The fast-growing home market in the middle of the Cincinnati/Dayton area has led a southwest Ohio real estate franchise to expand into Butler County.
Coldwell Banker Heritage, the largest residential realtor brokerage in Dayton has bought out the Middletown Coldwell franchise — Coldwell Banker Oyer at 440 S Breiel Blvd..
The acquisition will allow Coldwell Banker Heritage to further expand in its 51st year as a company, according to Ron Sweeney, managing partner.
“They sell in areas that we don’t,” Sweeney said. “They’re in Butler County and in parts of Warren (County) that we might not be. They’re in Carlisle, Franklin, Middletown, Monroe, Trenton and Edgewood, areas that we’re not affiliated with, so there’s not much overlap, which I like.”
Coldwell Banker Oyer was started in 1970 by Irwin Hank Oyer and his son, Steve Oyer. Michael Combs, a longtime Middletown resident, purchased it in 1989 and quickly affiliated with Coldwell Banker, Sweeney said. Combs will manage that location moving forward, he said.
Besides a nameplate change to Coldwell Banker Heritage, the realtor brokerage also will open a new office in Monroe this October in a newly constructed strip center on Ohio 63 just north of Cincinnati Premium Outlets, Sweeney said.
“That helps our expansion that way, as well,” Sweeney said. “I like it because there’s a lot of growth that’s happening in that area. We’re just not servicing those customers in that area and we need to.”
Coldwell Banker Heritage, which has a corporate headquarters at 4060 Executive Drive in Dayton, was started in 1967 as Heritage Realtors. The company franchised with Coldwell Banker in 1996.
Last year, Coldwell Banker Heritage consolidated two of its offices into a new 10,000-square-feet Washington Twp. office at 8534 Yankee St. in the Galleria Building.
The 64,000-square-foot building was renamed the Coldwell Banker Building and now has 70 Coldwell Banker employees working out of the leased office space.
Coldwell Banker Heritage has 410 agents in the Dayton area in nine sales offices, plus a newly-acquired office in Richmond Ind., the most the company has had in its 51 years. Acquisition of Coldwell Banker Oyer increases total staffing to 445.