Strong housing demand fuels $18 million sale of Raleigh area property
RALEIGH, N.C., June 24, 2021 – Lee & Associates Raleigh-Durham, the regional office of the national commercial real estate firm Lee & Associates, announced today that its Land Team has completed the $18 million sale of a 290.27-acre, nine-parcel land assemblage in Garner. The sellers were represented by Lee & Associates Raleigh-Durham, led by Vice President Russell Stewart, J.D.. CEO & Principal Moss Withers, SIOR, MBA also supported the sale. “I have really enjoyed working…
Lee & Associates Raleigh-Durham client expands mission and footprint in Downtown Raleigh
June 15, 2021 (Raleigh, NC) – Designed For Joy, a Raleigh-based non-profit, is expanding to a 5,000-square-foot flagship design studio at 517-A West Cabarrus Street in Downtown Raleigh. The organization was represented by Christina Coffey, Vice President at Lee & Associates Raleigh-Durham. Designed For Joy helps secure transitional work experience for women emerging from trafficking, homelessness, time in prison, overcoming addiction, and other vulnerable situations. The non-profit provides living wage work hours and helps women…
What to Expect from the U.S. Industrial Sector for the Remainder of 2021
Whereas the trajectories of other commercial real estate sectors have experienced significant periods of decline, or have been topsy turvy, the story of industrial real estate has been one of success and triumph. Even during 2020, one of the most challenging years for the global economy on record, industrial real estate has not merely survived, it has excelled and thrived. These trends will continue throughout the remainder of 2021 and beyond. This report will analyze…
Property Closings – April 2021
Closed Transactions for April 2021 Sales 130 W. Holly Springs Rd., Holly Springs, NC: Retail investment sale totaling 18,012 SF. Moss Withers, SIOR, MBA, CEO & Principal, Karah Jennings McConnell, Principal & Executive Vice President, and Cole Pennell, Broker represented both the buyer and seller in the transaction. 941 Wendell Falls Parkway, Wendell, NC: Land totaling 14.307 acres. Moss Withers, SIOR, MBA, CEO & Principal, and Karah Jennings McConnell, Principal & Executive Vice President, represented…
Lee & Associates Adds High-Profile Communications Director
LEE & ASSOCIATES ADDS HIGH-PROFILE COMMUNICATIONS DIRECTOR Alyssa Byrd joins as Director of Marketing and Communications May 24, 2021 (Raleigh, NC) – Lee & Associates Raleigh Durham, the regional office of the nationwide leader in commercial real estate services, announced today Alyssa Byrd has joined the firm as Director of Marketing and Communications. Alyssa will primarily focus on supporting communication efforts for Lee & Associates along with the firm’s Land, Multifamily and Entitlements teams….
Q1 2021 Economic Reports
GDP GROWTH: TRENDING IN Q1 2021 Flush with hundreds of billions of federal stimulus dollars, consumers delivered a positive jolt to the U.S. economy in the first quarter as the Commerce Department reported that GDP came in at a 6.4% seasonal adjusted annual rate. “This signals the economy is off and running and it will be a boom-like year,” said Mark Zandi, chief economist at Moody’s Analytics. “Obviously, the American consumer is powering the train…
Commercial real estate firm taps downtown Cary for new offices plus retail space
By Caleb Harshberger – Staff Writer, Triangle Business Journal April 23, 2021 Commercial real estate brokerage firm Lee & Associates has plans for a new regional headquarters in downtown Cary, with designs calling for three stories of mixed-use space. Earlier this month, the company filed its first set of site plans for the project, which show 21,000 square feet of space including two stories of offices over ground-floor retail. The project is situated on 0.6…
Closed Transactions for March 2021 Sales 180 Foy Dr., Rocky Mount, NC: Retail investment property totaling 8,596 SF on 0.98 acres. Jake Plotkin, CCIM, Vice President, represented the seller in the transaction. 720 W. Jones St., Raleigh, NC: Office space totaling 2,700 SF. Brian Farmer, Managing Director & Vice President, represented the seller in the transaction. 120 Aversboro Rd., Garner, NC: Retail space totaling 3,582 SF on 064 acres. James Bailey, J.D., Broker, and Jake…