Prudential Rand buys White Plains real-estate firm
-
- May
- 12
Prudential Rand Realty has agreed to acquire Nelson Vrooman Real Estate, a White Plains-based firm established more than 50 years ago that has become victim of the downturn in home sales in the Lower Hudson Valley.
“This is a very competitive market, and I knew that the best way to serve my clients and associates was to join a bigger team with more resources,†said Bill Vrooman, Nelson Vrooman founder and chief executive.
Vrooman, along with Nelson Vrooman President Mike Graessle, will join Prudential Rand as associate brokers, Prudential Rand said.
The deal, the terms of which weren’t disclosed, makes Prudential Rand the largest real-estate firm in White Plains, the New City-based company said.
As part of the transaction, Nelson Vrooman’s offices at 709 Westchester Ave. will close and combine with those of Prudential Rand at 1 N. Broadway.
The deal will also result in the transfer of 20 Nelson Vrooman workers to Prudential Rand, which has 20 offices in the Hudson Valley.
This entry was posted
on Monday, May 12th, 2008 at 10:56 am by David Schepp.
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