In a blockbuster move shaking up the Southeast’s real estate scene, Lee & Associates has officially merged with Lundy Management Group, creating a commercial real estate powerhouse that now manages over 13 million square feet of space. But this isn’t just another merger—it’s a bold bet on Cary, North Carolina, and a signal of what’s next for the region’s booming property market.

The new company, now headquartered in a sleek, three-story office at 100 Walnut Street—aptly dubbed The Lee—is planting its flag in downtown Cary as the region’s next real estate epicenter. The move combines Lee & Associates’ national brokerage muscle with Lundy’s local development and property management expertise, forming a juggernaut poised to redefine how space is bought, leased, and managed across the Carolinas.

“This isn’t about getting bigger—it’s about getting better,” said Moss Withers, CEO of Lee & Associates Raleigh-Durham. “We’re creating something that hasn’t existed in this market before: full-service real estate with local soul and national scale.”

For years, Lundy has been quietly reshaping Cary’s skyline—managing mixed-use spaces, commercial hubs, and in-fill projects that prioritize both community impact and long-term value. Pair that with Lee & Associates’ coast-to-coast influence and you’ve got a one-stop shop for investors, developers, and tenants looking for more than just square footage—they’re looking for vision.

The company’s ambitions don’t stop at 13 million square feet. With their eyes set on expansion into Charlotte and beyond, this merger marks more than a new chapter—it’s the prologue to a region-wide transformation.

So what happens when a national brand meets a local legend? In Cary, the answer is clear: real estate will never be the same.

Stay tuned. This is just the beginning.