@properties To Open Glenview Office
@properties is making another big bet on the north suburbs.
The company, which has more than 1,100 brokers serving the city, North Shore and Southwest Michigan, has signed a lease for a 2,750-square-foot office at the corner of Waukegan Road and Glenview Road in downtown Glenview. It is the third new north-suburban office for @properties in less than a year.
@properties also announced that it has hired Glenview resident and veteran managing broker Natasha O’Connor, 38, as vice president of brokerage services. Previously, O’Connor was managing broker of Prudential Rubloff in Northbrook.
Glenview is @properties’ fifth location in the northern suburbs, where the company has become the second largest brokerage firm just three and a half years after planting its flag with an office in Evanston. @properties is also the No. 1 brokerage firm in the city of Chicago by both transactions and sales volume.
With its Glenview office, @properties looks to gain market share in the towns off the north-suburban lakefront including Glenview, Northbrook, Golf, Morton Grove and Niles.
The combined Glenview-Northbrook marketplace had residential sales volume of $570 million during the 12-month period ended March 31, a 28 percent increase over the previous 12 months. It is a market where the top two firms account for approximately half of all residential sales volume – a condition @properties co-founders Thaddeus Wong and Michael Golden see as a huge opportunity.
“It’s a similar situation to what we’ve encountered throughout the North Shore, and we have been able to turn it to our advantage,” said Golden. “As an independent firm, we can be more responsive to our agents and clients. It’s more of a boutique feel…better service, and people obviously want that.”
“Our goal is to be the number one firm in this market,” added Wong.
Ironically, @properties will be moving into the space formerly occupied by Koenig & Strey, a real estate company founded by Ed and Norma Koenig in Glenview in 1961. The Koenig family ran the firm for 38 years until they sold it to a division of GMAC in 1999. It has been sold two times since then.
“We do feel like we’re filling that role of the independent, locally owned firm, which Glenview hasn’t seen since the Koenigs exited the brokerage business more than a decade ago,” said Wong. “We’re excited to follow in their footsteps in terms of the way they supported the community over the years.”
Wong also believes now is a good time to be coming into downtown Glenview, citing a number of new development proposals.
“The future is bright for downtown Glenview. The people of Glenview want to support their downtown. It just needs that critical mass, and we’re glad to be a part of it.”
O’Connor is confident that @properties will be well received in Glenview and surrounding towns. “As an outside observer, I thought @properties did an excellent job of demonstrating its unique selling proposition to agents and clients on the North Shore. They’ve been able to make smart decisions based on local factors, and they managed a lot of growth during a tough time. They’re going to be great for the area, and this area is going to be great for them,” O’Connor said.
@properties’ new office will open this summer.