Lee & Associates Washington, DC Transitions From a Satellite Office to a Freestanding Office
May 19, 2020 (WASHINGTON, DC) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today that their Washington, DC office has transitioned from a satellite office to a freestanding office, granting them access to Lee & associates unique capital structure benefits.
Lee & Associates Washington, DC is led by Josh Simon, who opened the satellite office in July of last year. Since the opening ten months ago, his office has executed an aggressive growth strategy. Their team has grown from two brokerage professionals to five, and they are actively recruiting professionals in the following disciplines: capital markets, investment sales, office tenant representation, industrial, and retail.
"We've been thrilled with our affiliation with Lee & Associates and have found the platform and collaboration between offices far stronger than we ever could have imagined. During times of market disruption, we typically see a significant migration of Brokers as folks tend to evaluate what platform serves them best for the long term. We expect to add several Brokers and Teams as the other large firms cut costs and services, and possibly make commission splits less equitable,” said Simon, “We are fortunate to be very well capitalized with the tools and resources in place and are speaking with a number of agents currently. Our goal and expectations are to secure our headquarter space in downtown DC later this year, with plans to open a Northern Virginia satellite location in 2021-2022."
The structure of Lee & Associates is unique in that it is entirely debt-free. The capital deployed during the opening of new offices is raised in advance by Lee & Associates principals across North America.
"Our entry to DC, a key market for Lee & Associates, could not have better leadership. Josh Simon, his team, and their entrepreneurial approach to client service are a very exciting example of our focus on East Coast expansion and a tremendous addition to our team," said Lee & Associates CEO, Jeff Rinkov.
Lee & Associates has established an emphasis on expansion over the last five years; new office locations include Boston, MA; Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; Seattle, WA; Walnut Creek, CA; Vancouver, BC; Minneapolis, MN; Pasadena, CA; Lehigh Valley, PA; Columbus, OH; and Houston, TX.
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.