Lee & Associates Expands Midwest Presence

INDIANAPOLIS—In January, Lee & Associates launched Lee & Associates Valuation and Consulting Services, and the new operation just opened an office, their third, in Indianapolis. They opened the first office in Atlanta, Lee’s headquarters, and the second in Chicago just this March. Daniel Boring, the chief executive officer of Lee & Associates Valuation, told GlobeSt.com that it was all part of a plan to take the new service national.

An appraisal service “supports the overall corporate structure,” he says. “It’s a good core asset and another service that [Lee] can offer to clients and bring them into the fold.” They plan to eventually offer appraisal services in all of Lee & Associates’ 48 current locations and even start up elsewhere “and use that as a springboard to create brokerages where we don’t currently have offices. We look at it as a strategic move to insert ourselves in other markets.”