Nothnagle announced today the launch of Nothnagle Realtors Property Center, a franchised office under the ownership and management of industry veteran Mark Pagano. Nothnagle Realtors Property Center will open in two locations by early 2010, in the City of Buffalo and in the Clarence/Williamsville area.
“Our current growth strategy focuses on establishing partnerships with other like-minded brokers to provide them with a successful platform to become market leaders in their area. The franchise arrangement allows brokers to maintain their independence while tapping into our successful infrastructure. Mark Pagano is an experienced broker with an exceptional business-sense. We share the same vision and believe that by empowering agents with the most innovative tools in the industry, we can offer the best buyer and seller experience in the Buffalo market,” said Armand D’Alfonso, President and CEO of Nothnagle Realtors.
This is the first franchise sale for Nothnagle Realtors. However, Nothnagle Realtors is familiar with franchise operations having launched the first real estate franchise system in the country back in the 1950’s. At its peak, the “Gallery of Homes” franchise had an international network of 1,100 offices prior to being sold off in the 1980s.
“Nothnagle not only creates innovative tools, they use them every day as a real estate company, so they understand the challenges I face in today’s market because they face them too. From the award-winning consumer-focused website, Nothnagle.com, to the comprehensive marketing tools and agent systems, Nothnagle’s advanced technologies have not been available in one platform in our market before now. It is a great fit for us. Our clients and agents will all benefit as a result,” said Mark Pagano, President of Nothnagle Realtors Property Center.
Nothnagle recently hired Jay Teresi, Director of New Business Development, to handle our franchise operations. Jay has over 20 years experience in the financial and real estate industries. He owned his own real estate company in Manhattan and before joining Nothnagle, he worked for Weichert Real Estate Affiliates, growing their franchise company in several Northeast states.
Nothnagle’s goal is to initially concentrate on franchise sales in New York State and then move beyond into New Jersey and Pennsylvania. This will not affect the company-owned branches; all 24 will remain under the same ownership and management.