Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.