About Lyman Real Estate - Eastern Connecticut Commercial Real Estate

Lyman Real Estate Brokerage & Development is a full-service real estate firm serving Central and Eastern Connecticut in all of their commercial and industrial brokerage, development and property management needs.

With years of experience in a broad spectrum of real estate activities, such as sales, leasing, tenant representation, buyer brokers, development and management, the agency has a large pool of contacts and methods from which to attract potential buyers and tenants.

The team researches unusual qualities of specific properties and combines it with "out of the box" thinking in order to determine highest and best use. Lyman takes pride in looking beyond traditional limits to offer new potential uses, so properties listed with us stand out from all others in the area.

In addition to selling and leasing existing properties for our clients, members of the Lyman Team have extensive experience in "Tenant and/or Buyer Representation." Finding the perfect site for local, regional and national clients.

With the development and ownership of Tyler Square in Willimantic, CVS Plaza in East Hartford and the future 140,000 square foot……all experienced, skilled real estate professionals.

Our firm's dedicated staff of professional are focused exclusively on meeting your unique real estate needs.

Your commercial and industrial real estate needs are our top priority. Let us show you how we can put our team to work for you!

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Ronald E. Lyman, CCIM

Ron is a native of Southeastern Connecticut, born in Norwich and presently living in Westbrook. He has been buying and selling real estate for the past thirty-five years and has acquired, developed, managed and sold numerous projects.

In the early 1980's Ron bought, restored and/or converted several structures into approximately 60 apartments, which he later sold. He then acquired large tracts of land, which he subdivided into approximately 600 residential building lots.

In 1985, he obtained prime land on Main Street in Willimantic where he developed, owns and manages Tyler Square, a 51,450-sq. ft. office/retail complex leased to AA tenants. These tenants include: Sherwin Williams, Taco Bell, CT Veterans Administration, CT Department of Labor, AutoZone, Social Security Administration, Dollar Tree, State Judicial Department and State Library.

Also in the late 80's, Ron's focus turned predominately to commercial/industrial real estate where he brokered several large transactions such as the $4.5 million sale of 220 acres in Quaker Hill and $3.5 million sale of "Midway", a 167,000-sq. ft. industrial facility, both of which were owned by General Dynamics and sold to the Mashantucket Pequot Tribal Nation.

In 1999, Ron developed a new freestanding Rite Aid, which is owned and managed by Lyman Development Corp. In 2000, Lyman Development Corp. optioned land in Colchester, Connecticut, for a 350,000 sq. ft. retail center that was later sold after obtaining approvals. In 2001, Ron bought " Sam Center," another Lyman Development Corp. acquisition, a retail development center anchored by a new CVS with a double drive-thru and another 9,000-sq. ft. building at Main Street and Burnside Avenue in East Hartford, Connecticut. Just prior to construction, he sold Max’s Place, a 68-unit apartment complex in Norwich with all approvals. This resulted in a 1031 exchange into land in Old Saybrook, CT. That purchase along with additional assembled parcels will be another Lyman Development knows as “Max’s Place”. It will be co-anchored with a department store and grocery store. In addition there will be a junior anchor, restaurants and other retailers. In Rocky Hill on Silas Deane Highway, Lyman Development is developing a retail strip with a national restaurant abutting north bound on ramp to I-91 North at exit 24.

In addition to his membership in various real estate associations, Ron received the Certified Commercial Investment Designation (CCIM) after extensive training. He also serves as Treasurer and Board Member for Generations Health, a non-profit health provider. Additionally, he is an active member of the International Council of Shopping Centers (ICSC).

Ron holds real estate broker’s licenses in Connecticut, Rhode Island, Massachusetts and Florida.

What is a CCIM?

A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate. A CCIM is an invaluable resource to the commercial real estate owner, investor, and user, and is among an elite corps of 7,500 professionals across North America who hold the CCIM designation -- the "Ph.D. of commercial real estate."

Recognized for its preeminence within the industry, the CCIM curriculum represents the core knowledge expected of commercial investment practitioners, regardless of the diversity of specializations within the industry. The CCIM curriculum consists of four core courses that incorporate the essential CCIM skill sets: financial analysis, market analysis, user decision analysis, and investment analysis for commercial investment real estate. Additional curriculum requirements may be completed through CCIM elective courses, transfer credit for graduate education or professional recognition, and qualifying non-CCIM education. Following the course work, candidates must submit a resume of closed transactions and/or consultations showing a depth of experience in the commercial investment field. After fulfilling these requirements, candidates must successfully complete a comprehensive examination to earn the CCIM designation. This designation process ensures that CCIMs are proficient not only in theory, but also in practice.

With such a wide range of subjects to be mastered and in a dynamic business such as real estate, the educational process doesn't end once the designation is earned; there is a strong commitment among CCIMs to continuing education.

Only 6 percent of the estimated 125,000 commercial real estate practitioners nationwide hold the CCIM designation, which reflects not only the caliber of the program, but also why it is one of the most coveted and respected designations in the industry. The CCIM membership network mirrors the increasingly changing nature of the industry and includes brokers, leasing professionals, investment counselors, asset managers, appraisers, corporate real estate executives, property managers, developers, institutional investors, commercial lenders, attorneys, bankers and other allied professionals. Through this business network and through enhanced communication with the CCIM electronic network, CCIMs successfully complete approximately 156,000 transactions annually, representing more than $400 billion.

Certified Commercial Investment Members are in more marketplaces in North America -- 12 CCIM regions representing 1,000 cities -- than all major real estate companies combined. Regions and chapters provide designees and candidates the opportunities to promote business and educational goals through local and regional forums and meetings.

Conferred by the CCIM Institute, the CCIM designation was established in 1969. Courses leading to the designation are now offered throughout the world. For more information, call (800) 621-7027.

Karl Avanecean

Karl has recently joined Lyman Real Estate Brokerage & Development as a seasoned commercial real estate agent. Karl began his career in New York City working on several projects that included land development and multi-use office building that included retail space and residential condominiums. He was also very involved in completing a multi residential subdivision project in the Bronx. His prior experience includes purchasing homes and rehabbing them for resale.

Karl’s past involvements include the automotive restoration and repair business and the ownership of several startup businesses which he later sold.

Dewey Cochran

Dewey Cochran has been our facilities manager full time for 29 years. He handles the maintenance, repairs, and coordinating with subcontractors for properties we own and manage.

Matt Darling

Matt has recently joined Lyman Real Estate & Development as a new commercial real estate agent after working for the past seven years in the healthcare facility & engineering industry. His prior experience with healthcare facilities has given him significant understanding and expertise of commercial property structures. Matt holds a Bachelors Degree of Science in Construction Management from Central CT State University.

Matt is a Connecticut native and currently resides in Salem. He is an active member of his community and serves on his local Planning & Zoning Commission.

Lea Engels

Lea oversees all financial reporting and property management functions for Lyman Real Estate’s investment portfolio. Lea worked 4 years in public accounting and has 14 years of private industry experience, all in the area of commercial real estate. Lea earned her CPA designation while employed with KPMG LLP’s real estate practice. At KPMG her client’s included a number of real estate investment advisors and a Hartford-based insurance company that sponsored open- and closed-end funds and separate accounts for pension fund investment in real estate. Lea is a summa cum laude graduate of the University of Connecticut with a degree in accounting and is a certified public accountant in the State of Connecticut. She is a member of the Connecticut Society of Certified Public Accountants.

Sam Lyman

Sam Lyman has been working at Lyman Real Estate since June 2010 as an office assistant. He assists with IT issues, blue print copying, filing, and any other task to lend a hand in the office. He is a future rising star in the real estate industry and we hope to continue to have him as an invaluable asset to the company in the years to come!

Eric J. Reisner

Eric has joined the firm as General Manager and has an extensive business management and real estate investing background, having bought and sold over 60 properties nationally. Eric spent the last 2.5 years living in Singapore, where he was involved in a start-up debt buying company that purchases distressed assets from major US based banks. Prior to Singapore, Eric lived in Granada and Managua, Nicaragua, where he was a principle in a land development project. Eric grew up in Westport, CT and attained a BA in Business/Government from Skidmore College in Saratoga Springs, NY where he was also a member of the baseball team. Eric is extremely pleased to be back in his home State after 14 years in Seattle and abroad.

Peter Walsh

After graduating from Stevens of Technology in chemical engineering, he spent nine years overseeing systems plans of large and small companies, thereby facilitating their operational needs and growth plans.

Seeing an opportunity to stay in northern New Jersey with his growing family, he began his 30 year career in the securities industry, joining Salomon Brothers and participating in various sales efforts. This experience led to opportunities at Citigroup and others structuring and distributing over $1 billion between banks, insurance companies, mutual funds and corporations. Real estate was at the core of his successful efforts to restart two dormant steel companies, as well as the many loans he structured/distributed.

In 2005, having moved to Florida for family reasons, Mr. Walsh joined Coldwell Banker Commercial where he cultivated local and national restaurants and other Tenants as well as mall owner/operators. In that period, he succeeded in negotiating restaurant sites in New England. Upon returning to Connecticut, he secured space commitments for national auto rental and hardgoods companies as well as the listing and sale of a retail oriented building in Waterford. Continuing his involvement with his restaurant clients, he negotiated a location in Boston. Joining Lyman Realty in September 2011 he has focused his efforts on Lyman’s extensive array of commercial listings while continuing to develop his restaurant tenant portfolio. Because of his retail emphasis, he maintains his real estate registration in Connecticut, Massachusetts and Florida as well as his membership in ICSC, the International Council of Shopping Centers.