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Acquisition of Bowes Real
Estate officially establishes the brand in the Arlington
residential real estate market
ARLINGTON, MA (July 8, 2020) Gibson Sothebys
International Realty is pleased to announce expansion into the
Arlington residential real estate marketplace with the acquisition
of Bowes Real Estate, giving the brokerage strengthened foothold in
the suburbs west of Boston, Massachusetts. The acquisition adds
over 40 sales professionals and one office to Gibson Sothebys
International Realtys network of 350 associates serving Boston,
Greater Boston, the North Shore, South Shore, and Cape Cod.
Representing the firms second acquisition in 2020, the union marks
the twenty-third office for Gibson Sothebys International Realty,
which acquired MetroWest real estate brokerage Benoit Mizner Simon
& Co. in January.
Known as Arlington’s Hometown Real Estate Company, Bowes
Real Estate was established in 1945 in Arlington, Massachusetts and
has long been its market share leader. Now in its 76th business
year, the firm specializes in residential sales in Arlington,
Belmont, Cambridge, Lexington, Medford, Somerville, Watertown,
Winchester, and Woburn, consistently earning a 99.5% customer
satisfaction rating. Part of the Real Living Real Estate franchise
network, the firm took top honors in the 2019 QE Awards, which
recognizes the top real estate offices in service quality and
customer satisfaction by independent evaluator, Quality Service
Certification, Inc.
Real estate players are facing an environment that requires them
to focus on value-creation to remain competitive, said Larry
Rideout, Chairman and Co-Owner of Gibson Sothebys International
Realty. Our firms have been leaders in their communities since
their inceptions, and our complementary expertise will enable us to
better serve our clientele. I look forward to continuing our growth
trajectory and further strengthening our competitive
differentiation.
Greater Boston continues to grow and attract new residents
locally, nationally, and internationally, said Paul McGann,
President and Co-Owner of Gibson Sothebys International Realty. We
are thrilled to welcome Bowes Real Estates associates to help
cement our footprint throughout the Greater Boston market, and we
anticipate welcoming more with this expanded presence.
Bowes Real Estate associates will adopt Gibson Sothebys
International Realtys cutting-edge tools, includinginnovative and
strategic marketing programs, exclusive media partnerships, a
global referral network, an exclusive technology suite, and access
to a worldwide referral network spanning 70 countries and
territories.
Joining Gibson Sothebys International Realty is a natural fit
for our company, said Robert Bowes, President and Owner of Bowes
Real Estate, who will remain an integral member of the Arlington
office. In addition to our shared core values, this expansion of
talent and geographical reach will greatly benefit our team, as
will the firms investment in digital sales processes that will put
our associates and their clients well ahead of the curve.
The Greater Boston market is experiencing increased interest and
the recent acquisition by Gibson Sothebys International Realty
enables the firm to continue to provide high-level service to its
growing client base, said Philip White, President and Chief
Executive Officer of Sothebys International Realty. Larry Rideout,
Paul McGann, and their team have maintained a successful,
long-standing relationship in the market for fifteen years and we
are thrilled to support their continued growth.
The Greater Boston market is experiencing increased interest and
the recent acquisition by Gibson Sothebys International Realty
enables the firm to continue to provide high-level service to its
growing client base, said Philip White, President and Chief
Executive Officer of Sothebys International Realty. Larry Rideout,
Paul McGann, and their team have maintained a successful,
long-standing relationship in the market for over 15 years and we
are thrilled to support their continued growth.
The real estate professionals at Gibson Sothebys International
Realty believe that luxury is not a price point, but rather a level
of service, offering all buyers and sellers a suite of exclusive
services designed to provide value at every stage.
About Gibson Sothebys International Realty
Since 1962, Gibson Sothebys International Realtys unique
approach of combining local leadership with a global brand has made
it the #1 Massachusetts-based firm by sales volume and average
sales price according to REAL Trends, the trusted source for news
and research for the real estate brokerage industry. Under
Co-Owners Larry Rideout and Paul McGanns leadership for over a
decade, the firm has grown exponentially and has cultivated an
agent- and technology-focused culture. Through its affiliation with
the Sothebys International Realty network, Gibson Sotheby’s
International Realty offersunrivaled access to properties for sale
around the world, as well as access tobuyers and sellers from well
beyond its local markets.Today, Gibson Sothebys International
Realty is Bostons largest independently owned and operated real
estate firm, made up of 23 offices across Eastern
Massachusetts.
CONTACT
Becca Logue
Communications Coordinator
Gibson Sothebys International Realty
508.479.2665
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