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Corcoran Group franchisee Corcoran Sawyer Smith has acquired Weidel Real Estate, the brokerage announced on Thursday.
With the acquisition, Corcoran has now made its first foray into the state of Pennsylvania and continued its expansion across Central New Jersey. The move will also add roughly 180 agents and seven new offices to the Corcoran brand.
Sawyer Smith | Corcoran Sawyer Smith
“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,” Sawyer Smith, broker and owner of Corcoran Sawyer Smith, said in a statement.
“Together, we are ensuring a future of continued success, where collaboration thrives, and our collective strengths can continue to best serve our amazing clients.”
Weidel dates back to 1915 when Karl Weidel Jr. founded the company as an insurance and real estate sales office in Trenton, New Jersey, then called The Weidel Corporation. Since then, the firm has expanded to offer mortgage, assurance and relocation services.
Prior to the acquisition, Weidel had been family run by Richard Weidel Jr., who had been with the firm since 1979, as CEO and broker of record, and his daughter, Katherine Weidel, who had been with the firm since 2019, as COO.
Richard Weidel Jr. | Weidel Real Estate
“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. said in a statement. “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. Through this impressive partnership, we look forward to another century of growth and continued success.”
With the two firm’s forces combined, Corcoran Sawyer Smith will now have more than 250 agents and a total of 10 offices. Existing Corcoran Sawyer Smith offices in Jersey City and Hoboken (two offices) will remain unchanged, while the firm brings on offices in Flemington, Hamilton Square, Lambertville, Princeton and Pennington, all in New Jersey, as well as New Hope and Doylestown, Pennsylvania.
Corcoran Sawyer Smith launched as a Corcoran Group affiliate in July 2022. Over the course of 2023, Corcoran has added affiliates in Northern California, New Jersey, Texas, Italy and Canada.
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