William Pitt Sotheby’s International Realty Acquires Six Brokerage Offices in Litchfield and Westchester Counties
Company strengthens its Connecticut operations and expands into New York State
Norwalk, Conn. - William Pitt Sotheby’s International Realty today announced the strategic acquisition of adjacent Sotheby’s International Realty operations in Litchfield and Westchester counties. In total, six residential real estate brokerage offices previously owned and operated by Sotheby’s International Realty, Inc. were included in the transaction - three in Westchester County, N.Y., and three in Litchfield County, Conn. The financial terms of the transaction were not disclosed.
Each of these offices will continue as members of the powerful Sotheby’s International Realty® global network, and the offices will be co-branded in their local markets. The offices in Washington Depot, Kent and Lakeville, Conn., will now operate under the banner of William Pitt Sotheby’s International Realty. In Connecticut, William Pitt Sotheby’s International Realty now has a total of 24 offices and more than 700 agents operating in Fairfield County, Litchfield County, New Haven County, and the Shoreline markets.
The three offices in Larchmont, Rye and Scarsdale, N.Y., will now do business as Julia B. Fee Sotheby’s International Realty, a name that connects their strong local heritage in the Westchester market to the renowned Sotheby’s International Realty brand.
“We are pleased to welcome these fine Sotheby’s International Realty sales associates to our family,” said Paul Breunich, president & CEO of William Pitt Sotheby’s International Realty and Julia B. Fee Sotheby’s International Realty. “We are excited to continue our firm’s growth in Connecticut and to extend our brokerage operations into New York State. We are especially pleased to enter the Westchester market with a proven local/international branding strategy that has worked so well for our firm and our clientele in our Connecticut markets. This was a unique opportunity for us, and we plan to be very focused on quality growth in Westchester County as well as continuing our strong market presence in Connecticut.”
Owned and operated by NRT LLC, the nation’s largest residential real estate brokerage company, Sotheby’s International Realty, Inc. now has 35 offices and over 1,500 agents doing business in 16 luxury markets across the nation. The broader franchise network managed by Sotheby’s International Realty Affiliates LLC currently has more than 10,600 sales associates located in approximately 500 offices in 40 countries and territories worldwide.
“We are proud of what we have accomplished in these local markets, but we made a strategic decision to strengthen our focus on our longstanding core market areas in the Tri-State area, which include Greenwich, Manhattan, the Hamptons and Palm Beach,” said Kathy Korte, president and CEO of Sotheby’s International Realty, Inc. “We have great respect for Paul Breunich and his team at William Pitt Sotheby’s International Realty, so this was a natural fit. It empowers our real estate experts to continue to serve these markets while maintaining their close referral ties with our offices and the other fine firms within the Sotheby’s International Realty network.”
About William Pitt Sotheby’s International Realty
One of the top-producing real estate firms in the nation, William Pitt Sotheby’s International Realty (www.WPSIR.com) accounted for more than $2 billion in closed sales volume in 2008. The firm has approximately 700 sales associates in 24 offices throughout Connecticut from Stamford to Stonington along the coast and north through Litchfield County. A full- service real estate company, the firm has over 60 years of experience with residential, insurance, mortgage services, rental, relocation, luxury home and new construction divisions.
Visit The Business Of Extraordinary Living | wallstreetjournal.com/sothebysrealty
