Lee & Associates Taps Royster for President, Strategic Growth
- Jul 25, 2008
Lee & Associates has named Phil Royster as its president of strategic growth. The newly created position will have Royster overseeing all of the company’s expansion efforts. Among the responsibilities will be identifying growth opportunities and establishing the company’s strategy for new office acquisitions and the formation of new Lee & Associates companies nationwide. Plan’s call for Royster to work closely with Lee’s regional company presidents in indentifying these potential partners. He will be based in the company’s Sherman Oaks office where he will work alongside Lee’s L.A. North group president Mike Tingus. The appointment is effective immediately. Royster is a 35 year veteran of the commercial real estate industry, having spent 25 years with Grubb & Ellis Inc. While there, he created the firm’s affiliate program, which cultivated partnerships with independent real estate services firms for North American clients. He served as Grubb’s senior vice president, regional manager and president of the Western Region, which became the company’s highest revenue earning unit.Company founder Bill Lee expressed his pleasure at the appointment. He praised Royster’s management philosophy, noting in a statement, “Building on our unique business model of independent, broker-owned offices requires the kind of entrepreneurial, team approach that he has employed throughout his career.” Royster cited the personal relationship he has developed with Lee as one of the motivating factors for making the move to Lee & Associates. “I’ve known Bill Lee for 30 years and I’ve got tremendous admiration and respect for what he’s been able to accomplish.” The firm, founded by Bill Lee in 1979, is a real estate investment that has regional companies nationwide. In a recent transaction, the firm represented Room & Board in the lease of a 40,000 square foot store in Culver City in the Los Angeles market, as reported by CPN.