the fourth quarter. Similar patterns show up in Atlanta, the Twin Cities, Cleveland, and Omaha. Lease-structure data points the same way: weaker buildings are not just leasing less well; tenants are also less willing to commit to them for long periods.

In many markets, demand is being reallocated within the office universe rather than broadening across it. Top-tier assets are seeing tighter conditions and more credible leasing momentum. Commodity Class B and especially Class C buildings are fighting for relevance, not just occupancy. READ MORE>

LEE LENS: WHAT THIS MEANS FOR THE NEXT PHASE OF OFFICEOffice is beginning to heal, but only under specific conditions: where tenants still want physical space, where that demand is concentrating in higher-quality buildings, where local employment and industry mix support office use, and where supply is no longer working against landlords the way it did in prior cycles. The winners are increasingly identifiable—buildings with the right quality, in markets with the right employment base, serving tenants whose workplace strategies still require physical space. The rest of the market is still searching for relevance, recapitalization, or a new use. That is a narrower story than the headline suggests, but a more useful one for owners, occupiers, and investors trying to understand where the next phase of office actually takes shape.

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OVERVIEW 10-Year, 16,125 RSF Lease of Functionally Obsolete School Building * Religious non-profit owner in the San Francisco Bay Area * Lee & Associates represented the owner-landlord For more information regarding this case study, please contact:*

DAVID KLEINExecutive Vice President | Managing Principal
(415) 828-2188
dklein@lee-associates.com

ELIJAH HODGESAssociate
(925) 528-9972
ehodges@lee-associates.com

DAVID SHARIFIAssociate
(858) 610-9843
dsharifi@lee-associates.com

The ClientThe client is a religious non-profit organization located in the San Francisco Bay Area that owned a functionally obsolete, out-of-code 1920s-era school building in a dense residential neighborhood. The organization was in bankruptcy, with years remaining before the case would be settled, and relied heavily on the property’s income to keep its parish operational.

The ChallengeAt the time of engagement, the client had no capital to improve the building, offer tenant improvement allowances, provide free rent, or pay brokerage commissions. Despite these constraints, the organization urgently needed rental income from the property to remain financially viable.

Although zoning permitted school use, prior entitlements had expired, and a new conditional use permit was required. The vacant and deteriorating property had become a magnet for trash and homeless encampments, frustrating neighboring residents and negatively impacting surrounding property values. While there was interest from school users due to favorable demographics and valuable play yards, nearly all prospects were unwilling to invest approximately $4 million in modernization costs without ownership certainty.

Our ApproachLee & Associates began by having the building accurately remeasured in accordance with BOMA standards, uncovering that the property had been undermeasured for years. The newly captured rentable square footage immediately increased future rental income, allowing the cost of remeasurement to be recovered within months.

Recognizing one qualified school tenant willing to modernize the building if future ownership could be secured, the team structured a creative lease solution. This included negotiating fair-market rent based on the building’s to-be-improved condition rather than its as-is state, providing the parish with immediate income.

To protect the tenant’s long-term investment, the lease incorporated ongoing rights of first offer (ROFO) and a fixed-price purchase option exercisable in the mid-years of the lease, with CPI adjustments. Any rent paid above fair market value would be credited toward the purchase price if the tenant exercised either the ROFO or purchase option. This structure aligned the interests of all parties while accommodating the constraints of the client’s bankruptcy timeline.

The OutcomeThe strategy delivered immediate above-market rental income to the parish, enabling continued operations and payment of brokerage fees. The tenant was able to confidently invest in modernizing the building, knowing ownership would eventually be attainable. Neighbors benefited from the elimination of a blighted property and supported the forthcoming conditional use permit for the new school.

Ultimately, the client secured both near-term income and future sale value, the tenant gained a long-term home with a clear path to ownership, the neighborhood experienced revitalization, and the transaction successfully delivered value for all parties involved.

The post CREATING VALUE WHERE THERE WAS NONE appeared first on Lee & Associates.

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January 27, 2026 (GAINESVILLE, FL) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Gainesville, FL, led by Dan Drotos as founding President and Managing Principal. The office will specialize in office, industrial, land, and retail advisory and brokerage services, serving institutional, owner-user, and private capital clients throughout North Central Florida.

The Lee & Associates Gainesville office will work in close collaboration with the firm’s Tampa and Orlando offices, leveraging shared resources, market expertise, and a highly collaborative platform to provide seamless service to clients across Florida and the Southeast. Additionally, Rory Causseaux, Lauren Vazquez, and Margaret Drotos—experienced commercial real estate professionals—will serve in leadership roles within the new office, further strengthening its capabilities and regional reach.

Lee & Associates CEO Jeffrey Rinkov said, “The opening of our Gainesville office represents another important step in Lee & Associates’ strategic growth across Florida and the Southeast. Gainesville is a dynamic market driven by education, healthcare, and innovation, and we are excited to bring our collaborative, client-first, entrepreneurial approach to the region. The office led by Dan Drotos and his team offers tremendous market intelligence and meaningful market share in this important region. We look forward to supporting the local business community with the full depth of our international platform and local market expertise.”

“The greater Gainesville area’s commercial real estate market is experiencing significant growth, making it the ideal time to expand Lee & Associates’ presence in the region,” said Drotos. “Integrating the Lee & Associates platform with the region’s leading CRE team will drive accelerated growth while continuing to deliver best-in-class service and strategic solutions to our expanding client base.”

A Gainesville native for nearly 20 years, Drotos brings more than 15 years of experience in commercial real estate brokerage and advisory, with a proven track record of leadership, market-leading production, and expertise across multiple asset classes. He has been recognized for his contributions to both the industry and the community, including being named to the University of Florida’s 40 Gators Under 40 (Class of 2024). A proud three-time University of Florida alum, he holds a Master of Science in Real Estate (2012).

Drotos is also a graduate of Leadership Gainesville’s 40th Class and a recipient of the CREXI Platinum Award (2023–2025). He holds prestigious industry designations through the CCIM Institute (2014) and the Society of Office and Industrial Realtors (2016). Licensed in Florida since 2012 and in Georgia since 2024, his deep local connections and commitment to the greater Gainesville community position him to lead Lee & Associates’ expansion in the region, with a focus on business development, brokerage, and talent recruitment.

“The Lee & Associates platform offers a unique combination of a nationally recognized brand, expansive resources, and a truly local, client-first approach,” said Drotos. “We are thrilled to become part of the Lee & Associates family and look forward to what this partnership will mean for our clients and our community.”

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include New Orleans, LA; Las Vegas, NV; Wilmington, NC; Austin, TX; Charlotte, NC; Tampa Bay, FL; Lafayette, LA; Lincoln, NE; Western Pennsylvania; Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; and Boston, MA.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout North America. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, and Twitter.

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MEDIA CONTACTKara Johnson
Lee & Associates
(818) 949-1359
kmjohnson@lee-associates.com

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September 23, 2025 (NEW ORLEANS, LA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of an office in New Orleans, Louisiana. The office will specialize in Office, Industrial, Retail, Self-Storage, and Land. Evan Scroggs, SIOR, CCIM, President and Managing Principal of the Baton Rouge office, will serve in the same role for the New Orleans office and provide leadership to the new team in the Lee & Associates New Orleans office.

Lee & Associates CEO, Jeffrey Rinkov, states that "we continue to be bullish on the southeast market and the talent we have been able to attract in strategic metros. What Evan and the partnership group have been able to accomplish in such a short time period in both the Baton Rouge and Lafayette markets is a testament to their relationships, hard work, and their ability to leverage the Lee & Associates brand. Our leadership from Baton Rouge and Lafayette in Evan and his partners has been outstanding. We look forward to achieving the same type of success and market penetration in New Orleans that has been realized in Baton Rouge and Lafayette. Building a market leading, robust, multi-disciplined presence in New Orleans allows us to better serve clients across the I-10 Corridor through Louisiana. This expansion represents our ability to identify entrepreneurial brokers and leaders in strategic markets and equip them with the resources to elevate their practice."

"We have been working through plans to establish a satellite office in New Orleans for the last 12 months. The addition of Lance Ginn, CCIM to the partnership group earlier this year provided us with a presence in the New Orleans market. Lance has done an incredible job of building the brand in the market and spending time recruiting talented brokers to the team."

The New Orleans office represents a natural extension of Lee & Associates’ Gulf South expansion strategy. The firm first entered the region with the opening of its Baton Rouge office in January 2023, followed by the addition of Lafayette in May 2023 as part of the Baton Rouge venture. With the continued growth of these offices and the launch of New Orleans, Lee & Associates is building a strong, interconnected platform to serve clients throughout Louisiana and the Gulf South.

In addition to Lance Ginn, CCIM and Matt Pittman, CCIM leading the local brokerage efforts, the New Orleans office is supported by a strong network of principals across the region. Together, they bring a collaborative approach that reinforces the firm’s entrepreneurial, client-first culture. As with all Lee & Associates offices, the New Orleans team will benefit from the national platform while providing tailored service to meet the unique needs of the local market.

"Adding Matt Pittman, CCIM as a principal in the company is a significant win for us as we take the next step in building out our brokerage team in New Orleans. Matt has a wealth of experience, transactional knowledge, and relational capital in the region but most importantly, he fits our culture. He’s entrepreneurial, he thinks like an owner, has integrity, is always looking to serve, and pushes himself to grow personally and professionally every day. He is a welcomed addition to our team and will play a critical role as we continue to grow throughout the Gulf South"

Together, the three offices have14 brokers and are supported by a dedicated team of five full-time professionals.

The Lee & Associates New Orleans office will be located at 601 Poydras Street, Suite 1870 | New Orleans, LA 70130. To contact Evan Scroggs, SIOR, CCIM please email escroggs@lee-associates.com.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with 80+ offices throughout North America. Our 1,750+ professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, X and Instagram, our company blog.

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MEDIA CONTACTKara Johnson
Lee & Associates
(818) 949-1359
kmjohnson@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Florida Presence with Expansion into GainesvilleLee & Associates Grows Nevada Presence with Expansion into Las VegasLee & Associates Grows North Carolina Presence with Expansion into WilmingtonLee & Associates Grows Texas Presence with Expansion into AustinLee & Associates Charlotte Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Central California Transitions from a Satellite to a Freestanding Office While Growing Connectivity and Resources in Santa Barbara, San Luis Obispo, and Los OlivosLee & Associates Grows North Carolina Presence with Expansion into CharlotteLee & Associates Grows Presence in the South with Latest Expansion: Tampa Bay, FLLee & Associates Grows Louisiana Presence with Expansion into LafayetteThe post Lee & Associates Grows Louisiana Presence with Expansion into New Orleans appeared first on Lee & Associates.

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OVERVIEW 45,035 SF Sale-Leaseback of Converted Warehouse to Social Service Center * Catholic Charities of the East Bay ("CCEB") is the seller-tenant * LEC Advisors is the buyer-landlord For more information regarding this case study, please contact:*

DAVID KLEINExecutive Vice President | Managing Principal
O (415) 828-2188
dklein@lee-associates.com

The ClientCatholic Charities of the East Bay (CCEB) is part of Catholic Charities of California, the largest charity providing human services in California. CCEB serves people in need living in Alameda and Contra Costa counties of the San Francisco Bay Area, keeping them housed supporting children, youth, seniors, and families in crisis and providing legal services on the path to citizenship.

The ChallengeWhen Lee & Associates was engaged to sell or lease the property, the 70-year old building was 66% vacant, needing over $1 million in needed upgrades in a deeply recessionary market. The property is in a location known for high crime, lack of city services, and homeless encampments adding to the marketing challenges. There was very little tenant demand for the challenged building nor interest in the vacancy. Moreover, due to COVID effects and the recession, charitable giving was down impacting the client's working capital. Consequently, the client did not have the funds to upgrade the building or the vacancy.

Our ApproachUpon engagement, Lee & Associates itemized the benefits of the property - high power supply, high clearance, off-street parking, near the UC Berkeley campus - and verified the building condition with an ESA Phase I, which concluded that there was no contamination present; a property condition assessment, which identified the deferred maintenance, code violations, and the cost to repair; and the true building size, which was determined to be 21% larger than reported to us by the client. Because the client wanted to remain in the building, our strategy was to sell rather than lease the building with the client leasing back its 15,000 SF space, as this would stabilize the buildings cash flow and enhance the value with the owner's strong credit on the lease.

The OutcomeIn July 2025, the property was sold on a sale-leaseback for $4.7 million ($104/sf) all-cash, in as-is condition with deferred maintenance and code violations, to a local San Francisco based family office. The result yielded $3.1 million in cash to the client net of all transaction costs and avoidance of $1 million in rehabilitation costs. The 15-year leaseback is at a market rent with modest rent increases over the term assuring the client an acceptable occupancy cost over the lease term. In the event the client's business needs change, the client has a termination clause in the 40th month to exit the lease with no termination penalty.

The post Catholic Charities Unlocks Property Equity to Fund Mission Work with Sale-Leaseback appeared first on Lee & Associates.

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OVERVIEW* 24-Unit Apartment with Views of Lake Union * Sale Price: $8M * Current Cap Rate: 3.66% * Represented Seller & Buyer

“Candice, Dea and team Lee & Associates did an excellent job keeping the transaction on track. They were great at problem solving, tracking down information and ensuring effective communications between the parties."

Buyer, Hamilton Urban Partners

For more information regarding this case study, please contact:

CANDICE CHEVAILLERPrincipal
O: (206) 773-2694
cchevaillier@lee-associates.com

DANIEL LIMSenior Vice President
O: (206) 773-2692
dlim@lee-associates.com

DEA SUMANTRIVice President
O: (206) 773-2680
dsumantri@lee-associates.com

DOWNLOAD CASE STUDYThe ChallengeHaving developed a trusting relationship with Lee & Associates Seattle's multifamily team, the seller hired our team to sell this exquisite Queen Anne asset with panoramic views of Lake Union. With a recession looming and the Fed plans on several interest hikes for the rest of the year, it was imperative to release the building to the market and expedite the marketing process. The Lee & Associates Seattle's multifamily team's experience in navigating the marketing process in an uncertain market would be put to the test.

Our ApproachOnce hired, our team took swift action to prepare marketing materials and gather complete due diligence documents prior to releasing the building to the market. The team then created a comprehensive marketing program which generated significant interest locally and nationally.

While on the market, interest rates fluctuated constantly, increasing 150 basis points during the active marketing phase. This created further uncertainty in lending options, a critical aspect of apartment sales of this size.

Despite the unpredictability of the market, the Lee & Associates Seattle's multifamily team was able to engage active investors, run an extensive series of tours, and qualify several buyers for the building. Ultimately, a local group with a strong track record in multifamily development in the Pacific Northwest was enticed by the opportunity to restore this mid-century modern classic to its original grandeur.

The OutcomeLHaving more than 20 years of experience selling apartments in the Seattle apartment market, the Lee & Associates Multifamily team anticipates opportunities and challenges in changing market conditions. By providing clear communication, experienced guidance, and building rapport throughout the process, our team created the necessary stability by managing uncertainty for both Buyer and the Seller. The Lee & Associates Seattle's multifamily team successfully navigated the complexity of the sale process by working cohesively with all parties, including escrow, lender and the property management team to result in a successful closing.

“We had a very good experience working with the Lee & Associates Multifamily Team. They offered us consistent communication throughout the marketing process and always kept us informed as we moved through to a successful close. They worked closely with our property management team and did not require much of our time and attention. We would not hesitate to recommend their brokerage services."

Seller, Pryde Corporation

The post Bringing Stability to Uncertain Market appeared first on Lee & Associates.

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OVERVIEW 21-Unit Apartment in Lower Queen Anne * Sale Price: $7.3M * Current Cap Rate: 4.23% * Represented Seller & Buyer * Coordinated 1031 Exchanges for both parties For more information regarding this case study, please contact:*

CANDICE CHEVAILLERPrincipal
O: (206) 773-2694
cchevaillier@lee-associates.com

DANIEL LIMSenior Vice President
O: (206) 773-2692
dlim@lee-associates.com

DEA SUMANTRIVice President
O: (206) 773-2680
dsumantri@lee-associates.com

DOWNLOAD CASE STUDYThe ChallengeThe owner reached out to the Lee & Associates Seattle's multifamily team for consultation and assistance marketing his apartment after another brokerage team's attempt did not bring a sale. The building was meticulously cared for and in a well-located area within walking distance to Lower Queen amenities. We are honored to be handpicked by the client for this assignment. At the same time, market had shifted since the building had been on market. Ready to take on the challenge of both meeting our client’s pricing expectations and finding the right buyer in a softening market, the team go to work.

Our ApproachWhile waiting for the completion of some capital improvement projects, the Multifamily team proactively gathered all the due diligence for the building. The client kept immaculate records on the building. During this preparation period, the team saw an opportunity to add value to the building. Under our council, the seller was able to lower his property assessment by $1M and also exploring a cell tower contract that would boost the net income by $35,000/year. This creative approach provided additional NOI to be counted towards the value of the building and maintain the building's top value potential.

The OutcomeIn addition to our team’s on-going marketing campaign which reaches nearly 7000 people in the multifamily community, our team is actively engaged with key players who are active in the market. Our team works with many clients and one of them was in a 1031 exchange. The timing and the equity amount couldn’t have been more perfect.

Our Multifamily team typically create a wide marketing program for listings which is typically most beneficial to the client to have the property marketed to the wider audience. In this case, there was a unique opportunity to have pricing feedback and insight from a recent previous marketing campaign and could weigh that against an offer from a very well qualified 1031 buyer. We worked with both parties to move towards the completion of the capital projects, receive a property tax reduction, and advance the antennae contract. In the end, the buyer purchased the building at full price and the team assisted the execution of successful 1031 exchanges for both buyer and seller.

“I feel lucky to have found Candice and her team at Lee & Associates to sell my multi-family property in Seattle, WA. I was immediately impressed with the diversity of her team and their focus on under-standing my goals as a seller. They took the time to understand my property in order to market it successfully and ultimately find the right buyer. I felt completely supported and under-stood through the entire process and wouldn't hesitate to recommend Candice and her team to anyone looking to sell or buy a multi-family property. I couldn't have asked for a better team of people to work with or a better outcome."

Craig Brown

The post Creative Solutions Resulted in Maximized Pricing in a Downturn Market appeared first on Lee & Associates.

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OVERVIEW 14 tours, 40 signed CA * 21-Unit with views of Salmon Bay & Olympic Mountains * Sale Price: $4.85M * Current Cap Rate: 4.93% * Represented Seller & Buyer For more information regarding this case study, please contact:*

CANDICE CHEVAILLIER, CCIMPrincipal
O (206) 773-2694
cchevaillier@lee-associates.com

DANIEL LIMSenior Vice President
O (206) 773-2692
dlim@lee-associates.com

DEA SUMANTRIVice President
O (206) 773-2680
dsumantri@lee-associates.com

SARAH BAGOAssociate
O (206) 773-2675
sbago@lee-associates.com

DOWNLOAD CASE STUDYThe ChallengeOur client, a longtime owner of an immaculate apartment building in the heart of Ballard, entrusted the Lee & Associates Multifamily team with their multifamily property sale. Commissioned by their parents, the building had served as a family legacy for over 50 years. It held deep sentimental value—not just as an asset, but as a home for two family members still residing there. This added an extra layer of care and sensitivity to the process, as the sale meant saying goodbye to a part of the family’s history.

While achieving the highest price was critical, the seller also prioritized finding a buyer who would honor the property’s integrity and care for its tenants, many of whom had longstanding ties to the building. Pricing presented additional challenges due to below-market rents, persistent inflation, and the uncertainty surrounding an upcoming election.

Our ApproachRecognizing the family’s emotional connection and first-time experience with multifamily transactions, the Lee & Associates team provided personalized guidance at every step. The family’s pride in the property was evident in its pristine condition, strong tenant relationships, and their hands-on involvement in managing the building. With family members still living on-site, we took special care to approach the marketing and sale process with thoughtfulness and respect.

We began by preparing detailed due diligence materials and creating a comprehensive marketing campaign designed to highlight the building’s mid-century charm, exceptional upkeep, and value-add opportunities. Our Lee Multifamily team also leveraged its reputation for trustworthiness to instill buyer confidence and minimize contingencies. During our active marketing phase, as interest rates trended upward—further complicating lending options for prospective buyers—we concurrently assisted the family in implementing essential maintenance enhancements to the building’s systems, ensuring the property maintained its operational integrity.

Despite these challenges, we conducted numerous tours, generated strong investor interest, and secured four initial offers. The feedback from the market prompted us to recommend a strategic price adjustment, which attracted even more qualified buyers. Ultimately, we identified a local buyer with a proven track record in multifamily acquisitions who shared the seller’s values and was committed to restoring the building’s mid-century gem.

The OutcomeBy blending clear communication, expert market insights, and collaborative coordination with escrow and property management, the Lee & Associates Multifamily team successfully navigated market uncertainties to achieve a smooth closing. The sale preserved the seller’s legacy while meeting their financial and personal goals, demonstrating our commitment to delivering tailored solutions in complex transactions.

“Working with Dea, Candice, and the Lee Multifamily Team on the sale of Sunset House was a seamless and enjoyable experience. Their clear communication kept us informed at every step, and their positive, collaborative approach made the process effortless. They were highly accountable and proactive, facilitating every aspect of the transaction while providing immaculate due diligence files that kept everything on track. We truly appreciate their expertise and look forward to working with them again in the future.”

Buyer, Kite Partners

The post Immaculate 21-Unit in the Heart of Ballard appeared first on Lee & Associates.

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OVERVIEW True Mixed-Use building with 17 apartments, office, retail and restaurant * Quarter Block in Fremont * Sale Price: $17,415,000 * Loan Assumption For more information regarding this case study, please contact:*

CANDICE CHEVAILLIER, CCIMPrincipal
O (206) 773-2694
cchevaillier@lee-associates.com

DANIEL LIMSenior Vice President
O (206) 773-2692
dlim@lee-associates.com

DEA SUMANTRIVice President
O (206) 773-2680
dsumantri@lee-associates.com

DOWNLOAD CASE STUDYThe ChallengeLocated at corner of Fremont Avenue and North 34th Street, Fremont Court is an incredibly well-located and uniquely diversified asset in the Center of the Universe. Purchased 22 years ago as a five-building mixed use project consisting of multifamily, retail, office and restaurant spaces, the buildings range in age from the early 1900s to 2011. The Seller, a successful local developer, desired to rebalance its portfolio and sell the asset. Prior to selling, Fremont Court was refinanced to take advantage of historically low interest rates. The new loan was assumable, creating an alternative to incurring a significant prepayment penalty. From an operations perspective, at the time the building was released to the market, rent reductions were put in place across the many commercial tenants to keep the buildings full and occupied. These rent concessions were temporary, but the impact on the near-term performance of the asset was real.

Our ApproachThe Seller hired the Northwest Multifamily Team to build a compelling marketing story: a purchase and loan assumption for a rare opportunity to own half a block in one of Seattle’s top neighborhoods, with operating headwind while current, were not permanent.

Prior to releasing the listing, the team built a comprehensive marketing package and extensive due diligence file including a clear outline and timeline of restabilizing the asset. Buyers would need detailed information to accurately model both near and long-term performance expectations. The team updated the package on a regular basis as updates concessions burned off and the rent roll stabilized during the marketing process. With each new update, the team reached out to curated groups of investors – ones who were nimble, familiar with operating product types, and could envision the future potential of the property. These were often family offices and developer/syndicator groups with familiarity of local submarkets and neighborhoods. The consistency of the Team’s updates kept the opportunity fresh in these investors’ minds as they moved through acquisition cycles. Ultimately, the timing aligned for a specific group looking for both a corporate headquarters and was in the process of completing a 1031 exchange.

Once under contract, the Team spearheaded a lengthy and cumbersome loan assumption process, coordinating the delicate task of introducing a new sponsor and borrower to the lender as well as setting expectations on timelines and due diligence available.

The OutcomeThe Team was able create and maintain forward momentum and goal-oriented collaboration between Seller and Buyer even with significant lender delays throughout the escrow process. Upon closing, the Seller achieved their pricing expectations and was completely released from all loan liability and obligations. The Buyer received a fully stabilized asset and successfully assumed an incredibly attractive loan, with an interest rate over a full point below market upon closing -- a win for both parties.

“We’re very grateful for all the thoughtful hard work and diligence of Candice Chevaillier and everyone on her team at Lee & Associates marketing the Fremont Court property. We wouldn’t hesitate to engage them again.”

-Brian, Equinox Properties, Client

The post Fremont Court – Successful Closing Despite Pandemic Headwinds appeared first on Lee & Associates.

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OVERVIEW Four-building Portfolio in Capitol Hill * Sale Price: $16,800,000 ($433 PSF) * Strong Current Cap Rate: 3.88% For more information regarding this case study, please contact:*

CANDICE CHEVAILLIER, CCIMPrincipal
O (206) 773-2694
cchevaillier@lee-associates.com

DANIEL LIMSenior Vice President
O (206) 773-2692
dlim@lee-associates.com

DEA SUMANTRIVice President
O (206) 773-2680
dsumantri@lee-associates.com

DOWNLOAD CASE STUDYThe ChallengeThe Thomas Park Portfolio is a four-building portfolio collected over 46 years by a local architect and his family. It had been purchased with the intent to serve as a family legacy. Eventually it be clear that the family did not want to continue to operate the portfolio. The Seller felt a deep need to ensure that the buildings and tenants were carefully were transitioned to a new owner who was local, respectful and would continue the tradition of community that the Seller created. The search was on for such an investor, who would have the wherewithal and patience to continue to run this portfolio with a likeminded approach.

Our ApproachThe Seller hired the Northwest Multifamily Team a year in advance of the release to market timeline in order to ready the buildings for market, put needed rent increases in place and in order to capture the very best photography possible, including professional exterior, aerial and interior photography showcasing the property. The Team worked together with the Sellers to assemble a thorough due diligence file and prepare the buildings for market. The Team built a compelling marketing story: the opportunity to own a true community in an amazing Capitol Hill location, with irreplaceable retail and outdoor spaces. The buildings had been well-cared for and there was a further opportunity to upgrade the units over time. The Team released the building on schedule and created a marketing plan that included a vast digital market campaign, video highlight reels and an extensive directly calling campaign to local investors who would fit the profile of the perfect buyer.

After 4 weeks of marketing a call for offers was set and the Team brought in 5 offers. Though the buildings had full exposure to the market, all five were brought in the by the team. The team then designed a process by which there would be an additional tour for the buyers, and a round of buyer interviews. The buyers were given a uniform list of questions designed by the Team and the Seller in advance so they could prepare answers and the interviews were held over video conference. These were incredibly valuable to this particular listing assignment, because of the very specific profile desired. From here, the Team was able to negotiate a second round of offers and returned with several non-contingent offers. The meant that the Seller was able to hand pick the buyer, but also sign a non-contingent offer with no contingencies for the sale of the buildings.

The OutcomeWhile the parties entered into escrow with a non-contingent sale and purchase, there were many deal intricacies for Seller and Buyer and these were handled with proactivity and clear communication, allowing both parties to feel confident through to the closing table and paving the way for the best possible outcomes for all.

"Candice, Daniel, Dea, and Chris are incredibly responsive and knowledgeable throughout the entire acquisition process. We had a complicated purchase with a few bumps along the way, but Candice and her team were quick, communicative, and creative in coming up with solutions to get all parties across the finish line for a successful close."

DR, Buyer Representative

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March 11, 2025 (LAS VEGAS, NV) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of an office in Las Vegas, Nevada. The office will specialize in industrial owner/tenant representation, investment sales, and land sales, with plans to strategically recruit teams to grow their capabilities in office, retail, and multifamily.

The Lee & Associates Las Vegas team will be led by John Sharpe, SIOR, CCIM, LEED-AP as President. The founding team includes Danielle Steffen, SIOR and Geoffrey West, both as Principals in the office. In addition to their transactional agents, the team will also include April Wesley as Office Manager.

"John has been a champion of the Lee & Associates broker-owned model for years, and his leadership, vision, and experience make him the ideal choice to lead our new Las Vegas office," said Jeffrey Rinkov, CEO of Lee & Associates. "Having worked alongside John for many years, I have the utmost confidence in his ability to establish and grow a highly successful team. Under his leadership, supported by our collaborative national platform, this office will bring the exceptional service and expertise that clients have come to expect from Lee & Associates."

Sharpe is a seasoned commercial real estate professional with nearly three decades of industry experience specializing in industrial and investment sales, leasing, and land transactions. In 2002, he co-founded Lee & Associates of Illinois, growing it into a full-service brokerage with more than 50 professionals. He currently serves on the Lee & Associates Board of Directors and as the firm’s Expansion Chair, leading strategic growth initiatives on a national scale. Sharpe is also a former board member of CompassionateLEE, Lee & Associates’ 501(c)(3) non-profit organization, dedicated to philanthropic and community-driven efforts. A graduate of Indiana University with a degree in Finance and Real Estate, he holds professional licenses in Illinois, Indiana, Wisconsin, and Nevada.

"The launch of Lee & Associates Las Vegas marks an exciting milestone, and I couldn’t be more thrilled to bring our unique, entrepreneurial culture to this dynamic market. For 25 years, I’ve had the privilege of contributing to our firm’s growth, and now, we are focused on establishing one of the premier commercial real estate offices in Las Vegas," said Sharpe. "Lee & Associates is built on a foundation of collaboration, ownership, and an unwavering commitment to client success - values that will guide our operation in Las Vegas. We’re hitting the ground running and look forward to making a positive impact in the community."

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Wilmington, NC; Austin, TX; Charlotte, NC; Tampa Bay, FL; Lafayette, LA; Lincoln, NE; Western Pennsylvania; Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; and Boston, MA.

The Lee & Associates Las Vegas office will be located at 8708 Spanish Ridge Avenue | Suite 115, Las Vegas, Nevada 89148. To contact John Sharpe, please email jsharpe@lee-associates.com.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with 80+ offices throughout North America. Our 1,750+ professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(818) 743-0488
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows North Carolina Presence with Expansion into WilmingtonLee & Associates Grows Texas Presence with Expansion into AustinLee & Associates Charlotte Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Central California Transitions from a Satellite to a Freestanding Office While Growing Connectivity and Resources in Santa Barbara, San Luis Obispo, and Los OlivosLee & Associates Grows North Carolina Presence with Expansion into CharlotteLee & Associates Grows Presence in the South with Latest Expansion: Tampa Bay, FLLee & Associates Grows Louisiana Presence with Expansion into LafayetteLee & Associates Grows Nebraska Presence with Expansion into LincolnLee & Associates Grows Northeast Presence with Latest Expansion: Western PennsylvaniaThe post Lee & Associates Grows Nevada Presence with Expansion into Las Vegas appeared first on Lee & Associates.

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OVERVIEW Lee & Associates New York City and Lee & Associates Dallas/Fort Worth worked collaboratively to successfully complete transactions for HelloFresh across multiple markets, including Grand Prairie, TX; Dallas, TX; New York, NY; Brooklyn, NY; Boulder, CO; and Swedesboro, NJ. “We are thrilled to be expanding our operational footprint in the Dallas-Fort Worth metro region, a highly effective logistics hub as demonstrated by our existing Grand Prairie distribution center," said Uwe Voss, CEO of HelloFresh U.S. "This new facility bolsters our already strong presence in the region and further supports HelloFresh U.S. growth plans as we continue to invest in our facilities, our people and our technology to provide superior service and delicious meals to new and existing customers."*

For more information regarding this case study, please contact:

JUSTIN MYERSExecutive Managing Director/Principal
O (212) 776-1281
jmyers@lee-associates.com

DENNIS SOMECKExecutive Managing Director/Principal
O (212) 776-1270
dsomeck@lee-associates.com

TREY FRICKECo-Managing Principal
D (972) 934-4010
tfricke@lee-associates.com

The ClientHelloFresh is a German meal-kit company based in Berlin. It is the largest meal-kit provider in the United States. They also have operations in Australia, Canada, New Zealand, and Europe, including Germany, Austria, Switzerland, Belgium, The Netherlands, Luxembourg, France, Italy, Ireland, Spain, Scandinavia, and the United Kingdom.

The ChallengeOur Lee & Associates New York City and Lee & Associates Dallas/Fort Worth offices navigated a range of complex real estate challenges, including short-term distribution needs, specialized facility requirements, and lease negotiations across multiple markets:

Dallas/Fort Worth Distribution Center: The client required short-term space to accommodate excess capacity, with specific cooler and freezer storage needs.
New York City Office Space: The client needed to terminate their current lease, sublease the existing space, and secure a new headquarters with a fully equipped test kitchen—while overcoming strict NYC venting regulations.
Swedesboro, NJ Expansion: To support growth, the client needed to expand into the adjacent space within their existing facility. Our ApproachThrough strategic market analysis, diligent negotiations, and expert problem-solving, our teams successfully delivered tailored real estate solutions across multiple locations:
Dallas, Texas: Secured a 375,000-square-foot distribution center to accommodate at least 700 vehicles, ensuring optimal operational efficiency.
New York City: Conducted a comprehensive analysis of NYC venting requirements to identify a space suitable for a full test kitchen. Additionally, facilitated the sublease of HelloFresh’s 22,000-square-foot space by securing two credit tenants following their headquarters relocation.
Brooklyn, New York: Identified and leveraged a one-time termination provision to successfully exit the existing lease.
Swedesboro, New Jersey: Closely monitored an adjacent site for over a year, ultimately securing the lease for the adjoining property to support expansion. The OutcomeBy leveraging the combined expertise of our Lee & Associates New York City and Lee & Associates Dallas/Fort Worth offices, we achieved the following successful outcomes:
Grand Prairie, Texas: Short term space was needed for excess capacity for DFW 180,000 SF distribution center. The space had necessary cooler and freezer capacity.
Dallas, Texas: Our team located a 375,000 SF distribution center that accommodated 700-900 cars. They negotiated a long term lease with significant tenant improvement and government incentives.
New York, New York: 44,000 SF HQ which accommodated a test kitchen despite strict NYC venting requirements. Negotiated full build to suit deal. Negotiated two 11,000 SF subleases with credit tenants after HelloFresh’s relocation to 28 Liberty.
Brooklyn, New York: Identified one-time termination provision to get out of current lease. Found space 2.5 times the current size at a significant rent reduction in a sought after building for 9,800 SF studio space.
Boulder, Colorado: 9,950 SF warehouse & office renewal. Negotiated a favorable 3 year renewal on short notice that provided two (2) two year renewal options.
Swedesboro, New Jersey: Monitored site for over a year in order to lease adjoining 85,000 SF property. Negotiated favorable long term extension/renewal of current space and expansion into the adjoining space for a total of 170,000 SF. The post Lee & Associates Negotiates 750,000 SF Industrial & Office Leases for HelloFresh appeared first on Lee & Associates.

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Wilmington Expansion Marks the Third Lee & Associates Office in North CarolinaFebruary 11, 2025 (WILMINGTON, NC) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Wilmington, North Carolina, led by Sandy Thorpe as Managing Director. The office will specialize in retail, office, industrial, land, and multifamily.

The Lee & Associates Wilmington office will be an extension of the Lee & Associates Raleigh Durham office, led by Moss Withers as CEO and Ted Boyd as President. The offices will work closely together, leveraging the resources, expertise, and collaborative synergy between the two locations to provide seamless service to clients across the state and throughout the Southeast. Additionally, Russell Stewart and Dan Koeller, experienced professionals from the Raleigh Durham office, will play an active role in the Wilmington market, further strengthening the office’s capabilities and expanding its reach in the region.

"Wilmington’s commercial real estate market is experiencing dynamic growth, making it the perfect time to expand Lee & Associates’ presence in the region," said Withers. "By integrating the expertise of our Raleigh Durham team with Sandy’s deep market knowledge, we are well-positioned to provide best-in-class service and strategic solutions to clients looking to capitalize on opportunities in this thriving market."

A Wilmington native, Thorpe brings over a decade of experience in development and commercial real estate, with a proven track record of leadership and market expertise. Recognized for his contributions to the industry, he has been named to Wilmington’s 40 Under 40 (Class of 2022), Top Biz 100 “Influencer,” and 2023 Coastal Entrepreneur of the Year. In addition to owning Thorpe Co., Thorpe is a key partner in the Soda Pop District, a 3.5-block adaptive reuse project featuring over 100,000 square feet of restaurant, retail, industrial, and office space—an award-winning development recognized for Best Adaptive Reuse Development and the Best Deal Maker Award in 2023. His deep local connections and commitment to the Wilmington market position him to lead Lee & Associates’ expansion in the region, focusing on business development, brokerage, and talent recruitment.

"Lee & Associates offers the ideal combination of a nationally recognized brand with an entrepreneurial, client-first approach," said Thorpe. "By joining forces with the Raleigh-Durham office, we’re able to bring unmatched expertise, collaboration, and market intelligence to serve the needs of the Wilmington business community."

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Austin, TX; Charlotte, NC; Tampa Bay, FL; Lafayette, LA; Lincoln, NE; Western Pennsylvania; Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; and Boston, MA.

The Lee & Associates Wilmington office will be located at 6781 Parker Farm Rd, Suite 1B #140, Wilmington, North Carolina 28405. To contact Sandy Thorpe, please email sthorpe@lee-associates.com.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(818) 743-0488
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Nevada Presence with Expansion into Las VegasLee & Associates Grows Texas Presence with Expansion into AustinLee & Associates Charlotte Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Central California Transitions from a Satellite to a Freestanding Office While Growing Connectivity and Resources in Santa Barbara, San Luis Obispo, and Los OlivosLee & Associates Grows North Carolina Presence with Expansion into CharlotteLee & Associates Grows Presence in the South with Latest Expansion: Tampa Bay, FLLee & Associates Grows Louisiana Presence with Expansion into LafayetteLee & Associates Grows Nebraska Presence with Expansion into LincolnLee & Associates Grows Northeast Presence with Latest Expansion: Western PennsylvaniaThe post Lee & Associates Grows North Carolina Presence with Expansion into Wilmington appeared first on Lee & Associates.

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Austin Expansion Marks the Third Lee & Associates Office in TexasNovember 20, 2024 (AUSTIN, TX) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Austin, Texas led by Adam Green, SIOR as President. The office will specialize in industrial tenant representation, leasing, sales, and acquisitions, as well as land. Lee & Associates Austin plans to strategically recruit teams to grow their capabilities in office, retail, multifamily, and data centers.

“Expanding our Texas footprint has been one of our top enterprise priorities. The launch of our Austin office represents a significant addition to our presence in the region,” said Jeffrey Rinkov, CEO of Lee & Associates. “Adam Green’s experience and leadership will provide a strong foundation as we establish a dynamic team in Austin. We’re excited to support our new office and build connections with our established teams in Dallas/Fort Worth and Houston to deliver the high-quality, client-focused services our brand is known for.”

Austin native Adam Green has an established career in commercial real estate, backed by nearly 12 years of experience in the industry. After earning his degree in Economics from the University of Texas at Austin, he spent his career at Stream Realty Partners, where he developed a strong reputation for his expertise in industrial transactions. Green has been consistently recognized on the ABJ Heavy Hitters and Costar Powerbroker lists. With a record of over 750 transactions and $1.5 billion in deal volume, Green’s expertise will be instrumental in advancing Lee & Associates’ growth in the Austin market.

“I chose Lee & Associates because of its unique platform that combines the entrepreneurial spirit of local ownership with the strength and reach of a national brand,” said Green. “The firm’s transparency, strong values, and commitment to client success align perfectly with my vision for building a team and culture that will best serve our clients. This opportunity allows us to scale thoughtfully while maintaining the integrity and excellence that define Lee & Associates.”

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Charlotte, NC; Tampa Bay, FL; Lafayette, LA; Lincoln, NE; Western Pennsylvania; Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; and Toronto, ON.

Lee & Associates is focused on establishing a permanent office space in Austin to support its continued growth in the region. To contact Adam Green, please email agreen@lee-associates.com.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(818) 743-0488
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Nevada Presence with Expansion into Las VegasLee & Associates Grows North Carolina Presence with Expansion into WilmingtonLee & Associates Charlotte Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Central California Transitions from a Satellite to a Freestanding Office While Growing Connectivity and Resources in Santa Barbara, San Luis Obispo, and Los OlivosLee & Associates Grows North Carolina Presence with Expansion into CharlotteLee & Associates Grows Presence in the South with Latest Expansion: Tampa Bay, FLLee & Associates Grows Louisiana Presence with Expansion into LafayetteLee & Associates Grows Nebraska Presence with Expansion into LincolnLee & Associates Grows Northeast Presence with Latest Expansion: Western PennsylvaniaThe post Lee & Associates Grows Texas Presence with Expansion into Austin appeared first on Lee & Associates.

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New Standing Allows Office to Access Unique Capital StructureJuly 16, 2024 (CHARLOTTE, NC) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today that their Charlotte, NC office has transitioned from a satellite office to a freestanding office, granting them access to Lee & Associates unique capital structure benefits.

Lee & Associates Charlotte is led by Greg Pieratt, SIOR, who serves as president. Since the satellite office opened in March of this year, the office has executed an aggressive growth strategy. As a result, their team has grown to 15 professionals, and they are actively recruiting professionals in the following disciplines for both landlord agency and tenant representation: retail, industrial, investment and capital markets, land, office, and medical office.

"I am incredibly proud of our rapid progress. In just four months, we have grown from a one-person satellite office to a 15-person, fully functioning brokerage firm. We have successfully established a healthy and vibrant office culture, which was one of our key goals. The swift growth of the Lee & Associates Charlotte office highlights the strong demand for our broker-owned platform, the excellent brand awareness from our neighboring Lee & Associates offices, and the hard work and collaboration of many individuals,” said Pieratt. “Having had a rewarding 20-year career with Lee & Associates in San Diego, the opportunity to bring what I believe is the industry's best brokerage platform to the Carolinas' booming market was irresistible. The significant migration to the Carolinas is driving economic development and commercial real estate growth across all asset classes, perfectly aligning with our business plan.”

The structure of Lee & Associates is unique in that it is entirely debt-free. Over our 45-year history, the capital deployed during the opening of new offices is raised in advance by Lee & Associates principals across North America. As shareholders of the company this separates us from our competition and creates one common goal; to provide seamless, consistent execution and value-driven market-to-market services to our clients.

"Our expansion into the Charlotte market is a great example of the importance and emphasis we place on the Southeast region. While Charlotte is a large, dynamic, and opportunity-filled market, I am truly enthusiastic and excited about our leadership and the large founding group," said Lee & Associates CEO, Jeffrey Rinkov, SIOR. "Greg has a long history of success with one of our most productive Southern California offices. We are grateful for his election to move his talents, energy, expertise, and, most importantly, his family to lead our Charlotte presence. He has an intimate understanding of our platform and is making great strides with clients and talented professionals in the region. The support from Moss Withers and our Raleigh-Durham office, along with our South Carolina, Tennessee, Florida, and Georgia leadership, has been an outstanding testament to the culture at Lee & Associates."

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Tampa Bay, FL; Lafayette, LA; Lincoln, NE; Western Pennsylvania; Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; and Toronto, ON.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(818) 743-0488
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Nevada Presence with Expansion into Las VegasLee & Associates Grows North Carolina Presence with Expansion into WilmingtonLee & Associates Grows Texas Presence with Expansion into AustinLee & Associates Central California Transitions from a Satellite to a Freestanding Office While Growing Connectivity and Resources in Santa Barbara, San Luis Obispo, and Los OlivosLee & Associates Grows North Carolina Presence with Expansion into CharlotteLee & Associates Grows Presence in the South with Latest Expansion: Tampa Bay, FLLee & Associates Grows Louisiana Presence with Expansion into LafayetteLee & Associates Grows Nebraska Presence with Expansion into LincolnLee & Associates Grows Northeast Presence with Latest Expansion: Western PennsylvaniaThe post Lee & Associates Charlotte Transitions from a Satellite Office to a Freestanding Office appeared first on Lee & Associates.

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New Standing Allows Office to Access Unique Capital Structure while Building Resourcesand Client Services throughout Central California and the Central Coast RegionJuly 9, 2024 (BAKERSFIELD, CA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today that their Central California office has transitioned from a satellite office to a freestanding office, granting them access to Lee & Associates unique capital structure benefits. Additionally, the office will aid in growing connectivity, resources, and leadership in the Central Coast region.

The Lee & Associates Central California team, which opened as a Satellite in February of last year, is led by Chad Brockand Michael Ming. Their team consists of 22 professionals, including Stephen Kritscher, JoAnn Wall, Nat DiBuduo, Amanda Brock, Vali Nemetz, Janie Gatzman, George Ming, Emily Ming, Ryan Metzler, Dan Cobb, Lauren McNinch, Melinda Bie, Steve Leider, Christi Vior, Tom Davidson, Jeff Allen, Marty Indvik, Eric Powers, Ross Puskarich, Frank Oberti, Greg Archer, and Steve Relth.

“It is with immense excitement that we announce our formal integration into Lee & Associates, marking the inception of our independent office strategically positioned to cater to the dynamic markets of the Central Valley and Central California,” said Brock. “The robust resources and unwavering support extended by the Lee & Associates team have met and exceeded our expectations. As we diligently set plans into motion, we anticipate a future brimming with unparalleled opportunities for our brokers and the clientele we proudly serve.”

Ming added, "with a legacy of innovation and client-focused solutions, our Central California office is poised to redefine the landscape of commercial and agricultural real estate, one thriving partnership at a time."

The structure of Lee & Associates is unique in that it is entirely debt-free. Over our 45-year history, the capital deployed during the opening of new offices is raised in advance by Lee & Associates principals across North America. As shareholders of the company, this separates us from our competition and creates one common goal: to provide seamless, consistent execution and value-driven market-to-market services to our clients.

“The importance of our Central California presence is underscored by the quality of the leadership we have been able to attract and partner with. Mike Ming and Chad Brock bring outstanding resumes, market penetration, and quality leadership experience. They will operate in an important and growing region in California that includes the Central Coast and Central Valley, areas that abut some of our most productive existing teams,"said Jeffrey Rinkov, CEO of Lee & Associates. “I am very enthusiastic about the additional asset classes they will provide coverage and expertise for, most notably their long history of successful agricultural, mineral rights, alternative energy, and redevelopment practices. I thank Mike Tingus, Nanette Yoshimi, and our Los Angeles North offices for supporting this effort and helping to formulate this important partnership."

The Lee & Associates Central California offices are located at 5401 Business Park South, Suite 122 in Bakersfield, California; 109 E. Victoria Street, First Floor in Santa Barbara, California; 668 Marsh Street, Suite 3 in San Luis Obispo, California; and 2990 Grand Avenue, Suite D in Los Olivos, California. To contact Chad Brock or Michael Ming, please email cbrock@lee-associates.com or mming@lee-associates.com.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(818) 743-0488
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Nevada Presence with Expansion into Las VegasLee & Associates Grows North Carolina Presence with Expansion into WilmingtonLee & Associates Grows Texas Presence with Expansion into AustinLee & Associates Charlotte Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Grows North Carolina Presence with Expansion into CharlotteLee & Associates Grows Presence in the South with Latest Expansion: Tampa Bay, FLLee & Associates Grows Louisiana Presence with Expansion into LafayetteLee & Associates Grows Nebraska Presence with Expansion into LincolnLee & Associates Grows Northeast Presence with Latest Expansion: Western PennsylvaniaThe post Lee & Associates Central California Transitions from a Satellite to a Freestanding Office While Growing Connectivity and Resources in Santa Barbara, San Luis Obispo, and Los Olivos appeared first on Lee & Associates.

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Congratulations to the recipients of Lee & Associates 2024 Lee Summit awards.

OFFICE OF THE YEAR AWARDTier 1: Lee & Associates Ontario
Tier 2/3: Lee & Associates Los Angeles - North

CIRCLE OF EXCELLENCE AWARD: IndustrialBill Heim, Lee & Associates Ontario
Jim Martin, Lee & Associates Stockton

CIRCLE OF EXCELLENCE AWARD: OfficeGary McArdell, Lee & Associates Newport Beach
Brian Farmer, Lee & Associates Raleigh Durham

CIRCLE OF EXCELLENCE AWARD: LandTaylor Schmidt, Lee & Associates Houston
Moss Withers, Lee & Associates Raleigh Durham

CIRCLE OF EXCELLENCE AWARD: RetailMark Bramlett, Lee & Associates Arizona
Chris Sill, Lee & Associates Stockton

CIRCLE OF EXCELLENCE AWARD: MultifamilyCandice Chevaillier, Lee & Associates Pacific Northwest
Todd Braun, Lee & Associates Arizona

CIRCLE OF EXCELLENCE AWARD: InvestmentJim Reed, Lee & Associates Pacific Northwest
Andrew Harrill - Lee & Associates Greenville

BILL LEE AWARDJeffrey Rinkov, Lee & Associates Licensing & Administration, LP

CLIF FINCHER MEMORIAL AWARDRyan Griffith, Lee & Associates Orlando

FRED DARCHE MEMORIAL AWARDLee & Associates Ontario

EXCELLENCE IN NETWORKING AWARDLee & Associates City of Industry

HUMANITARIAN AWARDLee & Associates Charleston

LEADERS OF LEE AWARDDavid Howard, Lee & Associates Atlanta
Jack Cline, Lee & Associates Los Angeles Downtown

OUTSTANDING MARKETING PRESENCE AWARDLee & Associates Greenville

INNOVATION AWARDDeborah Pogue, Lee & Associates Idaho

The post 2024 Lee Summit Award Recipients appeared first on Lee & Associates.

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March 4, 2024 (CHARLOTTE, NC) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new satellite office in Charlotte, North Carolina. The office will specialize in industrial and office landlord and tenant representation, with plans to strategically recruit teams to grow their capabilities in land, retail, multifamily, and investment sales.

The Lee & Associates Charlotte team will be led by Greg Pieratt, SIOR as President. Our Lee & Associates Raleigh Durham office will provide resources and assistance to ensure that the new Charlotte office is well-supported during its initial start-up period, until it transitions to a freestanding office.

“Lee & Associates' expansion into the Charlotte market signifies our entry into an important market and showcases our commitment to the Southeast region. The opportunity for us to deploy an incredibly talented leader with a long history of understanding our culture and success, we are extremely enthusiastic about the team Greg is leading and the future growth he will achieve in Charlotte,” said Jeffrey Rinkov, CEO of Lee & Associates. “We have had tremendous success in the Southeast, including in Raleigh Durham, and look forward to the collaboration and leadership provided by their office.”

Pieratt, a 20-year industry veteran, specializes in tenant representation and investment sales. Starting his commercial real estate career with Lee & Associates, he has been a Principal in the company for 16 years and has consistently ranked as a top producer for the last ten years. He has built deep relationships while advising his clients both locally and globally in scale. In the last five years, he has represented clients in over 200 sales and leasing transactions totaling more than $1 billion in consideration.

“My tenure with Lee & Associates has provided me with an extensive understanding of the unique broker-owned platform, and I am excited to bring that platform to a growing market like Charlotte. The state's economic growth and business-friendly leadership is abundantly evident,” said Pieratt. Moss Withers, CEO & Principal of Lee & Associates Raleigh Durham, added “Our expansion into Charlotte marks a critical milestone for not only our Raleigh Durham office, but all of our offices in the Southeast. Alongside Greg's leadership, we are committed to lending our expertise, dedication, and help to grow the culture in this new office. I have full confidence in the office's ability to thrive and to make a meaningful impact on the market while continuing to define Lee & Associate's momentum and success on the East Coast.”

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(818) 743-0488
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Presence in the South with Latest Expansion: Tampa Bay, FLLee & Associates Grows Louisiana Presence with Expansion into LafayetteLee & Associates Grows Nebraska Presence with Expansion into LincolnLee & Associates Grows Northeast Presence with Latest Expansion: Western PennsylvaniaLee & Associates Grows Central California Presence with New Satellite Office in Bakersfield, CALee & Associates Grows Midwest Presence with Kansas City ExpansionLee & Associates Grows Presence in the South with Latest Expansion: Baton Rouge, LALee & Associates Grows Canadian Presence with Latest Expansion: Calgary, AlbertaLee & Associates Nashville, TN Transitions from a Satellite Office to a Freestanding OfficeThe post Lee & Associates Grows North Carolina Presence with Expansion into Charlotte appeared first on Lee & Associates.

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Tampa Bay Expansion Marks the Fifth Lee & Associates Office in Florida October 17, 2023 (TAMPA, FL) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of an office in Tampa Bay, FL. The office will specialize in industrial and office, with plans to strategically recruit teams to grow their capabilities in retail tenant and landlord representation.

The Lee & Associates Tampa Bay team will be led by Julia Silva, SIOR as President. The founding team consists of seven professionals, including industry veterans, Erika Thompson, SIOR and Ed Killmer. In addition to their transactional agents, the team will also include Felicia Saunders leading marketing and operations.

“I am very excited for this noteworthy addition to our already strong Florida presence. The Tampa Bay leadership is best of class, and they are an outstanding cultural fit for our company,” said Jeffrey Rinkov, CEO of Lee & Associates. “This West Coast of Florida market is one of the fastest growing areas in the region and certainly a place where we have ongoing representation opportunities. We look forward to building a robust Tampa Bay footprint with the incredible foundation provided by Julia, Erica, and their team.”

A 30-year industry veteran, Silva specializes in industrial agency and tenant representation. She is a past NAIOP President of Tampa and the State of Florida, a Founding Member and past President of CREW Tampa Bay, a past President of Real Estate Investment Council (REIC), a current board member of ULI Tampa Bay, and a current board member at the University of Florida’s Real Estate Advisory. Prior to joining Lee & Associates, Silva served as a Managing Director at JLL and Cushman & Wakefield. Additionally, she was previously responsible for the leasing and development of both industrial and office properties for some of the largest public and private real estate operators in the country, including Prologis, Duke, and Liberty Property Trust.

“The establishment of the Tampa office affords us the opportunity to adopt a unified and regionally-centered strategy for addressing challenges and assisting our clients in Florida in making critical decisions. Lee & Associates’ strategic expansion into the Tampa Bay market has already proven to be an extension of the profound sense of camaraderie and reciprocal support, not only amongst our Florida-based offices but across the platform throughout North America,” said Silva.

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Lafayette, LA; Lincoln, NE; Western Pennsylvania; Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; and Seattle, WA.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(818) 743-0488
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows North Carolina Presence with Expansion into CharlotteLee & Associates Grows Louisiana Presence with Expansion into LafayetteLee & Associates Grows Nebraska Presence with Expansion into LincolnLee & Associates Grows Northeast Presence with Latest Expansion: Western PennsylvaniaLee & Associates Grows Central California Presence with New Satellite Office in Bakersfield, CALee & Associates Grows Midwest Presence with Kansas City ExpansionLee & Associates Grows Presence in the South with Latest Expansion: Baton Rouge, LALee & Associates Grows Canadian Presence with Latest Expansion: Calgary, AlbertaLee & Associates Nashville, TN Transitions from a Satellite Office to a Freestanding OfficeThe post Lee & Associates Grows Presence in the South with Latest Expansion: Tampa Bay, FL appeared first on Lee & Associates.

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Congratulations to the recipients of Lee & Associates 2023 Lee Summit awards. OFFICE OF THE YEAR AWARD Tier 1: Lee & Associates Ontario Tier 2/3: Lee & Associates Raleigh Durham BILL LEE AWARD John Sharpe, Lee & Associates Illinois CLIF FINCHER AWARD Nick Krakower, Lee & Associates Newport Beach EXCELLENCE IN NETWORKING AWARD Lee & Associates Los Angeles - Long Beach HUMANITARIAN AWARD Lee & Associates Arizona LEADERS OF...

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Left to Right: Evan Scroggs, Clinton Shepard, and Ryan Polito

June 1, 2023 (LAFAYETTE, LA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Lafayette, LA, located in the River Ranch district. The office will specialize in industrial, office, retail, and investment sales, with plans to strategically recruit teams that will grow their capabilities across all commercial real estate asset classes.

Lee & Associates Lafayette will be led by Evan Scroggs, SIOR, CCIM as President. The founding team will consist of Clinton Shepard, CCIM as a Principal and Partner and Ryan Polito as an Associate.

Scroggs, who opened Lee & Associates Baton Rouge in January of this year, brings 13 years of experience in office and industrial sales and leasing and is an active member of the commercial real estate community.

“We’re extremely excited for Clinton to join Lee & Associates as a principal in the company. Clinton is a talented broker that fits in perfectly with the culture we are building. Having him as a leader in our Lafayette office is going to be a real benefit to the company,” said Scroggs. “We felt incorporating the Lafayette market into our territory was critical to providing service and market expertise to our clients that have an interest in doing business along the Interstate 10 corridor.”

Shepard specializes in site selection for national clients, as well as retail and industrial tenant and landlord representation. A West Monroe native, he began his commercial real estate career in 2015 at NAI Latter & Blum, where he earned their "Rookie of the Year" award in his first year. Shepard is actively involved with the Acadiana Realtors Commercial Alliance and CCIM.

“What drew me to opening the first Lee & Associates office in Louisiana earlier this year was the opportunity for ownership, exceptional value and support provided to brokers, and the extensive network Lee & Associates has across North America,” said Scroggs. Shepard continued with that “together we intend to build a brokerage that provides outstanding value and service to our clients by leveraging the national tools and resources provided by the company. This translates to better value and service to clients and creates a culture of collaboration and partnership within the company."

Polito, a native of Franklin, Louisiana, graduated from the University of Louisiana Lafayette in May 2021 with a B.S. in Finance. Having worked with Shepard for the last three years, he brings industry and transactional experience to the Lafayette office. “Ryan is an excellent addition to the company and will play a critical role in building our presence in the Lafayette market,” said Scroggs.

No longer just a hub for oil and gas, the collaboration across the Lafayette local government and private industry has fueled and diversified the local economy and opens opportunity for manufacturing and distribution. Lafayette has been aggressive with economic development and, as a result, has experienced an influx of growth over the last 18-months. Companies such as Amazon, Schlumberger, and Tides Medical have moved to the area or expanded their footprint in this growing market. Lee & Associates sees the opportunity to connect its clients throughout its 75+ offices to this market as many look to capitalize on opportunities in markets that have advantageous economic development policies.

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Lincoln, NE; Western Pennsylvania; Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; and Seattle, WA.

The Lee & Associates Lafayette office will be located at 1700 Kaliste Saloom Road, Suite 301 in Lafayette, LA 70508. To contact Evan Scroggs, please email escroggs@lee-associates.com.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Nebraska Presence with Expansion into LincolnLee & Associates Grows Northeast Presence with Latest Expansion: Western PennsylvaniaLee & Associates Grows Central California Presence with New Satellite Office in Bakersfield, CALee & Associates Grows Midwest Presence with Kansas City ExpansionLee & Associates Grows Presence in the South with Latest Expansion: Baton Rouge, LALee & Associates Grows Canadian Presence with Latest Expansion: Calgary, AlbertaLee & Associates Nashville, TN Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Grows Southern California Presence with Downtown Los Angeles ExpansionLee & Associates Grows Northern California Presence with San Francisco, CA ExpansionThe post Lee & Associates Grows Louisiana Presence with Expansion into Lafayette appeared first on Lee & Associates.

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Left to Right: Daniel Dutton, Daniel Goaley, Boomer Peterson, and Ammar Abu-Hamda

May 4, 2023 (LINCOLN, NE) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Lincoln, Nebraska. The office will specialize in investment and retail, with plans to strategically recruit teams that will grow their capabilities in office and industrial.

The Lee & Associates Lincoln team will be led by Co-Managing Principals Daniel Dutton and Daniel Goaley. The founding team consists of Boomer Peterson as Principal and Ammar Abu-Hamda as an Associate. The Lee & Associates Omaha office will provide resources and assistance to ensure that the new Lincoln location is well-supported.

Dutton, a 20-year industry veteran and Lincoln native, and Goaley, a 26-year industry veteran, founded Lee & Associates Omaha in March of last year. They specialize in retail and investment sales, representing landlords, sellers, tenants, and buyers throughout Nebraska, Iowa, Kansas, Missouri, Oklahoma, North & South Dakota, and Texas.

“With the proximity of Lincoln and Omaha and their importance to the state of Nebraska, we feel strongly that for continued growth, everyone in those communities work together towards that common goal,” said Dutton. “Being born and raised in Lincoln, it is exciting to be able to bring what we do home.”

Peterson joined Lee & Associates Omaha in June of last year. He has been in the industry since 2011 and specializes in net lease investments. Another Lincoln native, Peterson is proud to be a Founding Principal of the new office.

“We were excited to bring a first-of-its-kind broker-owned office to the Omaha market when we opened last year, to offer a new opportunity to brokers, but also a broader reach for our clients,” said Goaley. “We are ecstatic to be able to extend that offering of exceptional client services to the Lincoln market.”

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Western Pennsylvania; Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; and Seattle, WA.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Northeast Presence with Latest Expansion: Western PennsylvaniaLee & Associates Grows Central California Presence with New Satellite Office in Bakersfield, CALee & Associates Grows Midwest Presence with Kansas City ExpansionLee & Associates Grows Presence in the South with Latest Expansion: Baton Rouge, LALee & Associates Grows Canadian Presence with Latest Expansion: Calgary, AlbertaLee & Associates Nashville, TN Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Grows Southern California Presence with Downtown Los Angeles ExpansionLee & Associates Grows Northern California Presence with San Francisco, CA ExpansionLee & Associates Grows Midwest Presence with Omaha, NE ExpansionThe post Lee & Associates Grows Nebraska Presence with Expansion into Lincoln appeared first on Lee & Associates.

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Pittsburgh Expansion Marks the Third Office in the Commonwealth of Pennsylvania April 4, 2023 (PITTSBURGH, PA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of their new Western Pennsylvania office in Pittsburgh. The office will initially specialize in office and industrial leasing and sales, with additional capabilities in debt and equity origination. The office will strategically recruit teams that will expand their capabilities into retail, multifamily, and investment sales, as well as add bandwidth across the board.

Left to Right: Francesco Sergio, Amy Broadhurst, Caroline Muse

The Lee & Associates Western Pennsylvania team will be led by Amy Broadhurst, SIOR, CCIM as President and Principal, and will include Caroline Muse as a Senior Associate and Francesco Sergio as Principal, Debt & Equity Origination.

“Lee & Associates' focus continues to be enhanced client services, and we are always looking for markets that we can expand into to better serve our clients,” said Jeffrey Rinkov, CEO of Lee & Associates. "Our expansion into the Pittsburgh market is an excellent representation of our roadmap for continued growth. We see the region as very strategic, and feel that with Amy we have identified in the right leader to grow our presence.”

Broadhurst, a 15-year CRE industry veteran, brings key leasing and sales capabilities across industrial, flex, and office asset classes, with transactional experience on behalf of both occupiers and owners. A Past President of SIOR’s Western Pennsylvania chapter, she remains active with SIOR as well as multiple non-profits throughout the Pittsburgh region including the Pittsburgh Downtown Partnership, the United Way, Children’s Hospital, Congenital Cardiac Research Collaborative, and Connecting Champions.

“Lee & Associates is exactly what I was looking for; they provide brokers with the unique combination of a rapidly expanding national platform, a flexible operating environment, strong resource set, enviable splits, and an ownership opportunity to boot,” said Broadhurst. "I was impressed with the brokerage talent that Lee & Associates has attracted across North America, their commitment to research excellence, and the deeply rooted entrepreneurial spirit that permeates the organization.”

Operations for the new Western Pennsylvania office will be closely linked to existing operations in the Lee & Associates Eastern Pennsylvania office that was launched in 2015 by Founding Principals John Van Buskirk, SIOR and Brian Knowles, SIOR, CCIM.

“Our vision is a dynamic, statewide enterprise with strong market leaders in each Pennsylvania office, anchored by shared management and back of house resources,” said Van Buskirk. “Under Amy’s leadership we are confident that the Lee & Associates footprint in Pittsburgh will quickly grow and reach its potential.”

Broadhurst will quickly focus on securing office space and begin the process of finding the right support team, noting that “we feel it’s essential that we be in a position to provide brokers with a fast start opportunity. Fortunately, the company is well capitalized and we’re in a position to make those commitments ahead of revenue.”

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; and Seattle, WA.

To contact Amy Broadhurst, please email abroadhurst@lee-associates.com.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Central California Presence with New Satellite Office in Bakersfield, CALee & Associates Grows Midwest Presence with Kansas City ExpansionLee & Associates Grows Presence in the South with Latest Expansion: Baton Rouge, LALee & Associates Grows Canadian Presence with Latest Expansion: Calgary, AlbertaLee & Associates Nashville, TN Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Grows Southern California Presence with Downtown Los Angeles ExpansionLee & Associates Grows Northern California Presence with San Francisco, CA ExpansionLee & Associates Grows Midwest Presence with Omaha, NE ExpansionCommercial Real Estate Visionary and Founder of Lee & Associates, Bill Lee, Dies at the Age of 78The post Lee & Associates Grows Northeast Presence with Latest Expansion: Western Pennsylvania appeared first on Lee & Associates.

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February 23, 2023 (BAKERSFIELD, CA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new satellite office in Central California. The office will specialize in industrial, agricultural land, office, and investment brokerage from Bakersfield to Fresno, with plans to strategically recruit teams that will grow its capabilities throughout the region.

The Lee & Associates Central California team will be led by Chad Brock and Michael Ming. Their team consists of eleven professionals, including Stephen Kritscher, JoAnn Wall, Greg Archer, Nat DiBuduo, Amanda Brock, Vali Nemetz, Janie Gatzman, George Ming, and Emily Ming. Our Lee & Associates Los Angeles North office will provide resources and assistance to ensure that the new Central California office is well-supported during its initial start-up period, until it transitions to a freestanding office.

“Our expansion into the Central California region is an exciting opportunity to service existing clients with their real estate objectives from Bakersfield to Fresno. The founding group of entrepreneurial brokers led by Mike Ming and Chad Brock will allow us to provide service in several asset classes while giving us new capability in the agricultural space,” said Jeffrey Rinkov, CEO of Lee & Associates. "The team brings decades of experience advising landowners and valuing agricultural land. They have an expert-level understanding of mineral rights, water rights, and other elements of agricultural real estate. Lee & Associates' market share and long history around this growing region should provide a foundation for great success.”

Central California is the largest agricultural area in the US by GDP. In addition to being a national leader in the oil and gas sector by gross revenues and output, the Central California region also provides over 50% of the state's renewable energy with an ever-growing logistics and warehousing sector. Home to over 5 million people, this region has the largest population growth projections and development potential in California and maintains the highest level of affordability in the state.

“We’re very excited to establish a Central California office”, said Mike Tingus, President of Lee & Associates Los Angeles North, “as many of our clients have properties within the market and many of our user clients are escaping the tight vacancies in Southern California to take advantage of the great employment base and the diversity and affordability of housing.”

Brock, an 18-year industry veteran, owned and operated his own full-service commercial real estate firm, which was previously the NAI Global office in Central California. Throughout his career, Brock has participated in more than $1 billion in transaction value, and the development and value add repositioning of over 5 million square feet of industrial, office, and retail properties. He has sold over 66,000 acres of land and negotiated lease transactions on over 2 million square feet of commercial property, assisting private and institutional investors, Fortune 500 companies, and small businesses across Central California.

Ming has owned and operated Alliance Ag Services, Inc. since 2002, a full-service Ag brokerage and consulting firm in the southern San Joaquin Valley of California. His team has extensive experience in agricultural, renewable energy, and water banking property transactions. Alliance Ag Services, Inc. has closed transactional value in excess of $1.2 billion. In addition to being a licensed California Real Estate Broker, Ming is a certified general real estate appraiser and is a member of the California Chapter of the American Society of Farm Managers and Rural Appraisers (ASFMRA), Rancheros Vistadores, Kern County Farm Bureau and California Farm Bureau, Water Association of Kern County, California Association of Winegrape Growers, and the California Fresh Fruit Association.

“We’re looking forward to building on the culture that Lee & Associates has established throughout North America. The model is unique in that it provides the best platform to grow and operate a territory and allows access to the larger national market for its clients,” said Brock. Ming added that “Adding our highly trained agricultural and renewable energy services professionals to Lee & Associates is something we’re excited about, as well as engaging with clients and other Lee professionals to offer our Ag knowledge in brokerage, valuation, lending, and management fields on a regional, national, and global level.”

Lee & Associates has established an emphasis on expansion. With the help of John Sharpe, Board of Directors member and expansion chair, new office locations in the last five years include Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; and Seattle, WA.

The Lee & Associates Central California office will be located at 5401 Business Park South, Suite 122 in Bakersfield, California. To contact Chad Brock or Michael Ming, please email cbrock@lee-associates.com or mming@lee-associates.com.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Midwest Presence with Kansas City ExpansionLee & Associates Grows Presence in the South with Latest Expansion: Baton Rouge, LALee & Associates Grows Canadian Presence with Latest Expansion: Calgary, AlbertaLee & Associates Nashville, TN Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Grows Southern California Presence with Downtown Los Angeles ExpansionLee & Associates Grows Northern California Presence with San Francisco, CA ExpansionLee & Associates Grows Midwest Presence with Omaha, NE ExpansionCommercial Real Estate Visionary and Founder of Lee & Associates, Bill Lee, Dies at the Age of 78Lee & Associates Expands Into Nashville, TN with New Satellite OfficeThe post Lee & Associates Grows Central California Presence with New Satellite Office in Bakersfield, CA appeared first on Lee & Associates.

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Kansas City Expansion Marks the Fourth New Lee & Associates Office in Three MonthsJanuary 24, 2023 (KANSAS CITY) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Kansas City. The office will specialize in office landlord representation, with plans to strategically recruit teams that will grow their capabilities in office tenant representation, retail, and industrial.

The Lee & Associates Kansas City team will be led by Brent Roberts, CCIM as President, and will include Max Lapke. In addition to their transactional agents, the team will include an experienced operations and marketing team.

“Our expansion into the Kansas City market is an excellent representation of our roadmap for continued growth. We see Kansas City and the region as being very strategic, and we’ve identified a leading team in the market to provide leadership as we further grow our presence,” said Jeffrey Rinkov, CEO of Lee & Associates. “Brent Roberts and his team have a long history of being entrepreneurial brokers, market leaders, and representing some of the most significant office product in the market. We look forward to supporting Brent and surrounding him with similarly skilled teams in other asset classes, including industrial, retail, and multifamily.”

A 30-year industry veteran, Roberts specializes in class-A office landlord and tenant representation. He will represent the award-winning Corporate Woods Office Park, which consists of over 2 million square feet of office space. Roberts has been named the CCIM Kansas City Chapter’s Home Run Award Winner five times, the top producing office broker by Kansas City Regional Association of Realtors multiple times, including Salesperson of the Year and Broker of the Year. He has also been inducted into the Midwest Real Estate News Hall of Fame.

“The Lee & Associates platform is exactly what I was looking for to take my business to the next level. I have been impressed with the pure brokerage talent that they have attracted across North America and the incredible collaboration that the offices have with each other,” said Roberts. “By joining Lee & Associates, I have access to some of the top brokers in the country and the ability to share best-in-class materials and experience with them. The goal is to raise the bar in the Kansas City commercial real estate community by attracting the best brokers and providing the best services with the Lee & Associates support, experience, and depth of talent.”

Lee & Associates has established an emphasis on expansion. With the help of John Sharpe, Board of Directors member and expansion chair, new office locations in the last five years include Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; and Seattle, WA.

The Lee & Associates Kansas City office will be located at 10880 Benson Drive, Suite 2325 in Overland Park, Kansas. To contact Brent Roberts, please email broberts@lee-associates.com.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Presence in the South with Latest Expansion: Baton Rouge, LALee & Associates Grows Canadian Presence with Latest Expansion: Calgary, AlbertaLee & Associates Nashville, TN Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Grows Southern California Presence with Downtown Los Angeles ExpansionLee & Associates Grows Northern California Presence with San Francisco, CA ExpansionLee & Associates Grows Midwest Presence with Omaha, NE ExpansionCommercial Real Estate Visionary and Founder of Lee & Associates, Bill Lee, Dies at the Age of 78Lee & Associates Expands Into Nashville, TN with New Satellite OfficeLee & Associates Seats Inaugural Seven-Member Advisory GroupThe post Lee & Associates Grows Midwest Presence with Kansas City Expansion appeared first on Lee & Associates.

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January 4, 2023 (BATON ROUGE, LA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Baton Rouge, LA. The office will specialize in industrial, office, land, and retail brokerage, with plans to strategically build a team that will grow their capabilities throughout the southern Louisiana market.

The Lee & Associates Baton Rouge team will be led by Evan Scroggs. During the initial start-up period, the Lee & Associates Houston office will provide resources and assistance to ensure that the new Baton Rouge office is well-supported.

“What drew me to opening the first Lee & Associates office in Louisiana is the exceptional value and support provided to brokers and the extensive network Lee & Associates has across North America in its 70+ offices,” said Scroggs. “This suite of services and back-office support allows brokers to do what they do best, facilitate solutions for clients with complex commercial real estate problems. Ultimately, the value Lee & Associates brings to the broker translates into enhanced and more robust client services.”

Scroggs, formerly a senior advisor with NAI Latter & Blum, brings 13 years of experience in office and industrial sales and leasing and is an active member of the Baton Rouge commercial real estate community. Currently, he serves on the planning and zoning commission for East Baton Rouge parish and has held leadership roles in the Louisiana CCIM Chapter as president and as a member of the board of directors. He has served as the president of the GBRAR CID and served on the board for LACDB. Additionally, Scroggs is the presenter for the Industrial Trends Report at the GBRAR Trends in Real Estate event.

“We are excited about the enhanced capability and increased presence our new office in Baton Rouge brings to Lee & Associates. Evan and his team bring phenomenal market leadership, a strong entrepreneurial spirit, and leading market penetration,” said Jeffrey Rinkov, CEO of Lee & Associates. “The first-class support provided by our Houston office will allow us to aggressively recruit seasoned agents in the market who are attracted to our principal/ownership-led structure.”

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; and Seattle, WA.

The Lee & Associates Baton Rouge office will be located at 5555 Hilton Avenue, Suite 330 in Baton Rouge, LA 70808. To contact Evan Scroggs, please email escroggs@lee-associates.com.

ABOUT LEE & ASSOCIATES
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog.

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MEDIA CONTACTPamela Murphy Indihar
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

RECENT PRESS RELEASESLee & Associates Grows Canadian Presence with Latest Expansion: Calgary, AlbertaLee & Associates Nashville, TN Transitions from a Satellite Office to a Freestanding OfficeLee & Associates Grows Southern California Presence with Downtown Los Angeles ExpansionLee & Associates Grows Northern California Presence with San Francisco, CA ExpansionLee & Associates Grows Midwest Presence with Omaha, NE ExpansionCommercial Real Estate Visionary and Founder of Lee & Associates, Bill Lee, Dies at the Age of 78Lee & Associates Expands Into Nashville, TN with New Satellite OfficeLee & Associates Seats Inaugural Seven-Member Advisory GroupLee & Associates Grows Presence in the South with Latest Expansion: Naples, FloridaThe post Lee & Associates Grows Presence in the South with Latest Expansion: Baton Rouge, LA appeared first on Lee & Associates.

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Calgary Expansion Marks the Third Lee & Associates Office in Canada November 16, 2022 (CALGARY, AB) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of an office in Calgary, Alberta. The office will specialize in industrial, with plans to strategically recruit teams that will grow their capabilities in retail and office. The Lee & Associates Calgary team will be led by Jon C. Mook, SIOR, and...

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November 9, 2022 (NASHVILLE, TN) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today that their Nashville, TN office has transitioned from a satellite office to a freestanding office, granting them access to Lee & Associates unique capital structure benefits. Lee & Associates Nashville is led by Jim Rodrigues, SIOR, who serves as president. Since the satellite office opening in March of last year, the office has executed an aggressive growth strategy. As...

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Bisnow.com Features Lee & Associates New York City's Greg Tannor and Jessica Gerstein After more than a year of build-up, vendor license applications awarded by New York State's Office of Cannabis Management are slated to open at some point in the next 30 to 90 days. As the dawn of NYC's formal cannabis retail market edges closer, aspiring vendors have accelerated their searches for available retail space and are signing lease agreements with a range of different conditions, experts in...

The post With Vendor Applicants Raring To Go, NYC’s Cannabis Leasing Market Hits Breakneck Pace appeared first on Lee & Associates.

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WealthManagement.com Features Lee & Associates New York City's Ben Tapper Rising interest rates, inflation and fears of a recession are starting to change the calculations of how to get the best returns for commercial real estate investors. Should they continue to favor multifamily and industrial assets, which have served them well through the pandemic disruption? Or switch to higher risk, but higher yield investments? It looks like the best approach might be combining the...

The post Rising Interest Rates, Inflation Lead Investors to Reassess Which CRE Assets to Pursue appeared first on Lee & Associates.

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Congratulations to the recipients of Lee & Associates 2022 Lee Summit awards. BILL LEE AWARD Bob Sattler, Lee & Associates Orange CLIF FINCHER AWARD Sean Austin, Lee & Associates Illinois EXCELLENCE IN NETWORKING AWARD Lee & Associates Los Angeles - Long Beach HUMANITARIAN AWARD Lee & Associates Raleigh-Durham Lee & Associates North San Diego County LEADERS OF LEE AWARD Jim Bowles, Lee & Associates Pacific Northwest INNOVATION AWARD Michelle...

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June 6, 2022 (LOS ANGELES, CA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Downtown Los Angeles. The office will specialize in industrial, office, and investment brokerage, with plans to strategically recruit teams that will grow their capabilities in multifamily and retail. Lee & Associates Los Angeles - Downtown will be led by Jack R. Cline, Jr. as President. The team consists of thirteen...

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March 7, 2022 (SAN FRANCISCO, CA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a San Francisco location. The office will specialize in office landlord agency, bio/life science tenant representation, and NNN sales, with plans to strategically recruit teams to grow their multifamily capabilities in the San Francisco and surrounding markets. The Lee & Associates San Francisco team will be led by Jeff Moeller, a...

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March 1, 2022 (OMAHA, NE) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of an office in Omaha, Nebraska. The office will specialize in retail, office, investment sales, and land sales with a focus on the Omaha and Lincoln markets. The Lee & Associates Omaha team will be led by Co-Managing Principals Daniel Dutton and Daniel Goaley. Their team consists of seven brokerage professionals, including Scott...

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OVERVIEW Lee & Associates currently represents Smart Warehousing, a 3PL, in leasing and buying properties for new warehouses Current acquisitions include seventeen (17) warehouses and one (1) office building For more information regarding this case study, please contact: John Sharpe, SIOR, CCIM, LEED-AP D (773) 355-3030 Email // Resume Jon Hitchcock D (913) 888-3222 Email The Client Smart Warehousing is a third-party logistics company based in Kansas City, MO that has become an industry-leading...

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When the pandemic engulfed the world last year, few analysts predicted that the multifamily sector would flourish and thrive so well. Most suspected that the sector would be on life support. Yet, despite a year-long national eviction moratorium, there hasn’t been a better time to be a big apartment-building landlord. Multifamily-property values have increased 13 percent since before the pandemic and more money is being invested now in apartment buildings than in any other type...

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The calculus for which asset classes are likeliest to demonstrate strong growth continues to shift as the pandemic appears to be receding. Patterns in labor shortages, supply chain issues and material costs have managed to solidify through the third quarter of 2021. Lee & Associates’ newly released Q3 2021 North America Market Report dissects third-quarter 2021 industrial, office, retail and multifamily findings, with a focus on where demand is moving and the challenges facing each asset class....

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OVERVIEW 137 Serramonte Center Daly City, CA Class A Retail Building ± 4,500 SF ± 0.52 Acre Site 100% Leased by Verizon Wireless Seller: Petrolink, Inc. Buyer: Pacific Royale, LP For more information regarding this case study, please contact: Jonathan Selznick D (949) 734-0243 Email // Resume The Client Platinum Energy is a privately-owned company based in Agoura Hills, CA. Platinum’s Founder and CEO, David Delrahim emigrated from Iran in 1979 with a dream...

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OVERVIEW Five (5) Industrial Buildings in San Diego County, CA ± 475,000 SF in Five (5) Buildings Buyer Representation Total Sale Value: $80,000,000 For more information regarding this case study, please contact: Greg Pieratt, SIOR D (949) 734-0243 Email // Resume The Client Elion Partners is an east coast private investment firm based in Miami. The company has managed more than $2.0 billion in real estate assets since its founding in 2010. Additionally, over the...

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Industrial real estate in Southern California has become what one might conservatively call a “fast-paced atmosphere.” The presence of multiple offers, sellers pushing up values and buyers continuing to chase deals have made for constantly increasing values and activity. Christopher J. Destino, SIOR, principal at Lee & Associates, spoke to REBusinessOnline about making strategic decisions in this unusual environment. REBusiness: What is the forecast for demand in industrial properties in Southern California? Destino: The future of demand in...

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There has been much anecdotal discussion lately of Californians fleeing high-cost, high-density, high-traffic living for greener pastures, especially as COVID-19 made working from home a possibility for California’s high-tech workforce. This trend is not just a rumor for the residents of Idaho. Idaho is the second-fastest growing state in the nation[1], and Californians make up nearly 46 percent[2] of a new population influx that the state has experienced over the past five years. What is driving...

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A turbulent 2020 only made the office market stronger, and it’s taking the renewed fortitude and versatility into a recovery of increasing opportunity. CHICAGO — The office market weathered a pandemic-fueled revolution last year, but both owners and tenants responded with impressive adaptability and endurance. Those things bode quite well for the sector’s recovery, according to Tony Russo and Ryan Freed, respectively SVP and VP at Lee & Associates of Illinois. The two discussed the office market outlook to start the second quarter of 2021.

“A major positive was how quickly many companies were able to react to the pandemic and get people to work from home to keep productivity going,” Russo said. “I think that was fantastic on most fronts. We’ll see more and more companies bringing employees back into the office mid- to late second quarter and definitely by third quarter.”

Unlike the last downturn, many office owners and landlords were able to withstand late payments and rent relief provisions in 2020, Freed noted. That was despite the additional expenses required to retrofit properties with anti-viral tools and technology.

“Owners were not only having to provide additional relief on multiple fronts, they were also getting hit with higher taxes in some places, but they still were able to hold onto their buildings,” Freed said. “It was good to see the landlords stay strong and still provide all those anti-COVID protective measures at the same time.”

The two note that disruption also opens up new opportunities. Tenants right-sizing their spaces for the long-term means a big chance for owners and investors to bring office product up to date and add the fresh amenities that occupants desire. And low interest rates incentivize the trading and upgrading of office assets.

“These landlords and investors will have to figure out how to make everyone feel comfortable when they do come back into the workplace,” Russo said. “In addition to hybrid work models, more tenants are leaning towards more of the private office setup versus the open concept and hot-desking that we’ve seen in recent years.”

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ABOUT LEE & ASSOCIATES

Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog.

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April 6, 2021 (LOS ANGELES, CA) – It is with sadness that Lee & Associates announces that company founder, Bill Lee, passed away after a long battle with cancer and cancer-related complications last night. He was 78 years old.

Bill Lee founded Lee & Associates Commercial Real Estate Services in 1979 in Orange County, CA. The company now has 65 locations across North America and employs over 1,300 people, with a year-end consideration value of over $14B in 2020.

"I revisited all of the reasons I started the company, and I realized that I did it because the future was more valuable to me than the present," said Lee in a 2019 interview with current Lee & Associates CEO, Jeffrey Rinkov.

Bill set up the Lee & Associates model in a revolutionary way that has perpetuated the company's growth, each office has a vested interest in the other offices. One of the key elements is that agents at Lee & Associates have the ability to make an investment into the growth of the company. Culturally speaking, how the offices are tied together because of the co-investment has cultivated a legacy of collaboration that still permeates the organization today.

He strategically designed capital at Lee & Associates to operate in smaller components to allow the company capital to operate more efficiently than other existing methods at the time, and allow agents the opportunity to maximize their deals in terms of commission dollars.

"I am deeply saddened by the loss of our visionary founder, friend, and long-time leader. On this difficult day, I stand in tremendous appreciation with the thousands of real estate professionals and their families that have been so positively impacted by the company Bill created and the unique structure that has served us for 41+ years. Bill fostered and maintained incredibly close personal and business relationships with Lee & Associates professionals, including his abundant support in our efforts to continue the growth of our company in his entrepreneurial vision. Bill’s passing will be felt throughout Lee & Associates and the greater commercial real estate industry. On behalf of all of our team members, I extend my deepest condolences to Bill’s family and friends," said Rinkov.

Notably, Bill Lee represented some of the largest companies in the world. He was a market-leader in the industry and earned his SIOR designation in 1977. Outside of his commercial real estate career, Bill was a published author and coached youth basketball. In recent years, Bill in his spare time became an avid gardener who grew all of his own fruits and vegetables for a restaurant and inn he owned. He enjoyed spending time with his family. Lee is survived by his four children, Robb, John, Ryan, and Katie, and nine grandchildren.

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ABOUT LEE & ASSOCIATES

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MEDIA CONTACT Pamela Murphy

Lee & Associates

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pmurphy@lee-associates.com

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