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EDINA REALTY EXPANDS INTO CHANHASSEN AND LAKEVILLE, OPENS IN FARIBAULT

 EDINA, Minn., Nov. 11 /PRNewswire/ -- Edina Realty, Inc., today announced it had expanded its real estate operations into three more communities, bringing to 14 the number of new markets the real estate company has entered in 1993.
 Edina Realty opened a new office in Faribault, Minn., effective Nov. 5 which will employ six sales associates previously with other real estate companies in the area. The company also said that effective Dec. 1 it would establish new offices in Chanhassen and Lakeville, Minn., which will have approximately 15 and 10 sales associates respectively.
 "This has been an exceptional year in terms of growth, and our expansion is setting the stage for aggressive growth in the coming year," said Ronald J. Peltier, president of Edina Realty. "Sales growth is up 14 percent, we've added more than 200 new sales associates to the Edina Realty family and expect $300 million in gross sales to be added in 1994 from these new offices," Peltier noted.
 Edina Realty also said that it was expanding two existing offices to accommodate growth. The Cottage Grove, Minn., office is being doubled in size so that it can house 40 sales associates. The Hudson, Wis., office is being increased in size for additional sales associates and for a new Equity Title Services office, which is a subsidiary of Edina Realty.
 This latest expansion caps an aggressive year of growth at Edina Realty, which has seen the addition of real estate offices in Alexandria, St. Cloud, Rochester, and Duluth, Minn., and Superior, Wis., outside the metropolitan area. In the greater metro area, Edina Realty has opened offices in Delano, Forest Lake, Red Wing, Shakopee, Maple Grove and Farmington, Minn.
 Edina Realty is one of the region's largest real estate companies with 54 offices and 1,800 sales associates. Sales volume in 1992 was $3 billion and the company anticipates 1993 sales volume to be $3.4 billion.
 -0- 11/11/93
 /CONTACT: Ronald J. Peltier, 612-927-1152; or Kara Paymar, 612-928-5068, both of Edina Realty/


CO: Edina Realty, Inc. ST: Minnesota IN: SU:

CP-AL -- MN015 -- 3267 11/11/93 13:26 EST
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Publication:PR Newswire
Date:Nov 11, 1993
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