C.J. Brown, the Baton Rouge metro area’s largest residential real estate agency, said Thursday it has acquired the assets of M.A. Allen of Denham Springs.
The M.A. Allen office at 1208 S. Range Ave. in Denham Springs will now operate as C.J. Brown, which is part of Latter & Blum, of New Orleans, the Gulf South’s largest residential real estate brokerage and home services firm.
M.A. Allen’s founder Mary Ann Allen and her 40 sales agents will join the more than 250 agents of C.J. Brown, the company said in a news release.
Terms of the deal were not disclosed, and M.A. Allen and Latter & Blum could not be reached for comment Thursday.
“The combination of C.J. Brown’s expansive products and services with our deep understanding and expert knowledge of the local marketplace will be a tremendous benefit to our clients and agents,” Allen said in a statement.
Rick Haase, president of Latter & Blum Inc., said Allen and her sales team have built a “stellar reputation” for providing excellent service to clients.
“We are extremely pleased to have been chosen by M.A. Allen as their partner moving forward.
“Our coming together strengthens both companies’ presence in Denham Springs and the entire Greater Baton Rouge market,” Haase said in a statement.
Latter & Blum has used C.J. Brown before to take in assets from other well-known Baton Rouge real estate firms. In 2010, the company absorbed about 25 agents from Coldwell Banker Mackey, after founder Marge Mackey dissolved her agency and moved back to C.J. Brown.
In 2011, C.J. Brown had 300 local licensed real estate agents and a total staff of 350 employees, making it the largest firm in the Capital Region and nearly twice the size of the second largest firm, Keller Williams Realty-Red Stick Partners.