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Wallace brothers celebrate 70th anniversary


Jim and George Wallace, brothers who own Coldwell Banker Wallace & Wallace Realtors, were decked out in broad-brimmed fedoras and wide-lapel suits straight out of the 1930s.

But at a recent breakfast celebrating the family’s 70th year in the Knoxville real estate business, their message was a thoroughly modern one.

“This is a milestone for our company and, as it happens, it’s also the one-hundredth anniversary of Coldwell Banker Real Estate Corporation,” said Jim Wallace, chief financial officer.

Wallace said he was proud that employees, including many among the 300 guests who attended the event in the Knoxville Marriott ballroom, had worked long and hard so the real estate business had grown to embrace several community offices.

Those include the firm’s Farragut sales office, the second Wallace & Wallace location, which was established in January 1989 to serve what Wallace called “the fast growing market at the far west end of Knox County.”

“I can remember that it hasn’t been too very long since there was not much beyond Mabry Hood Road,” Jim Wallace recalled with a grin. “Mostly, it was just farms then and Fox Den Country Club.”

He said Wallace & Wallace was proud to have been a key player in the community’s rapid-paced residential and commercial growth since then.

Among honored guests at the breakfast event was Jim Gillespie, president and chief executive officer of Coldwell Banker.

For the event, old-fashioned globe lampposts graced the reception line, and vintage clocks were also a key part of the décor reminiscent of the steady passage of time.

Many of the employees attending were regaled in bonnets, wide-brimmed hats or other dress appropriate to the mid-1930s. Among them were Jeanne Bird, broker at the Farragut office, and Dawn Willis of the Oak Ridge location.

Wallace & Wallace, now in its third generation, was founded in 1936 by Charles A. Wallace and his father, James A. Wallace.

J.A. Wallace Jr. joined the company after World War II, and with brother Charles, those Wallaces operated the business for 40 years.

Jim Wallace joined the company in 1974, and George C. Wallace followed in 1984. The firm affiliated with Coldwell Banker in March 1988.

“Many things have changed in these past seven decades,” Wallace said. “But Wallace and Wallace remains committed to the core values on which the company as founded – quality, professionalism and customer service.”

Besides the Farragut office at 10815 Kingston Pike, Coldwell Banker Wallace & Wallace also operates other branches.

at 124 N. Winston Road near West Town, 140 Major Reynolds Place in Bearden and 3009 Tazewell Pike in North Knoxville and another at 136 S. Illinois Ave. in Oak Ridge.

 

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