Merger image via Shutterstock.
Howard Hanna Real Estate Services, a dominant player in residential real estate in Pennsylvania and Ohio, is expanding its commercial footprint with the merger of Cleveland-based Chartwell Group Commercial Real Estate Brokers and Chartwell Auctions Accelerated Auction Group.
Chartwell Group CEO Mac Biggar will lead the new organization, Hanna Chartwell, as president and chief operating officer, with a goal of increasing revenue by 20 percent, the companies said.
With brokerage and auction offices in Cleveland, Ohio; Hartford, Conn.; and Boca Raton, Fla., the company has handled commercial sales in 35 U.S. states, four Canadian provinces, the Bahamas, Spain, the Netherlands and Italy, Biggar said.
Based in Pittsburgh, family-owned Howard Hanna Real Estate Services claims more than 4,700 associates working out of 147 offices in Pennsylvania, Ohio, Michigan, New York and West Virginia.
In a statement, Howard W. “Hoby” Hanna IV said the company previously had commercial real estate offices in Pittsburgh and Erie, Pa.
“Additional expansion into new real estate markets is being contemplated for 2014 and beyond,” Hanna said. “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.”