Coldwell Banker Franchise Howard Perry and Walston Gains Coldwell Banker Realty Center in Merger

Raleigh, NC --(PR.com)-- Don Walston, Founder and Executive Chairman of Coldwell Banker Howard Perry and Walston (www.hpw.com), has announced the merger of Coldwell Banker Realty Center with the firm, which will continue to operate under the name of Coldwell Banker Howard Perry and Walston. In this landmark strategic alliance, agents at Coldwell Banker Realty Center's office in Southern Village in Chapel Hill will relocate to Coldwell Banker Howard Perry and Walston's Chapel Hill office on Franklin Street. Coldwell Banker Realty Center was established in 1982 and was an independently-owned affiliate of Coldwell Banker. The company was started by brokers with more than 35 years of experience in local residential sales and it joined the franchise in 1985. Coldwell Banker Realty Center holds a world class reputation for quality service, and through the new strategic alliance, it will be able to seamlessly provide additional technology and marketing services to its customers. The alliance provides Coldwell Banker Howard Perry and Walston with a greater number of sales associates and an expanded customer base.

Quotes:
"We are very pleased to announce the merger of Coldwell Banker Realty Center with Coldwell Banker Howard Perry and Walston," said Don Walston, chairman and co-founder of Coldwell Banker Howard Perry and Walston. "The agents will be an excellent addition to our company and we look forward to working with them and growing Coldwell Banker Howard Perry and Walston's reputation as the #1 full-service residential real estate company in the Chapel Hill area and the Triangle."

"This is a well-chosen strategic move for Coldwell Banker Realty Center that will bring tremendous benefits to our customers," said Bob Vermilya, Broker/Owner at Coldwell Banker Realty Center. "We look forward to expanding our capabilities and providing our clients with an even greater range of technology and marketing services."

About Coldwell Banker Howard Perry and Walston:

Howard Perry, an established builder, and Don Walston, a real estate entrepreneur, formed Coldwell Banker Howard Perry and Walston in 1972. Today the company is the #1 Coldwell Banker company in North Carolina, has more than 550 real estate professionals, sales offices across the Triangle, the area's premier new homes division, a mortgage company, insurance services division, title company, an award-winning relocation division, a home services division, the area's No. 1 real estate school, and one of the state's top real estate Web sites. The company has become one of the largest full-service residential real estate company in the Triangle and one of the leading realty firms in the nation, with more than 6,000 transactions a year and over $1.3 billion in sales. In 2007, 2008 and 2009 RealTrends recognized Coldwell Banker Howard Perry and Walston as the #1 real estate company in the Triangle area. In 2008 and 2009, the Triangle Business Journal recognized the company as the #1 real estate firm in the Triangle. In 2007 and 2008 they were named the #1 Best Place to Work in the Triangle by the Triangle Business Journal and received the National Coldwell Banker Golden Hammer Centennial Award for their commitment and work with Habitat for Humanity.

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