Lee & Assoc. Plans To Hire 8-10 Brokers In Near Term for New DC Office
Josh Simon and Pierce Kruetzer, formerly of NAI KLNB, will be launching the new office.
WASHINGTON, DC—Lee & Associates has opened a regional office in the Washington, DC area and tapped Josh Simon to head it. Simon, formerly a partner at NAI KLNB and based in Tysons Corner, VA, brings more than twelve years of commercial real estate brokerage experience to this new position. Teaming with Simon to open the new office will be Pierce Kruetzer, also formerly with NAI KLNB, as a principal.
The new Washington, DC/Northern Virginia office plans on an aggressive growth strategy. It also plans to recruit more brokerage professionals experienced in office landlord representation, office tenant representation, retail Leasing, industrial leasing, debt services and investment sales. According to Simon, he is currently engaged in discussions with prospective hires and expects to “grow by eight to ten brokers in a relatively short time frame.”
Simon concentrates on investment sales transactions ranging from $2 million to $40 million, with a focus on ground-up development deals and conversions of existing buildings, and was a significant contributor to the growth of NAI KLNB’s middle market investment sales and office leasing divisions from the company’s Tysons Corner office. Together with Kruetzer, who joined Simon at NAI KLNB after a four-year career at Transwestern, the team has sold or are under contract for transactions exceeding $200 million.
Recently, Simon and Kruetzer have been among the most active sales teams operating in the National Landing area of Northern Virginia including the $22 million sale of a mixed-use project on Mount Vernon Avenue in Del Ray. Later this month, the team is expected to complete the sale of 1200 N. Henry St., selling the development rights to a 115-unit mixed-use project on behalf of Avanti Holdings Group, as well as a three-quarter acre future development site on 701 N. Henry Street on behalf of the Delman family. A number of other large transactions are in the pipeline for 2020.
Simon initially plans to open within a shared office environment at The Wharf for the first 12 to 18 months.
According to Allan Riorda, president of the Maryland office, the company intends to establish locations in Baltimore, Frederick, Hagerstown and points throughout northern Virginia including Dulles and Tysons Corner over the next several years.