Three veteran commercial real estate brokers are leading
the charge to make California-based Lee & Associates a major player in
Pennsylvania.
The nation's largest broker-owned commercial real estate
firm has opened its first commonwealth office in Lower Allen Township.
Led by former brokers and agents from NAI CIR and Jones
Lang LaSalle, including Brian Knowles, Jack Shepley and John Van Buskirk, Lee
& Associates of Eastern Pennsylvania LLC is a full-service firm that will
cover the Philadelphia region, which includes eastern Pennsylvania, southern
New Jersey and the state of Delaware.
The three men have more than 75 years of collective
commercial real estate experience in the Philadelphia and Harrisburg
submarkets. Shepley and Van Buskirk are the two founding partners of the
Industrial Properties Group at NAI CIR.
Building on their well-established connections, the
industrial market will be an early focus for Lee & Associates of Eastern
Pennsylvania.
"Eastern Pennsylvania has always been an important
link with the development of our overall strategy in national expansion, and
this office provides us with another key foothold in the East," CEO
Jeffrey Rinkov said of the company's growth, which has been in high gear since
2011.
During the last three years, Lee & Associates has
added offices in Colorado, Florida, Georgia, Indiana, Kansas, Maryland, New
Jersey, New York, Ohio, South Carolina and Texas.
The company has about 800 brokers nationwide.
The Cumberland County office is at 1104 Fernwood Ave.,
near the Capital City Mall.
With that office up and running, the managing partners
said the plan is to continue adding staff — it will be up to eight by the end
of the month — and open a second office in suburban Philadelphia.
The latter move could be made by the end of the year, Van
Buskirk said.
"Our goal is to form a full-service commercial real
estate firm that competes as a tier 1 player in eastern Pennsylvania across all
asset classes," Knowles said.
For more on this story, read this week's print edition.
Source: Central
Penn Business Journal
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