Engel & Völkers Atlanta buys affiliate firms

by Timothy Inklebarger

 

Engel & Völkers Atlanta has acquired three affiliate firms – Engel & Völkers North Atlanta, Engel & Völkers Intown Atlanta and Engel & Völkers Brookhaven – bringing in new markets under the newly consolidated firm.

“With the addition of three firms associated with our band of international powerhouses, we are thrilled to continue pushing the envelope with a fine-tuned team of experts who will elevate our suite of offerings,” said Christa Huffstickler, founder and CEO of Engel & Völkers Atlanta. “As we enter 2020 even bigger and better than before, we are ready to double down on dominating the industry.”

The acquisition brings in markets such as Virginia Highland, Decatur, East Atlanta and Morningside under Engel & Völkers Atlanta management, the company said in a press release.

The former Engel & Völkers Intown Atlanta will remain in its current location in Morningside, and Engel & Völkers Atlanta offices will undergo extensive renovation to accommodate the expansion.

Scott Askew, formerly of Engel & Völkers Intown Atlanta and Engel & Völkers Brookhaven, will serve as the qualifying broker at the restructured Engel & Völkers Atlanta.

“Engel & Völkers Atlanta has a demonstrated history of taking charge in an often unwieldy market, and we are excited to consolidate operations guided by Christa Huffstickler’s smart leadership to best leverage our local market penetration, while adopting the latest marketing tools to better serve our clients,” Askew said in a press release. “We also look forward to implementing a strong sense of community involvement that will highlight our team-based environment and position Engel & Volkers Atlanta as a service-oriented company.”

Engel & Völkers recorded sales of over $600 million in 2019 across the Atlanta metro area, noting a 20 percent increase from the prior year.