COLUMBIA, MD-Lee & Associates has just opened its first office in the state, becoming the company's 47th office in the U.S. and its fourth in the Northeast. Allan Riorda, formerly of KLNB, and Matt Ryan and Tom Whelan of Ryan Commercial, will head the new office. Kate Jordan, also from KLNB and Dennis Lane and Bill Harrison from Ryan Commercial, and Marley Welsh, formerly of Cushman and Wakefield, will also be joining the group. The company will be a full-service brokerage but it is launching with an eye particularly on the industrial asset class.
With the national platform afforded by Lee & Assoc., the Maryland office hopes to be able to compete with such players as Cassidy Turley and CBRE, Riorda tells GlobeSt.com. Riorda adds that the group plans to meet with all of the major institutions that own industrial property in the area, including Prologis, Liberty Property Trust, First Potomac and DCT. Eventually the company will hire more brokers and expand into office and then retail, he adds. "We plan on being a full service company. Our plan is to grow it over the next several months in that direction."
He says the company's goal is to grow the Columbia office to 15 brokers, then open a Montgomery County office and then one in Northern Virginia. Eventually it expects to have four offices in the Baltimore-Washington area, he says.
Lee Chesapeake Region office follows a series of recent Lee office openings in New York, two offices in New Jersey, Naples/Ft. Myers, FL, Charleston, Atlanta, Indianapolis, Kansas City and Greenville, SC.
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