Jan. 10, 2023
Coldwell Banker Wallace (CBW) has been innovating the future of real estate since 1936, and its most recent announcement of Andrew McGranaghan as partner is the next step in the evolution of this family-owned company’s strategic journey.
McGranaghan affiliated with the company in 2016 as a residential sales agent and was named director of agent services in 2020. Now a co-owner with brothers Jim and George Wallace and Claudia Stallings, he assumes the title of chief development officer.
In his new role, McGranaghan will oversee development and growth strategies for the company with a specific focus on sales training and professional development, as well as new agent acquisition, and connecting with businesses in the community. He already has proven himself successful in these areas, including leading efforts to produce record increases in agent recruitment by more than 40 percent.
“We are always looking for ways to positively impact our agents, clients, industry and community,” CEO George Wallace said. “A company with nearly 90 years of success in any industry must have a strong commitment to innovation and we’re excited to empower Andrew to be a decision maker, bringing his vibrant, enthusiastic leadership to our C-suite.”
“By selling more than $20 million in real estate each year, it’s easy to see that Andrew has exceptional skills helping his clients navigate one of the largest financial decisions of their lives,” said Stallings, chief operating officer. “He brings the same tireless efforts to his role as a colleague within our leadership team and mentor to our agents, building trusted relationships and freely sharing his advice, experiences and support.”
In preparation for his new role as partner, McGranaghan completed Ascend: The Executive Leadership Experience, a year-long intensive leadership training class offered by Anywhere (formerly Realogy) that equips leaders for the responsibilities and challenges of the job.
“What sets Andrew apart is his unique combination of industry know-how and generous giving spirit to support the success of his fellow agents,” CFO Jim Wallace said. “He holds himself to the highest standards, leading by example to earn the trust of others.”
A Knoxville native with a marketing degree from the University of Tennessee, McGranaghan is deeply rooted in his community both as a member of his church and within the various non-profit organizations he supports, most recently spearheading the company’s St. Jude Children’s Hospital give-back program and taking an active role in efforts to support United Way as well as the 100 Realtors Who Care project. In addition to residential sales, he works directly with CBW’s Property Management office which oversees 250 single family rentals in the area.
A Sterling Level RPAC donor, McGranaghan is active with the Knoxville Area Association of REALTORS, where he currently is on the board of directors and has served on a range of committees, including grievance and government affairs at both the local and state levels, and several Presidential Advisory groups. McGranaghan also was named to the Knoxville Chamber’s Economic Development Council in 2022, where he plays an integral part in supporting strategy for business growth in East Tennessee.
“This is such a monumental time for East Tennessee as we are experiencing record growth in a wide range of sectors, as well as with companies and individuals relocating to our area,” McGranaghan said. “I’m excited to take on this new role and look forward to helping lead our talented teams of professionals into the future.”
This announcement is the latest in a series of exciting developments for the company. Last year, 140 local real estate professionals affiliated with CBW, and collectively, the franchise sold $1.36 billion in properties in East Tennessee.
About Coldwell Banker Wallace
With six area offices and nearly 500 sales associates, Coldwell Banker Wallace is a leading residential real estate company in East Tennessee. Selling approximately 4,000 properties each year, the franchise owes a great deal of its success to the individuals who laid its foundation: Charles A. Wallace and his father, James A. Wallace, Sr. Since 1936, three generations of the Wallace family have provided buyers and sellers in the region — including Knox, Anderson, Blount, Loudon, Roane and Sevier counties — with a real estate experience that remains unmatched.
The company sets itself apart with a focus on training and agent development, plus doing business with integrity. A one-stop shop for clients, CBW is an authority on mortgage and financing, with CMG Financial mortgage loan specialists available in every office. Clients can enjoy convenient closing services through Melrose Title, a locally owned, attorney-driven title company. In addition to our six residential offices, we also offer Coldwell Banker commercial division, a relocation department, as well as property management and rentals.
