RE/MAX Suburban, 5th Largest Residential Brokerage in the Chicago Area, Acquired by New Ownership Group
RE/MAX Suburban, the fifth largest residential brokerage organization based in the Chicago area, has been acquired by business executives Chad and Sarah Gilbert.
CHICAGO, ILL. (PRWEB) October 23, 2015 - RE/MAX Suburban, the fifth largest residential brokerage organization based in the Chicago area according to the most recent national ranking by REAL Trends magazine, has been acquired by Chad and Sarah Gilbert. RE/MAX Suburban, based in Mt. Prospect, Ill., also has six other offices with locations in Arlington Heights, Glen Ellyn, Libertyville, Schaumburg and Wheaton, Ill. In 2015, its nearly 200 brokers are projected to close $950 million in sales.
The Gilberts are both experienced business executives. Chad Gilbert, 35, who will serve as president of RE/MAX Suburban, most recently was vice president at Stericycle, Inc., a Fortune 1,000 company headquartered in Lake Forest, Ill. Prior to that, he was vice president of national sales for Reinhart Foodservice of Rosemont, Ill.
He has a proven track record leading strong teams and growing companies and successfully led sales organizations ranging from $200 million to more than $3 billion.
Sarah Gilbert also possesses extensive managerial experience and is currently a director with the nation's largest drugstore chain.
“We are poised and prepared to honor the great 38-year history of RE/MAX Suburban while taking it to new levels,” said Chad Gilbert. “We are committed to aggressively expanding the organization, while keeping our brokers success as our top priority. In the competitive Chicago market, we are proud to have some of the most effective brokers on our team, and we will be making the investments that will allow them to further enhance their productivity and better serve their clients.”
Established in 1977 by Robert Baker and James Nelson, Sr., RE/MAX Suburban has a long successful history in the Chicagoland market. It is the largest RE/MAX franchised real estate brokerage in Illinois.
The Gilberts are committed to continuing the exceptional success achieved by the Baker/Nelson team. Toward that end, James (Jim) Nelson, Jr., previous partner and managing broker, will remain with RE/MAX Suburban as vice president and general manager.
“It is important to us to maintain a high level of continuity in our operations and to remain a family-oriented culture,” said Chad Gilbert.
RE/MAX Suburban will also continue involvement in its communities by supporting the Chicago’s Lurie Children’s Hospital and Children’s Miracle Network (CMN), to which the organization and its brokers have donated $380,000 in the past 20 years.
Jim Merrion, regional director of the RE/MAX Northern Illinois network, noted that the new RE/MAX Suburban leadership combination of Gilbert and Nelson, Jr., holds great promise in a real estate industry that continues to cope with rapid technological change.
“Jim Nelson, Jr. has a proven track record in our industry, while Chad and Sarah bring a new level of enthusiasm backed with the necessary marketing, sales and management expertise,” said Merrion. “I have every confidence they will make a terrific team.”
RE/MAX Suburban is an award-winning organization, ranking as the 16th largest RE/MAX brokerage in the nation based on closed transaction sides, according to REAL Trends.
The RE/MAX Northern Illinois network, headquartered in Elgin, Ill., consists of more than 2,250 sales associates and 105 independently owned and operated RE/MAX offices that provide a full range of residential and commercial brokerage services. The northern Illinois network is part of RE/MAX, a global real estate organization with 100,000+ sales associates in 90+ nations. For more on RE/MAX Suburban, its brokers and offices visit http://www.remaxsuburban.com. To find commercial and residential properties for sale in the region visit http://www.illinoisproperty.com
Editor’s Note: RE/MAX® is a registered trademark. Please spell in all caps. Thank you. This release is posted at blog.illinoisproperty.com.
RE/MAX Northern Illinois
+1 (847) 428-4200