Commercial real estate

TRES is an independent commercial brokerage based in Chapel Hill. Mike Hickey has worked the Triangle's commercial market since 2005, representing tenants, landlords, and investors across the region.

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Triangle commercial district

The TRES commercial practice

TRES has worked the Triangle's commercial market since 2005. Office and medical, retail, industrial and flex, and investment sales. We represent tenants and landlords, buyers and sellers. In a smaller market that means Mike has sat on both sides of a lease or sale and understands how the other party thinks, what they want, and where they'll move.

$225M in commercial sales and leasing over the past nine years. 200 commercial transactions. 50+ businesses served.

TRES also handles build-to-suit work for tenants and owners, from site selection and deal structure through contractor engagement and milestone oversight. TRES does not have a construction division. Once your contractor has plans, we stay informed at milestones and step back in if the deal needs to be renegotiated or restructured.

Triangle commercial district

Questions about a commercial property?

Tenant, landlord, or investor, the first conversation is just a conversation. Get in touch and Mike will take it from there.

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Frequently asked questions

Yes. TRES has worked both sides of commercial transactions in the Triangle since 2005. Mike doesn't represent both parties in the same deal, but doing both kinds of work means he understands how each side approaches a negotiation, what they want, and where they will move.

Yes. TRES has guided tenants and owners through build-to-suit deals from site selection and deal structure through contractor engagement and milestone oversight. The role is to make sure the deal is structured right and the project is delivered as expected.

A 1031 exchange lets an investor defer capital gains tax by reinvesting proceeds from one investment property into another like-kind property within set IRS deadlines. TRES handles the acquisition and disposition side of the deal, runs IRR analysis on candidate properties, and coordinates with the qualified intermediary who holds funds during the exchange.

In a typical lease, the landlord pays both the listing broker and the tenant rep, so tenant representation usually costs the tenant nothing direct. In a sale, the seller pays both sides at closing. Commission percentages vary by property type and deal size and are spelled out in the listing or representation agreement before any work begins.