Royal LePage Announces Major Expansion
TORONTO, October 1, 2013 – Royal LePage today announced the acquisition of Prudential Town Centre Realty operations in four regions of Ontario, which will operate under the Royal LePage banner, effective September 30, 2013.
“We are delighted to have these teams of highly regarded professionals join our company,” said Phil Soper, President and CEO, Royal LePage. “In each of these regions — Ottawa, Kingston, Niagara and Oakville — Royal LePage is already the leading real estate firm. This position of market leadership has been further strengthened with this bold move.”
Allan Bain and Michael Stothers, owners of Prudential Town Centre Realty, which is the parent of the four locations acquired, are pleased to be joining the Royal LePage network. Allan started his brokerage in Oakville in 1989 under the name Countrywide Town Centre Realty. He converted his brokerage to Prudential a number of years later, growing his business from an original six sales representatives to more than 200 working in multiple branches from Niagara, Oakville, Ottawa and Kingston. Michael Stothers joined Allan at Prudential Town Centre Realty in 2004 as a partner with management responsibility for the Oakville office. He has worked as an educator, professional recruiter and small business owner.
Outlined below are the announcements for each of the four acquisitions.
Royal LePage ProAlliance Realty
Royal LePage ProAlliance Realty has acquired the Prudential Town Centre Realty branch in Kingston, Ontario. The new Kingston office will operate under the name of Royal LePage ProAlliance Realty, effective Sept. 30, 2013.
With this acquisition, Mark Rashotte, broker/owner of Royal LePage ProAlliance Realty brings his sales force to nearly 400 agents, with 180 representatives in the Kingston area and close to 400 from Port Hope to Brockville. ProAlliance maintains No. 1 position in market share in Eastern Ontario. Mark looks forward to working with Mary Campeau and her team of 25 representatives, who have vast knowledge of the Kingston area, particularly in the new home sales market.
Mark’s career with Royal LePage dates back to 1984 when he began as a salesperson. He moved on to become a corporate manager for several years before purchasing Royal LePage brokerages in Quinte, Northumberland and Kingston in 1998/1999. Today, 16 offices fall under the ProAlliance banner.
Mark believes in giving back to the community and he has drawn upon his musical talent to raise money and awareness for charitable causes. His band, All you need is Love, has raised hundreds of thousands of dollars in support of numerous charities, with a main focus on the Royal LePage Shelter Foundation.
Mark can be reached at email@example.com or 613-966-6060.
Royal LePage Niagara Real Estate Centre
Ridgeway (Fort Erie), ON
Royal LePage Niagara Real Estate Centre has acquired the Prudential Town Centre Realty branch in Ridgeway, a suburb of Fort Erie, Ontario. The Ridgeway office will operate under the name of Royal LePage Niagara Real Estate Centre, effective Sept. 30, 2013.
Margie Spence, President of Royal LePage Niagara Real Estate Centre and Royal LePage Four Seasons Real Estate Centre, and her sons Brad Johnstone, Broker of Record, and Ryan Johnstone, Area Manager, look forward to expanding their office’s presence with the addition of the Ridgeway location. This will further solidify their No. 1 market share in the Niagara region, with more than 390 agents at Royal LePage Niagara Real Estate Centre. Royal LePage Four Seasons Real Estate Centre services cottage country with 20 agents located at their Coldwater, Ontario office.
Prior to opening Royal LePage Niagara Real Estate Centre with Brad in 1998, Margie was a corporate manager with Royal LePage Real Estate Services for 13 years. Brad says their company’s business philosophy is to treat sales representatives, support staff, management and clients as family.
Royal LePage Team Realty
Royal LePage Team Realty has acquired Prudential Town Centre Realty in Ottawa, Ontario. The new office will operate as Royal LePage Team Realty, effective Sept. 30, 2013.
Kent Browne, broker/owner of Royal LePage Team Realty and Royal LePage Gale Real Estate is pleased to further develop his company’s growth. With this acquisition, Kent will expand his sales force to over 350 agents. This will augment his notable market share of 30 per cent in the Ottawa area. Kent’s team also includes more than 175 agents at Royal LePage Gale Real Estate.
Kent has had an extensive career with Royal LePage, dating back to his start in real estate 29 years ago. He made the transition from Royal Trust to Royal LePage, and he purchased Team Realty in 2002. Kent is a past president of the Ottawa Real Estate Board, and is involved in several charities including the Royal LePage’s Shelter Foundation, where he has lent his considerable skills as an auctioneer.
Kent can be reached at firstname.lastname@example.org 613-725-1171.
Royal LePage Real Estate Services Ltd.
Royal LePage Real Estate Services Ltd. has acquired the Prudential Town Centre Realty branch in Oakville, Ontario. The Oakville office, located at 280 North Service Road West, will operate under the name of Royal LePage Real Estate Services Ltd, effective Sept. 30, 2013.
Gino Romanese, Senior Vice President, looks forward to further strengthening Royal LePage Real Estate Services Ltd.’s dominant position in the Oakville market. Gino’s team includes more than 1,390 agents in the Greater Toronto region. “Building on Royal LePage’s cross-Canada momentum, these mergers are a clear win for our new REALTORS® and their clients,” said Gino Romanese.
Michael Stothers will join the corporate management team as Manager of the former Prudential Town Centre Realty operation in Oakville, Ontario.
Please join me in congratulating the teams at Royal LePage ProAlliance Realty, Royal LePage Niagara Real Estate Centre, Royal LePage Team Realty, and Royal LePage Real Estate Services Ltd. We wish them much continued success.
George Heos Senior Vice President, Network Development
This communication was sent to you by Royal LePage Canada.