Merger Announcement

CARY, N.C. – Two of the Triangle’s most respected property management companies are joining forces to create the region’s largest locally-owned property and facility management firm, with plans to grow statewide and beyond.

Lee & Associates Property Management merged April 1 with Lundy Management Group, one of North Carolina’s best-known property and facility management firms.

This strategic merger unites two successful property management companies with a combined half century of experience and a deep commitment to responsive service, trusted client relationships, and operational excellence. The partnership expands the combined firm’s capabilities across North Carolina and beyond while maintaining a strong local identity and personalized service.

“This merger brings together two vibrant organizations, allowing us to expand our expertise and better support our clients while staying committed to the communities we serve,” said Jamie Baker, president of the newly combined company. “As we grow and compete on a larger scale, we’ll remain grounded in our shared core values of trust and strong local relationships. By combining our strengths, we can offer a wider range of services and exceptional capabilities in core areas.”

The merged company carries the Lee & Associates brand, with its new headquarters located in downtown Cary at 216 E. Chatham Street. Lundy will continue operating its branded division, continuing its focused expertise in medical facilities management, a growing commercial business sector across North Carolina.

“This merger is about strategic alignment and growth,” said Moss Withers, owner of Lee & Associates Property Management, part of the international Lee & Associates network of more than 80 offices across the U.S. and Canada. “Lundy is a firm we’ve long admired for its deep expertise, especially in technical services and facilities management. By joining forces, we are combining strengths to create greater opportunities for our clients, our teams, and the communities we serve.

With a combined team of 50 professionals, the firm becomes the largest locally-owned property and facility management company in the Triangle, managing over 13 million square feet and delivering unmatched expertise, deep engineering capabilities, and full- spectrum commercial real estate services.

Founded in 1986 by the late Jim Baker, the Lundy Management Group has been a fixture in North Carolina commercial real estate for almost 40 years. Jamie Baker, who represents the next generation of leadership, brings a strategic mindset and operational depth that will be instrumental as the merged firm expands its service offerings and client base.

“Jamie has a strong legacy behind him and a clear vision for where this industry is headed,” Withers said. “We’re excited to welcome him into a leadership role within our broader management team, where his experience and perspective will help drive strategic growth.

The merger positions the firm among the top four property-management companies in the Triangle, contrasting with publicly-traded competitors with no local ownership ties. “The large-but-local touch is something our market has been missing,” Withers said. “Our growth has been exponential, and this merger adds even more experience to our team as we continue to scale.”

Together, the new company will deliver local property management, building engineering, construction management, and facilities services throughout North Carolina, along with nationwide financial and accounting resources. Its client base includes office, medical, retail, and industrial properties, including highly technical environments such as clean rooms, surgical centers, and lab space.

“It’s about expanding our capabilities and our impact while staying grounded in the personal service and trust our clients count on,” Baker said. “We do more than just manage assets – we build relationships. That service-driven culture will thrive here for decades to come. We’re excited for what’s ahead.”

Contacts:

Jamie Baker, 919-821-7890, jamie@lundygroup.com (Pictured Left)

Moss Withers, 919-576-2500, mwithers@lee-associates.com (Pictured Right)

About Lundy Management Group

Established in 1986, Lundy is a private, locally-owned firm with deep expertise in medical property and facility management. The company is composed of seasoned professionals with hands-on experience across every facet of commercial real estate management. Driven by a strong, people-centered culture, Lundy remains passionately committed to building lasting relationships with clients, vendor partners, and employees.

About Lee & Associates

Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is an international firm with locally-owned offices throughout North America. Our professionals collaborate closely to make sure they are providing their clients with the most advanced, up-to-date market technology and information.

Established in 1979, Lee & Associates is an international firm with locally-owned offices throughout North America. Our professionals collaborate closely to make sure they are providing their clients with the most advanced, up-to-date market technology and information.