AT A GLANCE
611 River Drive, 4th Floor
Elmwood Park, NJ 07407
www.lee-associates.com/newjersey
Year founded: 2009
Number of brokerage and support professionals in New Jersey: More than 60
Areas of expertise in real estate: Lee & Associates New Jersey is the regional operation of Lee & Associates, one of the nation’s largest agent-owned CRE brokerage and property management firms.
OUR ADVANTAGE
Lee & Associates New Jersey offers the deep capabilities of a best-in-class brokerage organization with the flexible, personal touch distinctive to a boutique firm. The resulting delivery style separates Lee & Associates from its one-size-fits-all competitors. The Lee & Associates team works hand in hand with institutional and private property owners, and tenants of all shapes and sizes, to develop customized approaches tailored to each client’s specific needs and goals. The firm’s professionals combine the latest technology, resources and market intelligence to deliver superior service and optimize results.
ON THE HORIZON
Lee & Associates New Jersey has grown from six team members at the firm’s inception to more than 60 staff members, agents and property management professionals today. Targeted growth remains a central focus. The company rewards outstanding performance and prioritizes growth from within, a philosophy that is core to its recruiting and retention success. From its founders to the newest employees, Lee & Associates professionals foster a sense of community and collaboration around a common goal: supporting clients. Time and again, this translates into creative strategies and market-defining transactions for property owners and occupiers.
TRANSACTION SPOTLIGHT
Lee & Associates New Jersey recently represented BlackRock Realty Advisors in its acquisition of 330 S. Randolphville Road in Piscataway. Senior Vice President Matthew Schnurr of the commercial real estate firm’s Capital Markets team headed the $80 million transaction. The nearly 300,000-square-foot S. Randolphville Road complex is fully occupied by General Plumbing Supply, Inc.
“BlackRock was drawn to the investment by the ideal location with proximity to the Ports, immediate interchange access and a long-term lease involving a mission-critical corporate headquarters, showroom and distribution space operation,” Schnurr said. “It was a pleasure working with the BlackRock team, whose members were keenly aware of the unique investment and property attributes. The New Jersey industrial investment market as a whole remains one of the most sought-after nationwide, in terms of high occupancy, sustained rental growth and limited supply.”
