Media Center

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

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. 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…

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…

3 Reasons Why Columbus, Ohio is the Retail Test Market Hub of the US

Written by Todd Spencer, Lee & Associates Columbus   Have you ever wondered how your favorite retailer or restaurant found the perfect new item for their store or menu? The truth is they probably released a handful of items in a test market before they ever rolled out that product to you. There are many different factors companies consider when testing products, two of the most important being where they test the product and who…

The Fitness Trend: Getting Real Estate In Shape

Former professional soccer player Justin Myers now a partner at Lee & Associates NYC explains how fitness is growing in importance in real estate including with the office sector. February 12, 2019 (NEW YORK, NY) —One doesn’t have to be a real estate expert to have noticed the fitness trend that has taken New York City, and the nation, by storm. In addition to the big box gyms that have always existed as well as…