A brokerage based in lower Westchester County has been acquired by Berkshire Hathaway HomeServices, the realty arm of Warren Buffet”™s international conglomerate Berkshire Hathaway Inc.
The financial terms of the deal were not disclosed.
Prudential Centennial Realty, now Berkshire Hathaway HomeServices Westchester Properties, employs 80 agents between its two offices in Scarsdale and Larchmont, but with the deal, the brokerage’s president, Mark A. Nadler, hopes to expand.
Nadler said Berkshire Hathaway HomeServices has one of the strongest growth rates in the country.
“Our company right now is the eighth-largest in Westchester based on its sales volume,” he said. With the deal, Nadler said he anticipates moving up to No. 3.
Nadler”™s brokerage had been with Prudential since 1994 until Omaha-based Berkshire Hathaway Inc. bought the Prudential real estate franchise in 2012, but the franchisees, like Nadler”™s company, have to be accepted by Berkshire to operate under its name.
Berkshire Hathaway HomeServices was launched in 2013 in Irvine, Calif., and Nadler estimated that 85 percent of former Prudential franchisees have converted to Berkshire.
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