MADISON, N.J. - Sept. 14, 2016 // PRNewswire // - Sotheby's International Realty Affiliates LLC today announced that Barrett Sotheby's International Realty in Massachusetts has acquired local brokerage The Higgins Group. The acquired firm will now operate as Barrett Sotheby's International Realty.
The acquisition expands Barrett Sotheby's International Realty into new markets, including Lexington and Bedford, while continuing to service the luxury residential real estate markets in Concord, Carlisle and Lincoln. In addition, the firm has now grown to over 100 independent sales associates.
Laurie Cadigan is the broker/owner of Barrett Sotheby's International Realty and will remain at the helm. Diane Higgins, former broker/owner of The Higgins Group, will become managing broker at Barrett Sotheby's International Realty.
"Barrett Sotheby's International Realty has been serving their local luxury residential real estate market since 1977," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "We are proud of all that Laurie Cadigan and her firm have accomplished, and we support their growth within Massachusetts. Additionally, we have great respect for Diane Higgins and her team of top sales professionals. This acquisition will serve to strengthen Barrett Sotheby's International Realty's commitment to delivering an exceptional level of service to their clients."
"The Higgins Group is known for its personalized approach and dedication to its clients," said Cadigan. "Together, our companies will form one of the finest firms in greater Boston and we are thrilled to be welcoming The Higgins Group to our organization."
"Barrett Sotheby's International Realty is a widely recognized and respected company, and we are proud to be joining such an acclaimed team, bringing the finest international network and premier level of worldwide exposure to our clients' doorstep," added Higgins.
The Sotheby's International Realty® network has 40 branded offices throughout the state of Massachusetts.
The Sotheby's International Realty network currently has more than 19,000 affiliated independent sales associates located in approximately 850 offices in 65 countries and territories worldwide. Barrett Sotheby's International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm's brokers and clients will benefit from an association with the Sotheby's auction house and worldwideSotheby's International Realty marketing programs. Each office is independently owned and operated.
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, theSotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby's International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE:RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. InFebruary 2004, Realogy entered into a long-term strategic alliance with Sotheby's, the operator of the auction house. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit www.sothebysrealty.com.
SOURCE Sotheby's International Realty Affiliates LLC
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Sotheby's International Realty Affiliates LLC