Lee & Associates: Growth leads to first appointed CEO in its history

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As new CEO, Lee & Associates veteran Edward J. Indvik will help oversee the firm’s nationwide expansion

LOS ANGELES — May 23, 2011 — In a clear signal of the firm’s ongoing nationwide expansion and evolutionary growth, Lee & Associates, one of the nation’s largest commercial brokerage firms, has named its first CEO in its 32-year history. Industry veteran Edward J. Indvik, who has spent the past 20 years with Lee & Associates, steps into the role immediately after being selected CEO by Lee & Associates’ presidents in April.

Lee & Associates’ move to appoint Indvik is the next step in the firm’s evolution, which has seen it grow from Bill Lee’s founding in 1979 to a Board of Directors and now a CEO. Since its birth, Lee & Associates has grown to a commercial real estate brokerage firm of 43 offices managed by the presidents and managing partners. A Board of Directors, elected from within the pool of presidents/managing partners, is responsible for setting policy and shaping Lee’s strategic direction.

“We have maintained those essential, foundational tenets in creating this new CEO position that will allow Lee & Associates to continue its growth and development tools, methods and materials for our clients,” said founder Bill Lee. “With this move, our firm will maintain the ownership, decision-making process and the ability to invest in the growth of the organization that the shareholders and presidents have created that made this firm what it is today.”

Indvik, a 34-year industry veteran, will report to Lee’s owners and presidents to carry out the firm’s strategic objectives. He will retain his position as vice chairman of Lee & Associates’ Investment Services Group, as well as his role as a non-voting chairman of Lee’s Advisory Board.

Lee & Associates’ evolution is further apparent by its recent expansion to 43 nationwide offices, with more on tap to join in 2011 and into the next decade. Lee’s most recently added offices include Atlanta, Indianapolis and Kansas City, as well as its Greenville, S.C., office, which opened this month.

“With 43 offices and nearly 700 agents, we maintain the long-term goal of continuing our expansion into strategic markets, and thus, the recognition of the evolutionary need for this new structure,” Indvik said. “Lee’s growth and success lies in the strength of our broker-owned platform. This platform has created a formidable commercial brokerage firm that will continue expanding its presence and services.”

With administrative offices in Los Angeles, Lee & Associates offers a broad range of commercial real estate services, specializing in the sales and leasing of office, industrial, retail, commercial and multifamily investment and land transactions.

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About Lee & Associates

Celebrating more than 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, South Carolina, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at http://www.lee-associates.com.