Coldwell Banker Preferred acquires Martin Reddington Real Estate Inc.
Coldwell Banker Preferred, a leading residential real estate brokerage company in Greater Philadelphia, announced Feb. 10 that it has acquired the assets of Martin Reddington Real Estate Inc., which conducts business as Prudential Reddington Real Estate in Glenside, Pa.
The single-office realty firm will operate as Coldwell Banker Preferred, which is part of NRT LLC, the nation’s largest residential real estate brokerage company.
“This acquisition builds on our strategy to strengthen our position in the marketplace in Montgomery County,” said Regina Coia, president of Coldwell Banker Preferred said in a press release.
“The professionals affiliated with Martin Reddington Real Estate have an excellent reputation in the community, and we greatly look forward to working with them.”
Coldwell Banker Preferred said the 15 sales associates affiliated with Martin Reddington Real Estate would be joining the company. Co-managers Diane and Kevin Reddington will join Coldwell Banker Preferred in a sales capacity, and Martin Reddington, owner, will focus on familyowned ventures.
“Coldwell Banker Preferred integrates state-ofthe-art technology, robust business development programs, and a comprehensive line of real estate services that will bring great value to our customers and clients,” Reddington said.
“We have served the community for more than 35 years and will continue to serve them with the enhanced Coldwell Banker programs and services.”
The Martin Reddington Real Estate office, located at 2778 Jenkintown Road in Glenside, will merge into the existing Coldwell Banker Preferred office located at 686 DeKalb Pike in Blue Bell, the company said.
Coldwell Banker Preferred has nine offices and a sales force of more than 600 affiliated sales associates and staff serving the communities of the Greater Philadelphia area and the Delaware Valley, including northern Delaware and southern New Jersey. Coldwell Banker Preferred is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT operates the company-owned brokerage offices of Realogy Holdings Corp. (NYSE: RLGY).