Media Center

Complexities of Cold Storage Keep Supply Low as Demand Rises

With a booming tourism sector and a growing population overall, South Florida is an especially strong marketplace for cold storage warehouse space. It’s also a vantage point from which Lee & Associates South Florida’s President, Matthew Rotolante, a cold storage specialist, can provide insights into why demand in the sector is growing but supply is not. Q: We’ve been hearing that demand for refrigerated warehouse space is on the rise. Is supply keeping up with…

MonthLEE Featured Transactions: May 2019

Lee & Associates of Illinois Negotiated a Long-Term Lease on a 308K SF Industrial Building in Addison, IL (Addison, IL) -Lee & Associates of Illinois closed a long-term lease renewal and expansion for a 308,782-square-foot industrial space located at 880 S. Rohlwing Road in Addison, Ill.  The tenant, Ferguson Enterprises, is renewing their lease on 260,099 SF and expanding into an additional 48,683 SF. Jeff Janda, SIOR, Jeff Galante, and Tim McCahill, Principals of Lee & Associates’ Illinois office, represented the owner, BREIT Industrial Canyon,…

Lee’s Tale of Not Two, but Three Cities

The retail transformation is alive and well on both coasts. So say Lee & Associates brokers from L.A., Charleston and Manhattan. Of course, there are major differences, allowing for size and local market culture, as Lee & Associates brokers explain. How are Charleston, L.A. and New York City alike? Well, two out of three ain’t bad. For the former two metros, they’re alike in more ways than you would think, allowing of course for local…

Bricks to Clicks: Online Stores Get Real

Take an online concept, add some brick and mortar and a pinch of Wow Factor, and before long you have a successful format. So say the brokers of Lee & Associates. “Many online retailers that started opening brick-and-mortar stores have seen anywhere from a 30 to 40% increase in sales.” So says Rick Scardino, a principal in the Chicago office of Lee & Associates. He and his Temecula, CA-based colleague, SVP Brian Bielatowicz, are seeing…

Lee & Associates – Atlanta Completes Acquisition & Disposition of Industrial Warehouses

 Industrial Warehouse in Tucker, Georgia Acquisition & Disposition Acquisition Details 4919 North Royal, Tucker, GA ± 80,860 SF Sales Price: $4,335,000 ($53.61 PSF) Deposition Details 2527 Commerce Place, Tucker, GA ± 55,505 SF Sales Price: $3,333,333 ($60.05 PSF) “These two acquisition-disposition transactions in a submarket with few industrial options had the potential to be a complicated relocation project. But the persistent efforts of the Lee & Associates brokerage team made facility selection, negotiations, and ultimate…

Lee & Associates Expands Into Ontario With Second Canadian Office

April 30, 2019 (TORONTO, ON, CANADA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of its first office in Ontario, Canada. Lee & Associates Toronto will be headed by Mark Cascagnette, SIOR, and is the firm’s second office in Canada. “Our focus continues to be enhanced client services in North America, and we are always looking for markets that we can expand into to better serve…

Lee & Associates NYC Rebrands Sierra Project Management & Development Arms to Lee Name

Lee & Associates NYC’s property management and project management arms—Sierra Real Estate and Sierra Development—will now all share the Lee & Associates name. The companies will rebrand to become Lee & Associates Management and Lee & Associates Development in an effort to capitalize on the Lee name Lee & Associates NYC leadership feels it built on the brokerage side in New York City, said Peter Braus, the managing principal at Lee. After undergoing a significant expansion…

Congratulations to our Power Broker Award Winners!

Every year CoStar Power Broker Awards celebrates the top CRE firms and brokers like you in the United States and Canada. Over the past 19 years, CoStar has recognized the industry leaders for their success in the commercial real estate market. Lee & Associates is proud to be named in markets across the country in every category! https://costarpowerbrokers.com/power-broker-award-winners/ Top Leasing Firms Atlanta Charleston Chicago Dallas/Ft. Worth East Bay/Oakland Houston Inland Empire Los Angeles New York City…

MonthLEE Featured Transactions: February 2019

Lee & Associates Illinois Negotiates 134,852 SF Industrial Lease in Bedford Park (Bedford Park, IL) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, has closed a lease transaction for a 134,852-square-foot industrial space located at 5025 W. 73rd Street, Suite A in Bedford Park, Ill. Jeff Janda, SIOR and Brian Vanosky, Principals of Lee & Associates’ Illinois office, represented the owner, GLP. Pete Roberson, Scott Brandwein and Jake Ehrenberg…