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Lee & Associates Comes to Chicago Market

CHICAGO-A number of Chicago-area commercial real estate brokers have banded together to open Lee & Associates of Illinois, which represents a major movement of the West Coast-based company into the Midwest.

By Dees Stribling | Updated on September 30, 2002

CHICAGO-In one of the largest movements of local brokerage talent in recent memory, several brokers previously with a number of Chicago-area firms have formed Lee & Associates of Illinois, a member of a national network Lee & Associates, which is headquartered in California. The new firm’s offices are in the O’Hare market, but it will do business throughout metro Chicago, focusing initially on industrial deals, as well as office, land and investment transactions. Eventually, according to the principals, it may have a property management component.

The new firm represents a major expansion of the Lee brand, which has proven successful in California, Nevada and Arizona. In 2001, brokers in the Lee & Associates network did nearly 5,000 transactions, including building sales, leases, land sales and consulting assignments with an aggregate value of about $3.4 billion, or an average of $11 million for each broker.

Joining as principals to form Lee & Associates of Illinois are John Sharpe, formerly of CB Richard Ellis; Jeffery J. Janda, and James B. Planey, formerly of Colliers, Bennett & Kahnweiler; Michael J. Androwich and Justin P. Fierz, formerly of Darwin Realty; John T. Cassidy, Kenneth P. Franzese, and David Pals, formerly of Grubb & Ellis; and Christopher P. Lydon, formerly with Trammell Crow. Others are joining as associates and senior associates, and other principals were prepared to link themselves with the new firm, but not ready to make that information public.

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