buys isle firm
The real estate giant isBy Russ Lynch
expanding with the acquisition
of Wade Ltd. Realtors
Coldwell Banker Pacific Properties, created in 1995 as a joining of four prominent Hawaii real estate firms, has added another to its group with the acquisition of Kailua-based Wade Ltd. Realtors.
Terms of the acquisition were not disclosed.
Founded by Jean and Robert Wade in 1970, the Wade firm has become a prominent real estate agency in Windward Oahu and has 28 agents.
It will merge with the new parent to become the Windward office of Coldwell Banker Pacific Properties.
The company's office on Hekili Street will be expanded, said C. Scott Bradley, managing director of the Coldwell Banker firm.
Coldwell Banker Pacific Properties is an independently owned franchise of Coldwell Banker Affiliates Inc., created by the merger of Bradley Properties Ltd., Conley Dew Ltd. Realtors, Dolman Associates and Coldwell Banker McCormack.
"The 1995 merger laid a strong foundation from which to build," Bradley said.
"We have been successful in growing the company by 27 percent each year since that time."
With the addition of the Wade agency, the company will have 268 real estate agents and 40 employees.
Robert Wade said it is time for a gracious retirement for the Wades and for the Wade staff to move on and "continue to grow professionally."