Chicago. IL, February 3, 2017 – Coldwell Banker Residential Brokerage in Chicago today announced it has acquired the assets of Organic Realty in Chicago, Illinois. The acquisition strengthens Coldwell Banker Residential Brokerage’s real estate sales operations, which include 52 offices and approximately 3,500 independent sales associates in Chicagoland, Northwest Indiana, Southeast Wisconsin and Southwest Michigan. The Organic Realty office is currently located at 3659 North Kedzie Avenue in Chicago. The newly acquired operations will now conduct business under the Coldwell Banker brand with its sales associates working out of Coldwell Banker Residential Brokerage’s existing Edgebrook office. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation's largest residential real estate brokerage company.
“This acquisition provides us with a key opportunity to further expand our sales efforts to clients across Northwest Chicago and beyond,” said Fran Broude, president and COO of Coldwell Banker Residential Brokerage in Chicago. “Organic Realty brings to our company an innovative vision and a seasoned group of highly productive professionals. We’re thrilled to gain their expertise as we look to further enhance our customer real estate experience.”
The firm’s former owners, BJ Tregoning and Rich Mell, will both continue with Coldwell Banker Residential Brokerage as independent sales associates.
“Coldwell Banker Residential Brokerage is widely known as a trusted leader and innovator within real estate,” said Tregoning. “We couldn’t be happier for our independent sales associates to now have access to a more comprehensive marketing value proposition, as well as the education and leadership guidance necessary to take their business to new heights,” added Mell.