Preferred Properties, a residential real estate company, will open an office in Park City March 15, according to Sue Cardwell, company owner.

The manager will be Jim Lea, past president of the Park City Board of Realtors. A native of Southern California, Lea graduated from Loyola University with a bachelor's degree in business and has been marketing and selling real estate in Park City for more than 10 years.He is a lifetime member of the Million Dollar Club and has been active with the Park City Board of Realtors since its inception. He has served on numerous committees for the organization and in 1986 was named real-tor of the year.