Howard Hanna Real Estate Services of Pittsburgh said Monday it expanded its Ohio operations with the purchase of Realty One, Ohio's second-largest real estate company, adding 34 offices and 1,400 sales associates.
No price was disclosed on the deal, which was completed Friday.
It is Howard Hanna's second major acquisition in Ohio. In 2003, the company acquired Smythe Cramer Co., adding 2,800 sales associates and 400 employees in northeast Ohio.
The acquisition, which ranks Howard Hanna as the fourth largest real estate company in the nation with $3.6 billion in sales though Sept. 20, brings the total of Hanna offices nationally to 152 offices and 4,400 sales associates, in Pennsylvania, West Virginia and New York.
Realty One, headquartered in downtown Cleveland, will be renamed Howard Hanna, said Helen Hanna Casey, the company's president. It will bring to 79 the number of Hanna offices in Ohio, primarily in the Cleveland area.
"This is a clear demonstration of our company's commitment to this region and the core markets we serve, to their economic vitality and qualify of life people enjoy," said Howard W. "Hoddy" Hanna III, chairman of Howard Hanna Real Estate Services.
Barbara Reynolds, Realty One president, will serve as marketing director of Howard Hanna Real Estate Services Ohio. Howard W. "Hoby" Hanna IV is the president of the Ohio unit.
In addition to the sales associates, Realty One has 163 employees.
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