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Keller Williams Realty Distinctive Properties opener at 2715 Route 9 in Malta in a new officee building next to the RipeTomato restaurant. The 4,800-square-foof office is near the , where of Sunnyvale, will be part-owner of a $4.6 billio chip plant that will employ morethan 1,400 Construction of the chip fab is expectedd to begin early next year and be completedf by 2011. “By 2012 this thing ought to be fulluy functioning and by that time we should absolutely be caught in the saidRick Mendez, team leader of the new Kelled Williams franchise. Charles Cefalu, a developere in Glens Falls, is operating principalk and broker of record for thenew franchise.
Mendea previously sold real estate for Coldwell Banker Prim Propertiesin Latham. This is the seconc franchise in the Albanu area forKeller Williams, which is basesd in Austin, Texas. The first opened last year in Lathajm and recently merged with ProRealtt of NewYork Inc. in Saratoga Springs to further boost a roste of agents that now totalwabout 200. A new office openerd in Saratoga Springs as a The two franchises have the exclusivew right to open offices withintheir territories, but sale agents can represent buyers and sellers anywhere in the region.
The territory for the new franchisse in Malta includes parts of Saratoga County outsidseSaratoga Springs, Warren County and parts of Washingto County, Mendez said. Mendez said he was drawn to Kellert Williams because he likes thebusiness model, which includess profit sharing. The office has about 30 agents but hope s to grow to 150to 200. The franchises also a commercial real estatr division to servicethe spin-ofvf businesses that typically cluster around chip
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