New requirement elevates asset management portfolio to more than three million square feet

Lee Chesapeake Property Management, a division of Lee & Associates Maryland, has won a contract from K.C. Real Estate Holdings, LLC to perform comprehensive asset management services for 12100 Baltimore Avenue, a 122,000 square foot industrial/warehouse building located in the Beltsville section of Prince George’s County, Maryland. Michelle Kimos, Director of Property Management for Lee Chesapeake Property Management will oversee the asset management strategy.

With this new requirement, Lee Chesapeake Property Management now handles asset management services for more than three million square feet of commercial office, industrial, warehouse and retail space throughout the Baltimore-Washington, D.C. metropolitan region.

“Our asset management portfolio continues to grow steadily as we are able to demonstrate our philosophy of achieving long-term value to property owners of different product types,” stated Allan Riorda, Principal and President of Lee & Associates. “This is based on an innovative approach that creates custom-designed programs for each property, with a focus on reducing costs and attaining operational efficiencies. K.C. Real Estate Holdings is extremely familiar with our track record and our people from a leasing perspective, and this move is a natural progression to leverage our full suite of services.”

About Lee & Associates Property Management

Lee & Associates Property Management offers comprehensive and expert asset management for its clients including day-to-day property management, lease administration, tenant and capital improvements, financial services and construction supervision services. The company presently manages more than three million square feet of office, industrial and multi-use facilities. For more information visit www.leecpm.com