The merger of two long-established real estate firms in the Merrimack Valley area has further strengthened the Re/Max organization in that segment of Essex and Middlesex County Real Estate market. The merger involved the acquisition of Re/Max Preferred of Methuen, one of the pioneer RE/MAX offices in New England which has been in business for twenty five years, by Re/Max Prestige with offices in Chelmsford, Dracut, Billerica, Tewksbury, Pelham, Tyngsboro, Groton, and Westford, as well as two offices in Western Massachusetts in Wilbraham and East Longmeadow.
“Given the strength of the Re/Max brand in our area, we’re very excited about the prospect of expanding further into the Methuen Market” said Andrew Armata, who along with his partner, Stacey Alcorn, acquired the Methuen office of Re/Max Preferred in November. The Prestige Lawrence office has been merged into the Re/Max office in Methuen and will now host more agents and continue operating under the Re/Max Prestige name.
Armata noted that even with existing offices in eight surrounding towns, the idea of adding a Methuen location was quite attractive. “People like doing business with a real estate firm that has an office in their community, so even though the current business environment is not one that makes it easy to expand, we felt it was an opportunity we should not pass up. It gives us top franchise marketshare in both Methuen and Lawrence as well as additional marketshare in Haverhill, North Andover, and Salem NH, he said.
Armata noted that the Prestige office is also perfectly located because, like his other Merrimack Valley offices it offers great opportunity for further expansion up both the Route 93 and Route 495 Corridors. “The multiple offices throughout MA & NH really offers both our agents and customers a lot of convenience,” Armata said.
RE/MAX Prestige now has approximately 200 agents and is the largest RE/MAX office in New England. As well, the firm in total is expected to come in number five in unit sales for all real estate offices in Massachusetts for 2009.