Cold­well Banker Pre­ferred ac­quires Martin Reddington Real Es­tate Inc.

The Colonial - - OPINION -

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).

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