Washington, DC (PRWEB) December 13, 2016
TTR Sotheby’s International Realty announced today that it has reached a merger agreement with Annapolis Realty, Inc., a highly regarded luxury brokerage with over 30 years of experience in Annapolis, Maryland. Over the years, Annapolis Realty has represented some of the area’s finest luxury developments including Park Place, a mixed-use development in the heart of the city.
The newly combined entity will operate as TTR Sotheby’s International Realty and will retain the prominent brokerage office location at 209 Main Street in historic Downtown Annapolis. “We are thrilled to continue to build on the excellent reputation cultivated by Bonnie Parks and Annapolis Realty over the past 30 years. This prominent brokerage in the heart of the community will allow us to expand greatly our service to our clients – both in Annapolis and around the world,” said Mark Lowham, CEO and Managing Partner of TTR Sotheby’s International Realty.
“TTR Sotheby’s International Realty is the ideal partner for us in this market. The firm’s commitment to integrity, customer service, and leadership in the community aligns perfectly with our values,” added Bonnie Parks, the Founder and Principal Broker at Annapolis Realty. Bonnie will retain a prominent leadership role in the expanded firm and will continue to actively represent both buyers and sellers.
With the addition of the Annapolis brokerage, TTR Sotheby’s International Realty now has a total of seven offices and over 280 licensed associates across Maryland, Virginia, and The District of Columbia. The acquisition expands the firm’s presence into Anne Arundel County, Talbot County, and the City of Annapolis.
About TTR Sotheby's International Realty
TTR Sotheby’s International Realty is the exclusive affiliate of Sotheby’s International Realty in the Washington metropolitan area. As one of the highest-performing real estate agencies in the nation, the firm will close over $2.6 billion in sales in the Washington metropolitan area in 2016. TTR Sotheby's International Realty ranked number one in the Small Business category by the Washington Business Journal for its Corporate Philanthropy Award.
TTR Sotheby’s International Realty is headquartered in historic Logan Circle at 1506 14th Street, NW Washington, DC 20005. Since 1744, Sotheby’s has led the global market in the sale of the world’s finest art, precious jewels and important assets. Today, Sotheby’s International Realty network currently has more than 20,000 sales associates located in approximately 850 offices in 65 countries and territories worldwide. Property listings from TTR Sotheby’sInternational Realty are presented globally via sir.com as well as on the firm’s local website, http://www.ttrsir.com.