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SOUTHFIELD, MI-The nation’s fourth largest commercial real estate company is opening its first office in Michigan, prompting a senior local broker to change affiliations. Bill Lee, founder of Lee & Associates, is opening the firm’s Michigan office in Southfield, and Jon Savoy, a former senior vice president of Grubb & Ellis, plans to open and manage the new Lee office. The office is expected to have 10 to 15 brokers by the end of the year.

“Jon has had an unparalleled track record of success in the Michigan marketplace over the past 27 years,” Lee says. “He brings Lee & Associates not only vast industrial expertise in the Michigan market but also possesses a strong entrepreneurial spirit, which will allow us to extend our reach across the country with commercial real estate excellence.”

Prior to joining the Lee & Associates team, Savoy was a senior vice president and director of industrial services for Grubb & Ellis’ Detroit office since 1999. Savoy has been in commercial real estate in the Detroit market for 27 years. In recent years, Savoyhas specialized primarily in industrial real estate markets of Farmington Hills, Novi, Wixom, Lyon Township, Commerce Township and Livingston County.

In his career, he has managed more than 1,600 industrial real estate transactions. He has been involved in the land acquisition, design and development of over 200 build-to-suit facilities and speculative buildings. “Opening a brokerage office with a firm I truly respect has always been a dream of mine,” Savoy says. “Over the years, Lee’s unique agent-owned structure and profit-sharing concept has grabbed my attention. This type of working environment, where a majority of the brokers are owners themselves, creates a true team environment and a sense of unity.”

According to Savoy, the new Lee & Associates of Michigan LLC office will offer a broad range of commercial real estate services such as industrial, office, land sales and eventually retail.

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