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9/30/2013

Howard Hanna acquires the Chartwell Group

Companies consolidate to create fully integrated Hanna Chartwell, a commercial real estate corporation

 Cleveland, OH (September 30, 2013) – Howard W. “Hoby” Hanna, IV announced today the merger of Cleveland-based Chartwell Group Commercial Real Estate Brokers and their related Chartwell Auctions Accelerated Auction Group with Howard Hanna’s Commercial division. The name of the new company is Hanna Chartwell.
 
Leading the new organization as President & COO is Mac Biggar, most recently Chief Executive Officer of Chartwell Group.
“The Cleveland-based Chartwell Group broker-associates have to date implemented the sales of real assets in thirty-five states across the United States, four provinces of Canada, the Bahamas, Spain, the Netherlands, and Italy. We have further expanded our brokerage and auction capabilities by staffing branch offices in Hartford, Connecticut and Boca Raton, Florida,” said Biggar. “We are very excited to be a part of the Howard Hanna family of companies with expanded commercial brokerage and leasing. This will complement the Howard Hanna residential network of over 4,000 sales associates.”
 
Through this powerful union, Hanna Chartwell will offer office, retail, industrial, manufacturing and commercial businesses the opportunity to utilize the dynamic services already offered through Howard Hanna’s residential division. The merger will also serve to change the landscape of commercial real estate throughout Northeastern Ohio and the Midwest.
 
Hoby Hanna looks forward to the integrated abilities that the combination of two well-respected real estate companies with similar cultures and values provides.
“We have commercial real estate offices in Pittsburgh and Erie, PA, and now Cleveland, OH. Our residential brokerage footprint includes offices throughout Pennsylvania, West Virginia, New York, Northeastern Ohio and Central Michigan,” said Hanna. “Additional expansion into new real estate markets is being contemplated for 2014 and beyond. There has been a significant consolidation of major real estate brokerage brands since 2007. During the time of the recent ‘great recession,’ Howard Hanna actually experienced a growth in business. We are seeking to take the Howard Hanna name into additional areas and states in the Midwest and Mid-Atlantic U.S.”
 

Membership with TCN Worldwide Commercial Real Estate, a group of over 35 commercial real estate companies comprising 800+ independent commercial real estate professionals, affords Howard Hanna Chartwell the distinction of a large network of the most respected leaders and brokers in commercial real estate both nationally and internationally. H. Ross Ford, III, President and CEO of TCN Worldwide, was delighted to hear about the partnership. “We’re very happy for the Chartwell Group as well as the group at Howard Hanna who we know from previous relations. We are glad to see the opportunity for both teams to grow into more of a regional power in the commercial real estate market,” said Ford. “We look forward to working with all of them as we have with Chartwell for many, many years.”

 In 2012, Howard Hanna Real Estate Services achieved the milestone of over $7 billion in closed sales volume, including both residential and commercial transactions. The company looks forward to completing another record-breaking year in 2013. A 20% increase in revenue has been established as the target for Hanna Chartwell and will guarantee the ongoing success of the company’s commercial real estate division.

Howard Hanna Real Estate Services is the #1 real estate company in Pennsylvania and Ohio and the 4th largest real estate company in the United States. The family-owned and full-service real estate company specializes in residential and commercial brokerage service, mortgages, closing and title insurance, land development, appraisal services, insurance services, corporate relocation and property management. With 147 offices across PA, OH, MI, NY & WV, Howard Hanna’s more than 4,700 sales associates, management and staff are guided by a spirit of integrity in all aspects of the real estate process.

To learn more please visit www.howardhanna.com or www.facebook.com/howardhanna

Media contacts:
Elizabeth Grepp, 216-447-4477 x115, elizabethgrepp@howardhanna.com
Deborah Donahue, 412-967-9000 x328, ddonahue@howardhanna.com

 
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