HomeServices of America., a Berkshire Hathaway affiliate, recently announced the acquisition of Gloria Nilson & Co. Real Estate. Financial terms of the transaction were not disclosed.
Headquartered in Monmouth County, Gloria Nilson & Co. serves C entral New Jersey and Eastern Pennsylvania with more than 730 sales associates in 25 offices located in Monmouth, Ocean, Mercer, Middlesex, Bucks and Morris counties. In 2016, the brokerage company closed more than 3,700 units and nearly $1.5 billion in sales volume.
Gloria Nilson & Co. was established in 1977. Dick Schlott, chairman, together with president Pat Bell, will continue to lead Gloria Nilson & Co.’s strategic planning and growth initiatives, as well as manage the company’s day-to-day operations.
“Gloria Nilson & Co. is a premier company with excellent brand recognition, dedicated sales leadership and talented agents,” said Ron Peltier, HomeServices’ chairman and CEO. “Their culture of service, integrity and community involvement closely aligns with our corporate vision and our emphasis on customer value and results.”
“We are proud to be part of the HomeServices of America family,” said Schlott. “We are joining an outstanding organization not only known for its exceptional strength and stability but one that shares our commitment to delivering the highest levels of personalized service and support, making this transaction a win/win for our clients, agents, and employees.”
“This is an important transaction for HomeServices and we are looking forward to having Dick, Pat, and their team join the HomeServices family,” Peltier said.
Gloria Nilson & Co. joins Houlihan Lawrence Real Estate and Berkshire Hathaway HomeServices New York Properties as the third company in the Tri State region to join the HomeServices family of companies this year.
HomeServices’ Northeast regional footprint also includes Berkshire Hathaway HomeServices New England and Westchester Properties and Berkshire Hathaway HomeServices Fox & Roach, Realtors.
Transactions
Plainsboro
501 Aspen Drive on April 6. Seller: Anushree Bhatkhande. 2BR condo. $203,000 (-$7,000).
2323 Windrow Drive on April 11. Seller: Katharine Gilbert & Gay Kimbelry. 2BR condo. $460,000 (-$10,000).
91 Tennyson Drive on April 11. Seller: Sharmila Chandra. 3BR townhouse. $399,999.
5022 Ravens Crest Drive on April 14. Seller: Victoria Scaizo. 1BR condo. $102,990 (-$29,010).
32 Orchid Drive on April 17. Seller: Liping Xu & Chunming Zhao. 4BR single-family house. $688,000.
7 Knight Drive on April 17. Seller: Michael & Pamela Pellichero. 4BR single-family house. $640,000 (+$10,100).
147 Parker Road South on April 17. Seller: Yiming Wu & Shanshan Xu. 4BR single-family house. $526,000 (+$8,000).
3120 Sayre Drive on April 17. Seller: Rui Li & Andy Ma. 2BR condo. $170,000 (-$14,000).
West Windsor
11 Cottonwood Drive on April 3. Seller: Hesham Elhamahmy. Buyer: Liangming Qi. 5BR single-family house. $998,250 (-$100,750).
91 West Shrewsbury Place on April 3. Seller: Bin Zhang. Buyer: Wenlong Weng. 2BR townhouse. $350,000 (-$15,000).
23 Heritage Boulevard on April 4. Seller: Daniela Vianna & Rodrigo Toso. Buyer: Paul Rubin & Julie Mitzner. 3BR townhouse. $462,500 (-$16,500).
12 Channing Way on April 7. Seller: Thomas & Diane Hennessy. Buyer: Hani & Ariane Rimawi. 4BR single-family house. $605,000 (+$5,100).
204 Salem Court Unit #7 on April 8. Seller: Qing Feng. Buyer: Shufei Hu. 2BR condo. $300,000 (+$11,500).
3 Wynwood Drive on April 10. Seller: Min Yao & Ming Lei. Buyer: Tara Kurumaddali & Krishna Palagummi. 5BR single-family house. $760,000 (-$80,000).
16 Robin Circle on April 11. Seller: Bank of America. Buyer: Dongbei Li & Jingxiang Xie. 4BR single-family house. $670,000 (-$49,000).
65 Windsor Pond Road on April 12. Seller: Huiling Gao & Hongqi Li. Buyer: Jian Zhao & Liping Zhang. 2BR townhouse. $365,000 (-$34,000).
10 Fairfax Court on April 17. Seller: John & Leigh Townes. Buyer: Theodore Williams & Jennifer Kutch. 5BR single-family house.$683,500 (-$1,500).
368 Blanketflower Lane on April 18. Seller: Frank & Louise Donnangelo. Buyer: Alfredo & Judith Santibanez. 2BR age-restricted house. $360,000 (+$100).
(Graphic by Norine Longo),
