Founder sells bike-driven real estate firm

BOULDER – Tim Shea has acquired real estate firm Pedal to Properties Inc. in Boulder from company founder Matt Kolb for an undisclosed amount.

Shea joined Pedal to Properties in 2010 as a Realtor. Kolb founded the firm in 2006. It allows buyers the option to view properties and neighborhoods from cruiser bicycles provided by the firm.

Chris Sweeney, who has been with Pedal to Properties since its inception, was named the firm’s managing broker.

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A Boulder resident for more than 20 years, Shea has been involved in real estate investing since 1994 and became a licensed Realtor in 2009. He previously founded, owned and grew a tax-advisory company in Boulder from a single employee to a 125-person firm. In 2008, Shea’s ownership interest in the tax-advisory firm was bought out, and he made the decision to jump into the real estate industry.

“When the Pedal to Properties’ opportunity arose, and I learned Matt was planning to move on to another exciting entrepreneurial opportunity, I could not pass it up,” Shea said. “Being an agent for Pedal to Properties has been special. Being the owner and the driving force behind the next chapter in the company’s story will be very exciting.”

Shea said he is eager to lead and grow Pedal to Properties, including relocating its office from its current 1949 Pearl St. location.