Raleigh, NC – August 5, 2024 – Lee & Associates Raleigh Durham is proud to announce the hiring of Dan McCloy as the latest addition to its brokerage team. McCloy is a distinguished commercial real estate professional focusing on flex and industrial services for landlords and businesses. He also works with office and land assets. McCloy brings two decades of experience in commercial real estate. His extensive background in brokerage, along with his understanding of…
Zebulon Pleased That Industrial/Production Jobs Stay | Lee & Associates’ $7.6M Industrial Sale
March 11, 2024 Lee & Associates represented the owner in the $7,618,000 sale of 148,000 SF industrial Zebulon property, 4 buildings on ±10.67 acres located at 400 E Gannon Avenue. Zebulon is pleased that industrial/production jobs are staying, with the new use of the building. The seller, Jeff Rosenstock, stated: “I am extremely pleased with Ryan Lawler and the entire team at Lee & Associates. I would highly recommend Ryan as he understands the market…
Lee & Associates Grows North Carolina Presence with Expansion into Charlotte
Charlotte, N.C., March 4, 2024 – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new satellite office in Charlotte, North Carolina. The office will specialize in industrial and office landlord and tenant representation, with plans to strategically recruit teams to grow their capabilities in land, retail, multifamily, and investment sales. The Lee & Associates Charlotte team will be led by Greg Pieratt, SIOR as President….
Mercalis, Inc. (formerly TrialCard) signs Corporate HQ Lease at Perimeter Park
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…