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
Next Generation Honoree: Lee & Associates’ Reed Vestal is Tenacious, Driven and Dedicated 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…
Lee & Associates Expands into Spartanburg, SC
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 owners/users and development projects. Adam has…
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 Two 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…
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…