News

May 13, 2024 (Atlanta, Georgia) – Lee & Associates – Atlanta proudly announces a strong 2023 and a triumphant start to 2024. With a transaction volume of more than $1.42 billion spanning over 12 million square feet, 2023 was one of the firm’s best years yet. Thus far, 2024 has been marked by numerous accolades, strategic promotions, and dynamic team expansions in the Atlanta office. Awards & Recognitions Lee & Associates – Atlanta has further…

April 25, 2024 (Atlanta, Georgia): Lee & Associates – Atlanta is proud to announce that our very own Joseph Mullican, SIOR and Mark Thomas represented both sides of an off-market sale transaction. Joseph represented the seller, Warehouse One-Lawrenceville, LLC & Warehouse One-Pike, LLC, and Mark represented the buyer, Oakhurst Capital Partners, LLC. The portfolio includes 6 individual industrial warehouses located at 485 Buford Drive and 360 West Pike Street | Lawrenceville, GA. The total square…

Available sublease space experienced a slight uptick in April, increasing by 143,000+ SF. This marked the first increase in five months, albeit nominal. The April increase was primarily driven by BrandsMart USA listing their 451,200 SF building at 3100 Southpark Blvd in South Atlanta for sublease.  All other newly added sublet availabilities for the month were below 100,000 SF, with an average of 54,760 SF per availability. This marks a 53% decrease from April 2023,…

We are excited to announce an important update at Lee & Associates—Atlanta: our Research Associate Program has been renamed the Junior Associate Program. This new title better reflects the comprehensive nature of the training and the goals of the program. The Junior Associate Program is a ±12-month immersion into the world of commercial real estate. Participants gain hands-on experience in various facets of the industry, from conducting market studies and reviewing contracts to engaging in…

Year over year, Savannah’s industrial sector has seen an influx of 27 million square feet of new inventory, leading to an increase in industrial vacancies. Nevertheless, the total leasing volume in Savannah has shown a consistent upward trend since 2018, fueled by the expansion of e-commerce and the flourishing activity at the Port of Savannah. Currently, there is 12,605,640 square feet under construction, 15% of which is already committed. Despite national uncertainties, ongoing investments in…

Sublease space declined again for the 4th month in a row and is down to 10,133,437 SF, close to what it was back in October 2023.  Significant subleases removed in March include XPO/GXO Logistics’ 907,675 SF sublease at 1625 Oakley Industrial Blvd. in South Atlanta and Walcut’s 247,520 SF sublease at 1720 Peachtree Industrial Blvd. in Northeast Atlanta.   A notable trend is emerging as companies like GXO and Amazon, which collectively had over 2 million…

Lee & Associates – Atlanta is thrilled to announce the well-deserved promotion of Mark Thomas to the role of Principal. With a robust track record of facilitating on and off-market investment sales, Mark has consistently demonstrated an unparalleled ability to navigate the intricacies of complex transactions. His expertise extends across a diverse portfolio, where his insightful analysis and market knowledge have led to significant deals that contribute substantially to our firm’s success.