With @properties, we gain the marketing infrastructure, back-office support and referral opportunities of a large firm without sacrificing the boutique brand of service that is the essence of Chambers Cross.
Winnetka, Illinois (PRWEB) April 16, 2012
Chicago-based @properties has completed a merger with Chambers Cross & Associates, a boutique North Shore real estate brokerage firm specializing in luxury home sales in New Trier Township. @properties co-founders Michael Golden and Thaddeus Wong made the announcement.
Chambers Cross & Associates was established in 1993 when Cheryl Chambers and the late Wendy Cross acquired Continental Realtors of Winnetka. In 2011, Chambers Cross & Associates was the 10th highest-producing real estate firm in New Trier Township, according to real estate data provider BrokerMetrics. Its brokers focus primarily on the luxury North Shore real estate market, with an average transaction price, year to date, of $1.415 million versus an area average of just under $950,000.
The merger is the latest volley in @properties’ aggressive North Shore expansion. The company’s market share within New Trier Township grew to 17.03% for the 12 months ended March 31, 2012, from 10.24% for the previous 12 months and 1.92% for the same period two years ago. @properties also opened an office in Lake Forest in January and is opening a Highland Park office this spring.
“With @properties, we gain the marketing infrastructure, back-office support and referral opportunities of a large firm without sacrificing the boutique brand of service that is the essence of Chambers Cross,” said Cheryl Chambers. “We believe it’s the ideal opportunity to better serve our North Shore real estate clients and grow our business.”
“Cheryl and her team not only are some of the best brokers on the North Shore; they are also second- and third-generation area residents who are as entrenched in the community as anyone you will find. It’s a group that is synonymous with North Shore real estate,” said Thaddeus Wong.
“We have a great deal of respect for Chambers Cross and what they have built over the past 20 years. They have an outstanding reputation, and we’re honored that they have chosen @properties as the platform to move their business forward,” added Michael Golden.
Among the Chambers Cross brokers joining Ms. Chambers at @properties are Jennifer Black, Margaret Burton, Laurie Baker-Foster, Celia Nelson, Helen Panje, Bud Chambers and Laura Collyer, daughter of Chambers Cross co-founder Wendy Cross.
Ms. Chambers and her team will be based out of @properties’ Winnetka office, located at 30 Green Bay Road. They will continue to display Chambers Cross & Associates branding, in addition to @properties branding, in advertising, collateral and signage.
Established in 2000, @properties is the No. 1 real estate brokerage firm in the city of Chicago by market share and the fastest-growing North Shore real estate brokerage firm. The company offers residential and commercial brokerage; property management; sales and marketing for new-construction and condominium conversion developments; and institutional services for distressed and REO property. @properties has more than 1,000 licensed brokers in nine city and North Shore locations: River North, Lincoln Park, Lakeview, Bucktown, Streeterville/Gold Coast, Evanston, Winnetka, Lake Forest and Highland Park (opening spring 2012). For more information, visit http://www.atproperties.com.