Local real estate powerhouse breaks into new market

Local real estate powerhouse breaks into new market

CHARLOTTE, N.C. — Another prominent player in Charlotte real estate has made an acquisition, giving it a foothold in a new market.

Allen Tate Realtors this week announced it has acquired Blowing Rock Investment Properties, an independent residential brokerage firm serving Blowing Rock, Boone and other communities in western North Carolina.

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It marks Allen Tate's first foray into the High Country region, according to a news release from the 62-year-old company, which ranks No. 1 among residential real estate firms in the Charlotte region by number of full-time licensed agents as well as closed sales volume and number of transactions by local offices, according to CBJ research.

This latest deal comes on the heels of an acquisition by HM Properties, also ranked among the Charlotte area's top-selling real estate firm.

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