WASHINGTON, D.C. — Lee & Associates has named Josh Simon president of the firm’s new Washington, D.C/Northern Virginia regional office. Simon previously served as a partner with NAI KLNB. Pierce Kruetzer — also formerly of NAI KLNB — joins Simon as a principal with the new Lee & Associates office.
Simon expects to grow the office with eight to 10 brokers to assist clients in need of office landlord representation, office tenant representation, retail leasing, industrial leasing, debt services and investment sales services.
“Establishing a presence in Washington, D.C. and Northern Virginia is an extremely critical component of the Mid-Atlantic expansion strategy outlined by Lee & Associates several years ago, given the continued strength and momentum of the commercial real estate sector surrounding the Nation’s Capital,” notes Allan Riorda, Lee & Associates Board Member and President of the Maryland office. “This program most recently initiated in central Pennsylvania with the opening of the Harrisburg office. Over the next several years, we intend to establish locations in Baltimore, Frederick, Hagerstown and points throughout northern Virginia including Dulles and Tysons Corner.”
Simon says, “With its business model, Lee & Associates is able to offer more competitive commission splits, backed by similar tools and resources utilized by major national firms. Lee & Associates opened its Maryland approximately five years ago and quickly elevated to among the top firms in the Baltimore-Washington, D.C. area. We intend to do the same.”
Lee & Associates is the largest broker-owned commercial real estate firm in North America with more than 60 full-time offices.