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…
FOR IMMEDIATE RELEASE Contact Michelle Rhino mrhino@lee-associates.com 919-576-2500 LEE & ASSOCIATES REPRESENTS TWO INTERNATIONAL BIO TECH COMPANIES RELOCATING TO APEX, NC, LEASING OVER 57,000 SQUARE FEET OF LAB/INDUSTRIAL SPACE May 4, 2021 (Raleigh, NC) – Lee & Associates Raleigh-Durham announced today that Moss Withers, CEO and Principal, Karah Jennings McConnell, Executive Vice President and Principal, and Brian Farmer, Vice President and Managing Director, negotiated leases for two Bio Tech Lab Companies relocating to Apex, NC….
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…
Property Closings – February 2021
Closed Transactions for February 2021 Sales 0 Airport Blvd., Louisburg, NC: Land totaling 4.0 acres. Scott Hadley, Vice President, represented the seller in the transaction. 1001 Reedybrook Crossing, Apex, NC: Land totaling 1.96 acres. Moss Withers, SIOR, MBA, CEO & Principal and Karah Jennings McConnell, Principal & Executive Vice President, represented the seller in the transaction. 6818 Davis Cir., Raleigh, NC: Retail space totaling 2,946 SF on 0.7 acres. Scott Hadley, Vice President, represented the…
Raleigh developer preps for work on office, retail project in Holly Springs
By Caleb Harshberger – Staff Writer, Triangle Business Journal Mar 2, 2021 Work is set to begin this year on an office and retail park in Holly Springs with plans calling for a collection of commercial buildings in the booming Wake County town. This month, Raleigh-based APG Capital announced it’s gearing up to start work on The Plaza at Rhamkatte Village after receiving approval from the town. The project features 58,000 square feet of office…
OFFICE SECTOR: ADAPTING TO CHANGE AND PREPARING FOR SUCCESS
COVID-19 has fundamentally changed the way employees work and the way businesses operate. The pandemic fueled the need for the continued transformation of office space to better support social distancing, provide cleaner and more efficient workplace environments, and offer work from home opportunities. From these patently correct observations about the office sector, many infer that the sector is in a state of decline and descent. However, what we are witnessing is not the end of…