Media Center

Last-Mile Access to Customers Drives Distribution Center Conversions

August 20, 2019 (NEW YORK, NY) – E-commerce has been driving demand for industrial real estate for several years, but steadily increasing online sales coupled with growing consumer expectations for speedier delivery continues to put pressure on merchants to bridge the last mile to their customers. Considering that these projects are located in densely populated areas where land and available product are typically scarce, developers are increasingly converting obsolete warehouse and other properties into fulfillment centers….

Lee & Associates’ Reed Vestal Named 2019 Connect Media Next Generation Award Recipient

August 15, 2019 (HOUSTON, TX) – Reed Vestal, principal and partner with Lee & Associates — Houston, focuses on industrial, land and investment brokerage. He also manages the office by devising and executing business strategy. And, his hard work on behalf of clients, as well as dedication and tenacity, make him one of the youngest brokers to be named principal in the Houston office, and partner through the Lee & Associates national network. “Throughout his time…

Lee & Associates Expands into Spartanburg, SC

Adam D. Padgett, SIOR Jordan Skellie July 24, 2019 (SPARTANBURG, SC) – Lee & Associates Greenville is pleased to announce that Adam D. Padgett, SIOR and Jordan Skellie will be joining our team with the opening of our new satellite office in Spartanburg, South Carolina.  Adam D. Padgett, SIOR will be joining our team as Executive Vice President / Principal and will be managing our Spartanburg office. He will be focusing his time on representing industrial…

Lee & Associates Expands into Washington, D.C.

LEE & ASSOCIATES SELECTS JOSH SIMON, SIOR, AS PRESIDENT OF NEW WASHINGTON, D.C./NORTHERN VIRGINIA REGIONAL OFFICE The former NAI KLNB Partner and Pierce Kruetzer will focus on office landlord and tenant representation, retail and industrial leasing, debt services and investment sales   July 16, 2019 (WASHINGTON, D.C.) – Lee & Associates, the largest broker-owned commercial real estate firm in North America with more than 60 full-time offices, has named Josh Simon, SIOR, as President of its new…

GlobeSt.com Names 2 Lee Principal’s as Women of Influence

GlobeSt.com has released their annual Women of Influence issue. This is the 26th year that they have covered the achievements of women in commercial real estate. Included are accounts of developments and deals and huge client wins as there are every year. In recent years, including this one, a change is in the air. The deals are getting bigger, the wins more numerous. Indeed, the number of women being recognized for their accomplishments is growing larger by the…

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

May 16, 2019 (NEW YORK, NY) – “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 the bricks-to-click trend growing in both regions, and little wonder. A rising amount of online retailers are starting to follow the Amazon model, recognizing that a physical…