Started in 1986, Lundy is a small company specializing in high value commercial, mixed use and in-fill real estate development leasing and management. With over $100 million in completed development in 2009-2010 and $21 million planned for 2011, the individuals at Lundy are focused on achieving the project’s success. The talented individuals at Lundy have direct hands-on experience in leasing, managing, financing, developing, purchasing, owning and selling all types of commercial real estate.
Lundy has under management just over one million square feet of both owned and third-party projects. About 60% of new development is commercial or office, 20% is mixed-use or residential combinations, and the remaining 20% is new land and park projects.
The company and/or its principals are licensed brokers in the states of Virginia, North Carolina, South Carolina, Georgia and Tennessee. Lundy completed its strategic partnership with Stanmore Development in West Palm Beach, Florida, with the sale of its interest in the two medical office buildings. Lundy is actively seeking new projects in emerging markets as well as infill opportunities.
The Lundy Group, with over 600 leases in 10 years for clients ranging from Texas to New York, provides full service general brokerage for tenants and clients. Lundy offers analysis of space needs and location requirements and can negotiate the best possible lease terms and conditions.
Development, Management, Listing or Leasing in:
Cary Wake Forest (Wakefield)
Chapel Hill Sanford
Fayetteville Southern Pines
Charlottesville, VA Apex
In the past, the group has accomplished the following developments, financing, and/or sales:
- Construction 1985-2011: 31 transactions totaling $136.5 million
- Permanent: 24 transactions totaling $124 million
- Charlotte Projects: 7 buildings totaling 1.9 million SF and $44.7 million
- Joint Ventures/Equity: 23 transactions totaling $48 million of equity
- Development and Leasing of Owned or Sold Product: 26 transactions totaling 1,368,500 square feet
At present, the group lists, manages or has under active development:
- 45,000 SF of medical office and commercial space under current development
- 50 acre park with up to 500,000 square feet of retail, office and medical space
- 142,500 SF of warehouse/commercial space
- 216,812 SF of tenant representation
- 150,000 SF of fully occupied office space
Partial Current Client List – Medical Office (2011)
- Dr. Herbert Land Orthodontist
- North Carolina Board of Nursing
- Davidian Family & Cosmetic Dentistry
- Beavers Family Dentistry
- UNC Wellness Center
- University of North Carolina Hospital System (satellite facilities)
- Rex Hospital System (A division of Duke University Hospital Systems)
- Children’s Dentistry of Apex
- Capitol Ear Nose & Throat Surgery – CENT Realty Group I and Realty Group II
Banks & Financial Institutions with Current Business (2011)
- Bank of America
- Wachovia/Wells Fargo Bank
- SunTrust Bank
- First Citizens Bank & Trust Company
- North State Bank & Trust Company
- Capital Bank
- Fifth Third Bank
- Southern Community Bank
Please contact The Lundy Group, Inc. if you would like more information about our services or if you’d like to send us information about a property you are listing.