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Contact: John Morgan 800-989-5852

Coldwell Banker Harbour Realty To Launch Commercial Division

17 October 2003       Coldwell Banker Harbour Realty announced today that it will form a new division of its business designed to focus exclusively on commercial real estate. The largest real estate company on the Eastern Shore, Coldwell Banker Harbour will establish commercial sales and leasing operations in all five of its existing real estate offices by mid-November this year.

"We have witnessed a rapid expansion of the commercial real estate market on the Shore in recent years", said John E. Morgan, Jr., principal of Coldwell Banker Harbour Realty. "With the influx of new residents to the Shore - particularly from the Northeastern states and, more recently, from Hampton Roads - we've seen the demand for commercial real estate services rise as new businesses form and existing businesses expand to provide the goods and services the Shore's growing population wants and expects."

According to Morgan, there is no other commercial real estate company currently servicing commercial real estate owners or investors on the Shore. "We have received many inquiries, from both local real estate investors as well as investors and entrepreneurs from out of the area, regarding commercial real estate services and management. Because we are the largest and best known real estate company on the Eastern Shore, people expect us to provide these services."

Coldwell Banker Harbour Realty, which is locally owned and operated by William H. Chandler, Jr., John E. Morgan, Jr., and John E. Anderson who together have over 65 years of real estate experience and expertise, has a long history of serving the Eastern Shore. The company, based in Accomac, Virginia, decided to affiliate with Coldwell Banker in 1996 primarily to embrace the support and technological innovations of an international franchise.

Coldwell Banker Harbour Realty, with offices in Accomac, Chincoteague, Onancock, Exmore and Cape Charles, is the largest real estate firm on the Eastern Shore. Starting as a small, one-office company it has grown to five offices covering the Virginia peninsula from Chincoteague to Cape Charles and boasts more than 50 professional REALTORS®.

For information about CB Harbour's commercial expansion, including selling, buying, leasing and broker opportunities, contact Joseph Caffrey at 757.425.1077 or jcaffrey@WorldwideBusinessBrokers.com.

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