Greenville, SC – September 2024: Lee Property Services, a premier commercial property management company serving the Upstate region announces the retirement of David Hart after 16 years of dedicated service as Facilities Technician. David has been an integral part of the company’s success, and his expertise and commitment to excellence have left an indelible mark on our organization. As we bid David a fond farewell, we are excited to welcome Shannon Fish as his successor….
Lee Property Services Announces Retirement of Long-Serving Facilities Technician David Hart and Welcomes Shannon Fish as His Successor
The Importance of Preventative Maintenance in Commercial Properties
At Lee Property Services (LPS), we believe that preventative maintenance is the cornerstone of effective commercial property management. It’s not just about fixing things when they break; it’s about anticipating issues before they become costly problems. Here’s why regular maintenance is a game-changer for our property owners. Protect Your Investment Commercial properties are significant investments, and like any investment, they require care and attention to maintain their value. Preventative maintenance ensures that the property remains…
Lee & Associates Greenville/Spartanburg Welcomes Three New Brokers to Its Growing Team
Lee & Associates Greenville/Spartanburg is excited to announce the addition of three talented brokers to our expanding team. Ellis McNeely, Jeremy McPeters, and Frank Phillips bring a wealth of experience, diverse backgrounds, and a shared commitment to providing exceptional service to our clients across the Upstate of South Carolina. ELLIS MCNEELY Ellis McNeely joins us as a Commercial Real Estate Broker with an impressive 12 years of experience in sales and project management, spanning the…
Understanding Taxes, Insurance, and Common Area Maintenance (TICAM) Fees in Commercial Real Estate
Leasing commercial real estate can feel like diving into a world of financial jargon and detailed agreements. Among the most important components to grasp are Taxes & Insurance (T.I.) and Common Area Maintenance (CAM) fees. These elements can significantly impact your budget, so understanding them is crucial for both tenants and landlords. Let’s explore these fees in more detail, breaking down what they mean, how they are calculated, and why they matter. Taxes and Insurance…
Lee & Associates Greenville/Spartanburg Welcomes Steve Day as Chief Operating Officer and Director of Property Management
Greenville/Spartanburg, SC – Lee & Associates Greenville/Spartanburg is excited to announce the appointment of Steve Day as the new Chief Operating Officer (COO) and Director of Property Management for Lee Property Services. Steve brings a wealth of experience and a proven track record in organizational leadership and operational management, making him a valuable addition to our team. Steve Day holds a Bachelor of Arts from the University of North Carolina at Chapel Hill and a…
Understanding Industrial Capitalization Rates: A Comprehensive Analysis for Investors
In the dynamic world of real estate investing, understanding capitalization rates is crucial for making informed decisions. The recently released investor survey provides a comprehensive look at the capitalization rates for industrial properties from 2020 to 2024, across three asset classes: Class A, Class B, and Class C. This data is vital for investors looking to navigate the complexities of the industrial real estate market. The Importance of Capitalization Rates Capitalization rate, commonly referred…
Lee & Associates Announces the Successful Sale of a Key Logistics Facility in Spartanburg, SC
Spartanburg, SC – Lee & Associates, a leader in commercial real estate services throughout North America, proudly announces the completed off-market sale of 150 Access Road, Spartanburg, SC, a premium Truck Terminal, and Service Facility. This transaction underscores the vitality of the Spartanburg region as a major hub in the industrial and logistics sectors. The property, sold by CF&K, LLC to K2 Property Acquisitions, LLC, comprises a 25,000-square-foot cross-dock truck terminal situated on a sprawling…
Lee & Associates Greenville/Spartanburg Secures Prime Downtown Greenville Location for Sodoma Law
(GREENVILLE, SC) – Lee & Associates Greenville/Spartanburg, a premier provider of commercial real estate services across the Upstate, is proud to announce the leasing of a notable office space at 101 W Court Street, Suite A, to Sodoma Law for their Sodoma Law Greenville office. The transaction was expertly navigated by Darath Mackie, Vice President, and Randall Bentley, Managing Principal/President. Sodoma Law, a dynamic law firm known for its robust advocacy and compassionate legal services,…
Exploring the Evolving Office Space Market in Greenville: New Developments and Transformations
Let’s dive into what’s making Greenville a buzzworthy spot on the commercial real estate map these days. It’s not just about the buildings; it’s the energy and forward momentum that are truly transforming the landscape. From revamped old spaces to brand-new developments, there’s something magnetic happening here. Take a moment to picture this: new office buildings with glass facades reflecting the South Carolina sun, bustling cafes filled with entrepreneurs pitching ideas, and community spaces where…