SOURCE: Coldwell Banker Preferred

Coldwell Banker Preferred

July 16, 2013 11:35 ET

Coldwell Banker Preferred Expands Its Presence in Greater Philadelphia With Acquisition

PHILADELPHIA, PA--(Marketwired - Jul 16, 2013) - Coldwell Banker Preferred, a leading residential real estate brokerage company in Greater Philadelphia, today announced it has acquired the assets of Patricia E. Stevens - George A. Korkus, Inc., which does business as Coldwell Banker Realty Professionals in East Norriton Township, 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.

Co-owners Michael Korkus and Jane Korkus of Coldwell Banker Realty Professionals, will take sales roles with Coldwell Banker Preferred, which welcomes the 28 sales associates of Coldwell Banker Realty Professionals to the team. The East Norriton office will merge into the Coldwell Banker Preferred office located at 686 Dekalb Pike in Blue Bell, Pa.

"It is our pleasure to welcome the talented sales agents of Coldwell Banker Realty Professionals to the Coldwell Banker Preferred family," said Regina Coia, president of Coldwell Banker Preferred. "This sales team has a sound reputation for providing their clients with a high degree of customer service and professionalism. The addition of this great group will serve to bolster our already strong market position in Montgomery County."

"By becoming part of NRT's Coldwell Banker Preferred company, our sales associates will gain the opportunity to expand their professional goals and utilize state-of-the-art technology, robust training programs, and a comprehensive line of real estate services to support their customers and clients," said Michael Korkus. "We are excited to join this industry leader and are pleased to keep the strength of the Coldwell Banker brand."

Coldwell Banker Preferred has nine offices and a sales force of more than 600 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). For more information, please visit www.CBPref.com.

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