As of January, luxury real estate firm Corcoran Sawyer Smith, a franchisee of the Corcoran Group LLC, has acquired Weidel Real Estate, “marking the brand’s first entry into Pennsylvania and continued expansion across New Jersey.”
“As we embark on this exciting partnership with Weidel, we are celebrating not only the impressive corporate team and the agents who will join us, the fantastic offices that will fall under our banner, and our expansion of markets served, but more importantly, the forging of a powerful partnership built on shared values, a common company culture, and steadfast business practices,” real estate agent Sawyer Smith, the founder, owner, and principal of Corcoran Sawyer Smith, says in a quote.
“Founded in 1915 by Karl Weidel Jr. as The Weidel Corporation, the company’s humble beginnings started with a singular office offering insurance and real estate sales in Trenton, New Jersey. Over the next 100 years, the company expanded with numerous offices and evolved to include mortgage, assurance, and relocation services,” the press release explains. “Up to today, Weidel Real Estate continued to be family-run with Richard Weidel Jr., who joined the company in 1979, holding the title of CEO and broker of record, and his daughter, Katherine Weidel, who joined the company in 2019, holding the title of chief operating officer.
“At Weidel, we have been committed to providing best-in-class opportunities for our associates, communities, and clients, for over 100 years,” Richard Weidel Jr. adds. “The iconic Corcoran branding, innovative marketing, abundant agent coaching resources, along with the shared dedication to excellence, were the foundational blocks of our decision in choosing to partner with Corcoran Sawyer Smith.”
As a result of the acquisition, Corcoran Sawyer Smith has added more than 180 Weidel Real Estate agents and seven offices to the company. Corcoran Sawyer Smith now boasts a total of 250 agents, expanding from its original three offices based in Jersey City and Hoboken to 10 total in more towns such as Princeton, Hamilton Square, Pennington, Lambertville, and Flemington, as well as New Hope and Doylestown in Pennsylvania.
Corcoran Group president and CEO Pamela Liebman unveiled Corcoran Sawyer Smith, formerly known as Sawyer Smith Residential, as its New Jersey-facing “affiliate partnership” in July 2022.
More: corcoran.com/corcoran-sawyer-smith/26.
