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DALLAS-The name will stay the same, Coldwell Banker Commercial-SA, but the owners will change as two of the firm’s leaders make plans to buy the business. The closing will take place before fall, Tom Metcalfe, the firm’s senior vice president, confides to GlobeSt.com.

Metcalfe and Charles W. Kelly are buying out Steve Stringer, head of a commercial real estate company that evolved from a family-owned residential real estate business. In 1999, Stringer’s mother, Paula, sold the residential brokerage operation to NRT Inc., a joint venture between Cendant Corp. and Apollo Management LP.

Metcalfe and Kelly, who has been executive managing director of Coldwell Banker Commercial-SA business for four years, have worked together since Metcalfe left the Weitzman Group nearly two years ago. Metcalfe says the plan is to start building the team as soon as the acquisition is final. There now are nine brokers, but the intent is to boost the head count to 20.

The main office will remain in the Beal Bank Center at 15443 Knoll Trail Dr. in the Addison area. But, Metcalfe and Kelly will be scouting for office sites in Tarrant and Collin counties as they build their team.

Metcalfe and Kelly have 25 years in commercial real estate in Dallas-Fort Worth and are well-known brokers and industry leaders. Still, Metcalfe says “our names are synonymous in this town individually, but Coldwell Banker gives us the name to take to clients and prospective clients.

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