The 11,000 square-foot-space at 1377 El Camino is being extensively remodeled and will provide space for 80 agents. It will include a large number of private offices. The latter is important because Menlo Park agents tend to be more experienced and higher-producing than agents in most real estate offices, she says.
Formerly 1377 El Camino (corner of El Camino and Valparaiso Ave.) held offices for Cashin Company Realty, which was acquired by Coldwell Banker last year. With that acquisition, Coldwell Banker had three Menlo Park offices. In the interests of efficiency, it was decided to close the least visible office, 800 El Camino, says Ms. McPherson.
Ms. McPherson will be manager of the new location, as well as Coldwell Banker offices at 930 Santa Cruz Ave. in Menlo Park. She has 35 years of real estate experience and has also served as the manager of the Portola Valley and Woodside offices of the company.