Lee & Associates Announces Ace Hardware to Open at The Market of Wake Forest
Lee & Associates Raleigh-Durham is pleased to announce the successful completion of one of the most significant retail leases in the Triangle for the first half of 2024. Ace Hardware, the largest non-grocery retail cooperative in the United States, has signed a ten-year lease at The Market of Wake Forest, a retail community center located at 12225 Capital Blvd in Wake Forest. Charles Lanier and Jennifer Olevitch-Roberson of Lee & Associates represented the landlord in the negotiations and Tre Vaughn of Bell Commercial represented the tenant.
Lee & Associates, the second largest CRE brokerage company in the Triangle Charles Lanier, Vice President, has over 30 years of experience in retail property leasing, management, and sales. Jenn Olevitch-Roberson, Vice President, has over 25 years of experience in retail leasing, redevelopment, operations, and sales. Chip and Jenn have successfully created value for clients, closing transactions, increasing revenues, and overseeing real estate portfolios of over three million square feet.
Todd Zapolski, Managing Principal of Zapolski Real Estate, stated, “On behalf of our East Coast team, I’d like to thank Chip Lanier and Jenn Olevitch-Roberson for their commercial real estate advisory services and diligence in facilitating this lease transaction from start to finish.”
Beverly Keith, CCIM, CRE, CRX, Asset Manager for Zapolski Real Estate, continued, “They understood our property, the retail tenant requirements, and the market. We appreciate their hard work in securing this national tenant for our shopping center, and the Wake Forest community.
