Ron Lyman is Founder, President, & CEO of Lyman Real Estate which is located in the center of town. He oversees all aspects of the business including office retail and industrial leasing, investment sales, and development. Ron has over 45 years of expertise in real estate transactions. Throughout his time he has acquired, developed, managed, and sold numerous projects. He is also an active Broker throughout Connecticut, representing buyers or tenants for expansions and landlords' leasing or sales. Ron also holds his real estate broker’s license in CT, RI, MA and FL.
Locally, Ron developed and owns Max’s Place, a 128,000 SF retail shopping center in Old Saybrook that opened in 2014. It is co-anchored by Big Y and Kohl’s. Other retailers in the project include Ulta Beauty, Choice Pets, Five Guys, Super Cuts and T-Mobile.
Ron has worked closely with local planning and zoning boards to make sure to use New England style architecture and that all requirements are met and expectations are exceeded in the shoreline community.
Lyman Real Estate is passionate about giving back to the community, as well as across the state through supporting several organizations.
Ron moved full time to Westbrook in 2006 with his wife Jackie where they have raised their three sons, Sam, Max, and Jack.
Ron’s oldest son Tyler, as well as Sam are following in their father’s footsteps, also in the commercial real estate business,
Max and Jack currently attend Northeastern University in Boston.
Jackie launched the residential business six years ago in their Westbrook office where Jackie has been the number one sales person in the town of Westbrook for total sales volume for three years, including this past year.
Sounds like one could call it a “family affair”.
The Lyman family truly enjoys living in Westbrook, often referring to it as, “the best kept secret on the shoreline”!
Notable Brokerage Transactions
- Hired to sell the 8,000 sf former West Marine building in Old Saybrook, CT. Mr. Lyman was the only broker in the transaction in which he produced a tenant-buyer, Food Works, who relocated from another parcel in town.
-The only broker involved in brokering a 55,000 sf lease with Big Y in Old Saybrook, CT
- Brokered several large transactions to the Mashantucket Pequot Tribal Nation- a $4.5 mill sale of 220 acres in Quaker Hill and $3.5 mill sale of “Midway”, a 167,000 sf industrial facility- both of which were owned by General Dynamics.
Notable Development Projects
-Early in his career, Ron bought, restored and/or converted several structures into approximately 60 apartments in the Norwich area. He later sold these and acquired large tracts of land, which he subdivided into approximately 600 residential building lots.
-In 1985, Ron obtained prime land on Main Street in Willimantic where he developed, and currently owns and manages Tyler Square, a fully leased 80,000 sf office/retail shopping center. All tenants have AA credit rating and include AutoZone, Dollar Tree, Sherwin Williams, Taco Bell, CT Veterans Administration, CT Department of Labor, Social Security Administration, State Judicial Department, and State Library.
-In 1999, Ron developed a new freestanding Rite Aid in Willimantic, CT.
-Ron purchased land and gained approvals for a 68 unit apartment complex in Norwich which he sold just prior to construction, this resulted in a 1031 exchange into land he purchased in Old Saybrook, CT (now known as Max’s Place).
-Max’s Place is a 128,000 sf retail shopping center in Old Saybrook, Ct that opened in September 2014. It is co-anchored by Kohl’s, and Big Y. Other retailers in the project include ULTA Beauty, Pet Valu, Five Guys and SuperCuts, just to name a few. Phase II of the project will have another +/- 20,000 sf of retail and will open in late 2015. Mr. Lyman has worked very closely with local planning and zoning boards on this New England style architectural development to make sure all requirements are met and expectations are exceeded in the shoreline community.
-Currently developing retail centers in Rocky Hill, abutting the on/off ramp to I-91 North (exit 24) on the Silas Deane Highway, and on the Boston Post Road in Clinton at the traffic light where the Stop and Shop is located abutting Walgreens for a to be named national restaurant and other retailers.