Coldwell Banker Residential Brokerage in Central Pennsylvania has consolidated its offices in York County, a move designed to streamline operations at one of the region’s biggest real estate companies.
The Hampden Township-based residential brokerage company said its roughly 100 agents in York and Adams counties will now operate out of an office at 2251 Eastern Blvd. in Springettsbury Township.
As part of the move, Coldwell Banker has closed three other York County offices, including locations in Springettsbury and Spring Garden townships and another office in the Hanover area.
“The real estate industry has evolved. Agents are extremely mobile and tech-savvy today,” said David Krieger, president of the regional firm. “High-tech regional centers can provide affiliated agents with the resources they require to best serve clients while on the move.”
Coldwell Banker, which has about 650 agents, now has 14 offices serving Berks, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, Perry and York counties. The company finished 2017 with nearly 8,100 transactions and about $1.63 billion in closed-sale volume, up from about 8,000 transactions and $1.57 billion in volume in 2016.
The current iteration of the company emerged in 2014 when NRT LLC, the nation’s largest broker, acquired Manheim Township-based Realty Select Inc., which was doing business as Coldwell Banker Select Professionals. New Jersey-based NRT then merged the Coldwell Banker affiliate with company-owned Jack Gaughen Realtor ERA — combining Central Pennsylvania’s No. 2 and No. 3 residential brokers — to form Coldwell Banker Residential Brokerage in Central Pennsylvania.
The combined company also retained Jack Gaughen’s headquarters in Hampden Township.
In early 2015, the company had 21 offices. At the time, it was moving and consolidating some midstate offices while renovating its headquarters.