February 8, 2024 Mercalis, Inc. (formerly TrialCard) signs Corporate Headquarters Lease at Perimeter Park, Morrisville, North Carolina Through 2033 Lee & Associates Raleigh-Durham, the second largest CRE brokerage company in the Triangle, is pleased to announce the successful completion of one of the most significant office leases in the Triangle area for the year. Mercalis, Inc. (formerly TrialCard) has extended its corporate headquarters lease at 2250 Perimeter Park Drive through 2033. Marlene Spritzer and Brian…
Lee & Associates Raleigh-Durham HQ Nominated for Costar Impact Award
February 8, 2024 Downtown Cary is flourishing with new breweries, restaurants, offices, apartments, and a new seven-acre Downtown Cary Park. The Lee, a 21,000 SF, 3-story office building, located in the heart of downtown Cary, completed in July 2023, with Lee & Associates Raleigh-Durham headquarters as the major tenant. A new Towne Bank branch will open in the first floor in 2024. The Lee, located across from the Downtown Cary Park and the Cary Library,…
Lee & Associates Welcomes Ted Boyd as President to Lead Growth in Raleigh-Durham
Lee & Associates Welcomes Ted Boyd as President to Lead Growth in Raleigh-Durham (Yvonne Christy recently named Director of Research for the Triangle office) Raleigh-Durham, N.C., Jan. 17, 2024 – Lee & Associates Raleigh-Durham, the second largest CRE brokerage company in the Triangle, proudly announces the hiring of Ted Boyd as its President. Boyd will begin his new role on February 1, 2024, marking a strategic move to continue the firm’s growth in the Raleigh-Durham…
Quarterly Office Demand Falls in Raleigh
Quarterly Office Demand Falls in Raleigh After Showing Signs of Rebound Fewer and Smaller Deals Are Getting Done Compared to Previous Years Costar Nick Leverett November 27, 2023 Demand for office space in Raleigh, North Carolina, has dropped sharply after experiencing modest increases in the previous three quarters as fewer, and smaller, deals are getting done. Office leasing volume was just under 620,000 square feet in the third quarter, according to CoStar data. That is…
Table of Experts: Industrial developers
Industrial development and investment sales are simmering down after an explosive period driven by COVID supply chain challenges Triangle Business Journal November 24, 2023 COVID had a profound impact on industrial development in 2020 and 2021 as consumers shifted to shopping online and retailers scrambled to meet demand. Logistics partners re-designed supply chains to more efficiently serve customers, driving demand for more industrial and logistics space. In the Triangle, rents grew as much as…
Cole Pennell Earns Prestigious CCIM Designation
Raleigh, NC – November 2, 2023 — Lee & Associates Raleigh-Durham is proud to announce that Cole Pennell has recently earned the Certified Commercial Investment Member (CCIM) designation. The CCIM designation is recognized globally as a top achievement in the commercial real estate profession, signifying a high level of expertise, professionalism, and high-quality service to clients. Cole received his CCIM designation after successfully completing rigorous graduate-level coursework, passing a comprehensive exam, and demonstrating a record…
Mixed-Use Developments and Manufacturing Plants Transform North Carolina’s Chatham County
By Nick Leverett CoStar October 19, 2023 As the population grows and new jobs are created in Chatham County, North Carolina, developers are racing to deliver new retail, housing and amenities for the area’s current and future residents. Chatham County is located southwest of Raleigh and Durham and has a population of almost 80,000 people. Although it is less populous than the Research Triangle’s core counties of Wake County, Durham County and Orange County, Chatham…
Randy Bossé Joins Lee & Associates Raleigh-Durham
Raleigh, NC – September 20, 2023 – Lee & Associates Raleigh-Durham is pleased to announce that Randy Bossé has joined the firm as a Senior Director. In his new role, Bossé will focus on new business development and working with the firm’s retail team. Bossé is a seasoned real estate professional with more than 40 years of experience. In addition to being a Partner at 1st Carolina Properties, Bossé was a co-developer of Park West…
Russell Stewart Named Connect CRE 2023 Next Gen Award Winner
RALEIGH, NC – June 20, 2023 – Lee & Associates Raleigh-Durham is proud to announce that Russell Stewart, SIOR, JD, was selected as a winner of the Connect CRE 2023 Next Gen Award. Connect CRE, a leading commercial real estate news and networking platform, received over 500 submissions for this award from across the United States. The award recognizes the most talented young professionals in commercial real estate and featured a highly competitive field of…
Former NFL Quarterback Mike Glennon Joins Lee & Associates Raleigh-Durham as Broker
RALEIGH, NC – May 24, 2023 – Lee & Associates Raleigh-Durham is pleased to announce former NFL quarterback and North Carolina State University alumnus Mike Glennon is joining the firm as a broker. Glennon will specialize in land and investment real estate, leveraging his unique skillset, extensive knowledge of the Triangle region, and strong relationships to provide exceptional service. Glennon is a well-known figure in the Triangle region, having played football for NC State along…