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Coldwell Banker Residential Brokerage Acquires Batjac Real Estate Corp. In Suffern, New York
Company adds additional office in Rockland County, N.Y
PARSIPPANY, N.J. – Feb. 13, 2007
Coldwell Banker Residential Brokerage in New Jersey and Rockland County, N.Y., today announced that it has acquired Batjac Real Estate Corp. (Batjac) in Suffern, N.Y. The company will now operate as Coldwell Banker Residential Brokerage at its current location at 23 Indian Rock in Suffern, N.Y. This acquisition gives Coldwell Banker Residential Brokerage an additional office in Rockland County, including its current sales office in New City, N.Y.
Former Batjac owner and principal Gail Posnack will remain with Coldwell Banker Residential Brokerage as branch manager for the Suffern office.
"Batjac is a well-respected name in Rockland County and Gail enjoys a solid reputation in the community. Our business philosophies are well-aligned along with our shared commitment to provide exceptional customer service and premier products for our clients," said Ronnie Laiken, president and chief operating officer of Coldwell Banker Residential Brokerage in New Jersey and Rockland County, N.Y. "This acquisition also expands our market coverage in Rockland County and strengthens our presence in the New York state market."
"We are delighted to be a part of Coldwell Banker Residential Brokerage, a company that exemplifies quality and the highest integrity," said Posnack. "With their long history of extraordinary customer service and proven results, we are confident of a smooth transition and a winning outcome for our clients and sales associates."
The Batjac sales team of 38 sales associates brings a solid track record of success and accounted for $87 million in total closed sales volume during the past 12 months.
Coldwell Banker Residential Brokerage has 64 offices in New Jersey and Rockland County, N.Y., with a Rockland County sales force of nearly 100 to better serve buyers and sellers.
Coldwell Banker Residential Brokerage in New Jersey and Rockland County, N.Y., is a member of the NRT family of companies. NRT Incorporated, a subsidiary of Realogy Corporation (NYSE: H), is the nation's largest residential real estate brokerage company. NRT (www.nrtinc.com) has more than 1,000 offices and 64,000 sales associates operating in more than 35 major metropolitan areas. In 2006, NRT posted a record $194 billion in closed sales volume.
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