PHOENIX— Coldwell Banker Residential Brokerage announces it acquired the assets of Ken Meade Realty in Sun City. Ken Meade Realty's 250 sales associates will continue to operate out of its six existing company locations. The company's property management division, which manages over 500 residential properties, was also part of this acquisition. With this announcement, Ken Meade Realty will operate as Coldwell Banker Residential Brokerage, which will further expand the company's presence in the Northwest Valley.
Ken Meade Realty has been a presence in the Northwest Valley for more than 30 years. The company was ranked among the top 100 independent residential real estate brokerage companies in the United States last year, according to REAL Trends 500, with 2,480 transaction sides and $364 million in closed sales volume in 2012.
"This is a key opportunity to strengthen our market presence in the Northwest Valley area by welcoming sales associates who are already knowledgeable and entrenched in this market," said Malcolm MacEwen, president and chief operating officer of Coldwell Banker Residential Brokerage. "Their fine reputation for professional service and in-depth market knowledge is well known in the real estate industry, and we look forward to combining those attributes with our advanced marketing programs and global reach."
With this announcement, Coldwell Banker Residential Brokerage in Arizona now has 28 offices and nearly 1,600 real estate professionals in Phoenix, Tucson and Northwest Arizona. Coldwell Banker Residential Brokerage in Arizona is operated by NRT LLC.
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