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PRUDENTIAL TROPICAL REALTY ANNOUNCES ACQUISITION
13th May 2005 Back

Prudential Tropical Realty is pleased to announce the acquisition of Chandler & Co. in Lakeland, Fla.

NEW PORT RICHEY, Fla. - (May 13, 2005) – Prudential Tropical Realty is pleased to announce the acquisition of Chandler & Co. in Lakeland, Fla. This brings the total number of Prudential Tropical Realty offices to 12 with approximately 450 associates. The acquisition also expands the Prudential Tropical Realty territory to four counties – Hillsborough, Pinellas, Pasco, and Polk.

Prudential Tropical Realty acquired the Lakeland boutique firm to expand its reach east into Polk County. Since its inception in 2001, Chandler & Company has been recognized as Lakeland’s leading number-one independent real estate firm specializing in residential properties. In 2004, Chandler & Company boasted sales of more than $41 million.

"Lakeland is an area we want to be in because it is such a strong market with tremendous relocation activity and because it is so closely intertwined with the Tampa Bay area," explained Dewey Mitchell, co-owner of Prudential Tropical Realty. "The potential there is very good as it fits perfectly into a strategic plan that will allow us to provide physical coverage throughout the Greater Tampa Bay area. Chandler & Co. is a good cultural fit for us because Dee and her team stand for professionalism and integrity – the same attributes we live by at Prudential Tropical Realty."

Chandler & Company has served Lakeland and Polk County’s real estate needs for the past four years. With the changing needs of the consumer and the power of technology and the Internet, Dee Chandler decided that her independent firm needed to align itself with a powerful presence in the marketplace. After much research, Chandler decided to align her firm with Prudential Tropical Realty.

"The philosophies of the owners of Prudential Tropical Realty were so in line with my own that aligning Chandler & Co. with them was an easy choice," stated Chandler. "Being affiliated with Prudential Tropical Realty will afford our Polk County clients the opportunity to work with a company that offers real estate services nationwide. Having connections to relocation, property management, mortgage, title, and the latest technology, including Prudential’s exclusive agreement with Yahoo! Real Estate, will allow our clients’ largest asset – their homes – exposure that is second to none."

Chandler and all the realtors on her team will remain with the firm and become a part of Prudential Tropical Realty’s team.

Prudential Tropical Realty has 12 offices located throughout Hillsborough, Pinellas, Pasco, and Polk counties and consistently ranks among the top five real estate companies in the area. Locally owned and operated since 1959, the Prudential Tropical Realty team offers residential, commercial, property management, relocation, title, and mortgage services.

 
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Brock communications group