News

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…

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…

Raleigh, NC – June 19, 2023 – Lee & Associates Raleigh-Durham, a leading commercial brokerage firm in Raleigh, is proud to announce its recognition as Office of the Year within the Lee & Associates network. This prestigious accolade, which recognizes Raleigh-Durham as the top office within its market division, was presented at the annual Lee Summit conference held in Las Vegas on June 13, 2023. The Office of the Year award reflects Lee & Associates…

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…

  Downtowncarync.org March 30, 2023 Upgrades, construction, history homes being moved down the street, and much more. Needless-to-say, it’s a buzz of activity in Downtown Cary these days. A lot of attention, and rightfully so, it paid to the up-fit for the new downtown park, but perhaps you noticed a new building going in across the corner from the park and the library. What used to be an older farm-style house is now the forever home…

By Kayli Thompson Staff Writer, Triangle Business Journal Feb 9, 2023 An e-learning company with regional headquarters in Morrisville is expanding its local office space to accommodate growth. IXL Learning of California has its East Coast headquarters at Perimeter Park in Morrisville. The company has added 22,544 square feet of space on the first floor at 1600 Perimeter Park Drive, bringing IXL’s total square footage to 67,780 on the first, third and fourth floors. Company…

GDP GROWTH The U.S. economy expanded at a solid annual rate of 2.9% in the fourth quarter of 2022, down from 3.2% at the end of Q3, according to the Commerce Department’s Bureau of Economic Analysis. Fourth-quarter growth was more than expected and capped a year of economic slowing that reflects a return to a more normal pace of growth. Nevertheless, concern continues that growth may turn negative in 2023. The increase in real GDP…

LEASES ADDRESS CITY, STATE TYPE REPRESENTATION ACRES/SF BROKER(S) 3115 Sam Wilson Rd Charlotte, NC Industrial Tenant 148,654 Moss Withers Karah Jennings McConnell 4915 Waters Edge Dr Raleigh, NC Office Landlord 390 Moss Withers Karah Jennings McConnell 4917 Waters Edge Dr Raleigh, NC Office Landlord 666 Moss Withers Karah Jennings McConnell 547 Keisler Dr Cary, NC Office Landlord 1,500 Stone Alexander 149 & 159 E Chatham St Cary, NC Office Tenant 1,207 1,425 Moss Withers Karah…

INDUSTRIAL OVERVIEW RECORD RENT GROWTH, LOW SUPPLY Relentless demand continued for warehouse-and-distribution space across North America in 2022. The year ended with a surge in fourth-quarter absorption along with more double-digit annual rent growth. While growth has slowed from the fever pitch of 2021, there have been no signs of significant deterioration in the fundamentals driving demand for industrial space. Inflation-adjusted retail goods sales and truck tonnage are at high levels, and containerized imports at…

RALEIGH, NC – December 8, 2022 – Lee & Associates Raleigh-Durham, the regional office of the national commercial real estate firm Lee & Associates, is pleased to welcome Kyle Gross and Silas Fortuin to its brokerage team. Kyle Gross joins Lee & Associates with nearly ten years of experience in commercial real estate and a proven track record of successful multifamily and capital markets sales. Before joining the firm, he worked with Marcus & Millichap’s…