For Immediate Release Contact: Sarah Thornton
April 5, 2011 PH: 702-239-0785; firstname.lastname@example.org
Prudential Americana Group Acquires Arizona Franchise
Company Adds Nearly 600 Sales Executives and Employees
LAS VEGAS (April 5, 2011) Today Prudential Americana Group announced the acquisition of Prudential Arizona, a franchise operating in Phoenix and its surrounding cities. Mark Stark, CEO of Prudential Americana Group in Nevada, has become CEO of Prudential Arizona and is the Prudential franchisee and sole owner of both companies.
Prudential Arizona will retain its name, management team and current operations. The company has approximately 567 sales executives and 30 employees in 11 offices throughout the state. Prudential Americana Group’s management and 1,000 sales executives, along with 54 corporate employees, will also remain the same. According to Stark, the two companies will both have greater sales opportunities by utilizing relocation and referral services to broaden their offerings between two states.
“This is a great step in the growth of both companies,” said Stark. “We have more resources at our disposal to help sales executives provide the absolute best service in the industry, and are operating in similar economic environments. The Arizona market continues to get stronger and I see job growth continuing in a positive direction. This will drive real estate sales, overall market health and business success.”
Prudential Arizona has branch offices in locations including Phoenix, Scottsdale, Peoria, Gilbert, Chandler, Gold Canyon, Fountain Hills, Avondale and Cave Creek. Prudential Arizona is the largest Prudential franchise in the state. In 2010, the company posted a sales volume of $700 million and 3,079 closings. Prudential Americana Group’s 2010 sales volume was $1.47 billion with 8,294 closings.
“This is an exciting new chapter for both organizations and me personally,” said Stark. “I have been with Prudential for my entire 25-year real estate career and am proud to represent its name with these two amazing companies. Since joining Prudential in 1985, I have seen some extreme real estate environments and along with a great group of professionals, have weathered them all. This change brings huge opportunities for business growth in both Nevada and Arizona, especially in our relocation and direct referral efforts.”
Prudential Americana Group is one of Nevada’s top-selling real estate companies and has more than 1,000 sales executives and approximately 4,200 current home listings. It is an independently owned and operated member of Prudential Real Estate affiliates. For more information, visit www.americanagroup.com.