WAYZATA, Minn. - June 18, 2008 - Effective Monday, June 23, SKY Sotheby's International Realty will move into the company's new office, at 130 Lake Street West, to better accommodate and serve its customers and agents.
Following a 10-month search for a location, the firm selected the downtown Wayzata workplace near Lake Minnetonka, a more fitting office space for their client base and sales associates. The firm's Minnesota headquarters will remain at 4388 France Avenue South in Edna.
"Convenience for our clients and agents was an important factor in our decision, but it was also essential to select space that appropriately reflects our success," said Jacob Smith, Sales Manager, SKY Sotheby's International Realty. "The new space accomplishes all of these factors."
Since SKY Sotheby's International Realty's 2006 entrance into the Minnesota market, the company has been committed to bringing the Minneapolis/St. Paul area unprecedented platinum-level service, marketing expertise and individual attention.
"We remain committed to our objectives and plan to grow our agent base, who will be strategically located throughout the Twin Cities and northern Wisconsin, to a total of 300, delivering sales in excess of $2 billion annually," said Chad Roffers, President of SKY Sotheby's International Realty. "We followed a comparable growth strategy in our Florida operation and the market dynamics in the Twin Cities present a similar opportunity."
Currently, SKY Sotheby's International Realty has 25 top-tier sales associates with extensive experience in the Minnesota market and is actively adding high-quality team members. With availability for 10 additional agents in the third quarter of 2008, SKY Sotheby's International Realty welcomes those agents who embrace the company's competitive difference. The company's full-time agents focus intently on their customers and are committed to handling every transaction as if it were their own.
About SKY Sotheby's International Realty
As Minnesota's leading luxury real estate brokerage and exclusive Sotheby's affiliate, SKY Sotheby's International Realty represents the area's most distinctive properties and people. Combining the impeccable customer service of a boutique firm with the global resources and 260-year-old reputation of the Sotheby's brand, the company offers a unique and highly personalized approach to the luxury real estate market. Since its formation in 2006, the employee-owned company has enjoyed unprecedented momentum and unusual success driven by a strong focus on the customer. Connecting qualified buyers and sellers from around the world, SKY Sotheby's International Realty has Florida offices in Sarasota, Lakewood Ranch, Longboat Key and Osprey, as well as Minnesota, and is part of the Sotheby's global network of 9,000 affiliates in more associates in more than 470 offices in the U.S. and 29 other countries and territories. Experience the SKY Sotheby's difference at www.skysothebysrealty.com.
About Sotheby's International Realty Affiliates, Inc.
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty® network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Cendant Corporation (NYSE: CD), the world's leading real estate brokerage franchisor, entered into a long-term strategic alliance with Sotheby's Holdings, Inc. (NYSE: BID; LSE: STBA). The agreement provided for the licensing of the Sotheby's International Realty® name and the development of a full franchise system by Sotheby's International Realty Affiliates, Inc., a Cendant subsidiary. The agreement also included the acquisition of the company-owned real estate brokerage offices by NRT Incorporated, a Cendant subsidiary that owns and operates those offices today as Sotheby's International Realty, Inc. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates, Inc. supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable, 260-year-old Sotheby's auction house. For more information, visit www.sothebysrealty.com.
