One of the leading realtors in the Piedmont-Triad is closing. Coldwell Banker will close its Lexington office on December 31, 2010. The company is struggling to keep up as many homeowners face foreclosure. The Lexington location was over 2,000 square feet. But it isn't the only office to say goodbye to the area.
General Manager for Coldwell Banker Triad Jodie Tate confirmed the Davie County office in Advance, and the Clemmons office will close as well. In addition to the closures, one administrative position in each of the two offices will be eliminated, and agents will have the option to stay at the firm. Tate said realtors in the Lexington office would be based out the High Point, Kernersville, or Winston-Salem office. Davie County Realtors would likely go to Winston-Salem as well.
"The goal of all this is not only to streamline expenses, but to move in the direction the national real estate business is going,” Tate said.