Coldwell Banker Residential Real Estate Acquires Coldwell Banker Wikle Properties in Palm Harbor, Florida

St. Petersburg, Fla. - Nov. 17, 2009

Coldwell Banker Residential Real Estate LLC announced today that it has acquired the assets of Palm Harbor, Fla.-based Coldwell Banker Wikle Properties, including both its residential and commercial real estate operations. The combined company will operate as Coldwell Banker Residential Real Estate.

The Coldwell Banker Wikle team, which serves the Palm Harbor and Tarpon Springs area, will be joined with associates from the Coldwell Banker Residential Real Estate and Coldwell Banker Commercial NRT office located at 29 North Pinellas Avenue in Tarpon Springs and operate from Coldwell Banker Wikle's Palm Harbor location at 4705 Alt. Highway 19.

Paul Wikle, president/owner of Coldwell Banker Wikle Properties, will remain with the organization as part of the commercial real estate team. Sue Flaig, office manager of Coldwell Banker Residential Real Estate's Clearwater office, will oversee the Palm Harbor office.

Coldwell Banker Residential Real Estate will now have nearly 750 real estate sales associates in the local Tampa Bay market and nearly 5,000 associates throughout Florida, located in 76 offices.

"Backed by a history of service excellence, Coldwell Banker Wikle has been a prominent real estate company in the local community for 17 years," said Clark W. Toole, III, president of Coldwell Banker Residential Real Estate. "Sales associates and clients of this well-respected, independently owned full service company will now benefit from additional resources and new advantages in marketing, technology and consumer related programs."

Wikle stated, "I am very excited about the opportunities that lie ahead for our customers and associates. Since opening our company in 1992, providing excellent customer service has always been our top priority. This evolution of our business is a winning combination for both our associates and our community as we continue to leverage the powerful Coldwell Banker brand."

Jerry Lamb, director of Coldwell Banker Commercial NRT operations in Tampa Bay added, "This acquisition expands our commercial footprint for a stronger presence in the local market. We look forward to working with the commercial team."

About Coldwell Banker Residential Real Estate:
Coldwell Banker Residential Real Estate (FloridaMoves.com) is the leading real estate brokerage company in Florida, serving the communities of Central Florida, Palm Beach, Southeast Florida, Southwest Florida and Tampa Bay. With nearly 5,000 sales associates in 76 offices, Coldwell Banker Residential Real Estate is part of NRT LLC, the nation's largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy's company-owned real estate brokerage offices.


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