East Tennessee real estate company with 84 years in business ranked highly by Coldwell Banker Real Estate LLC
March 4, 2020 Knoxville, Tenn — Coldwell Banker Wallace, a Knoxville-based real estate company since 1936, has once again earned the rank of #1 Coldwell Banker franchisee in the state of Tennessee in both its residential and commercial divisions.
Coldwell Banker Real Estate, LLC and Coldwell Banker Commercial recently released the 2019 rankings, which included closed transactions, sales volume, number of offices and number of sales associates.
The company’s residential division, Coldwell Banker Wallace, has earned a #1 state-wide ranking based on closed transactions for 2019. This is the fourth consecutive year the company has received this honor. CB Wallace agents sold nearly $700 million worth of properties and helped 3,085 buyers and sellers during 2019.
Coldwell Banker Commercial Wallace was also named as the top franchisee in the state for 2019, among other Coldwell Banker Commercial affiliates. This is the 21st consecutive year the company’s commercial division is receiving this honor.
“We’re extremely proud to be the top franchisee in the state for both our residential and commercial divisions,” said George Wallace, COO of CB Wallace. “It’s definitely a significant honor and we share and celebrate with each member of our Wallace family of professionals.”
Coldwell Banker Wallace ranked among the top 50 residential Coldwell Banker companies nationwide for units sold, out of 700 total Coldwell Banker franchises.
The company’s top ranked Vickie Bailey Team was also named among the top three Coldwell Banker teams in the state for 2019.
On the commercial side, Bryan Petett was named the #1 Coldwell Banker Commercial agent in the state of Tennessee for 2019. Petett also received the “Bronze Circle of Distinction.” CB Wallace Commercial’s Chris Bruce was ranked 2nd in the state of Tennessee, with John Lyle ranking 3rd.
Much has changed in the real estate market since the company’s founding in 1936. Most recently, the company has undergone a rebranding, with a new streamlined DBA and a sleek, modern logo to represent the rich history as well as the bright future of the brand.
“Coldwell Banker has put an extraordinary amount of time, effort and creativity into establishing the new brand which we have incorporated into our company here as Coldwell Banker Wallace,” said Claudia Stallings, VP of Residential Sales. “We know change is necessary to create an atmosphere and an environment where our agents can thrive.”
CB Wallace is a a family owned company that started in 1936 with one office on Gay Street in Downtown Knoxville. It has now grown to more than 350 sales associates and six offices around the area, including Farragut, West Town, Bearden, Northshore, and North Knox.
In addition to residential and commercial real estate services, the company is also comprised of a Relocation Department, Property Management, and Real Estate Closing Services.
“CBWW has long been a leader in our industry,” said Jim Wallace, CFO of CB Wallace. “Our goal is to empower our agents to leave their mark. And our clients recognize that Coldwell Banker Wallace is the best of both worlds: the power of a global brand combined with local expertise and proven success over the past eight plus decades in East Tennessee.”