Kitty Hawk, N.C.-based real estate firm Coldwell Banker Seaside Realty has expanded its presence on the Outer Banks with the acquisition of nearby local firm Ocean Realty for an undisclosed sum. The deal represents the third such acquisition since the firm first went under the Coldwell Banker banner back in 2000.
Coldwell Banker Seaside Realty plans to convert Ocean Realty's 2503 N. Croatan Highway, Kill Devil Hills, N.C. offices into a third branch, in addition to its headquarters at Kitty Hawk and a second branc at Elizabeth City, N.C.
As a result of the acquisition, Coldwell Banker Seaside Realty immediately becomes the single largest real estate firm in the Outer Banks area, with 48 sales associates in total.
Coldwell Banker Seaside Realty President Gordon Jones spoke well of Ocean Realty, saying the company's solid leadership and professional brokers would be an asset to the larger firm.
“We felt that Ocean Realty would be a great fit with our culture, values and vision to be the best real estate services company in the region,” Jones said, explaining his rationale behind the acquisition. “Growth brings opportunities for all members of the team. It allows us to provide our clients, brokers and employees more tools and benefits. Ocean Realty is a team of dedicated professionals who put their clients first. As such, Ocean Realty was a perfect fit with our plans for growth.”
Ocean Realty's history in the Outer Banks area dates back to 1989, when it first started serving the area under its old name Re/Max Ocean Realty. The firm's owner/broker David Perrot has worked in real estate in the area since 1980, joining Ocean Realty in 2007, before purchasing the firm in 2009.
As one of Outer Bank's most experienced real estate pros, Perrot has served in numerous positions within the Outer Banks Association of Realtors, winning the Realtor of the Year award in 1985, and serving as the association's president in 1988. He will continue to serve as a managing broker at Coldwell Banker Seaside Realty.
“Throughout my career, there are very few real estate scenarios that I haven’t been exposed to,” Perrot said. “As the managing broker of the Kill Devil Hills office, part of my responsibilities will be to put my experience into action for the benefit of all of the agents with Coldwell Banker Seaside Realty. Together, our combined team will be the place consumers of Outer Banks real estate will continue to find ‘the best in service.’ I am looking forward to this new chapter in my work life, and I’m proud to be affiliating with Coldwell Banker Seaside Realty.”