The acquisition will permit Corcoran HM Properties to develop into the coastal market of Wilmington. The agency’s mixed footprint now spans greater than 160 brokers throughout six places of work in North and South Carolina.
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Corcoran HM Properties, a Corcoran Group affiliate, has expanded into Wilmington, North Carolina, with the acquisition of The Property Store Worldwide Realty, the brokerage knowledgeable Inman.
With the acquisition, the agency’s mixed footprint spans greater than 160 brokers throughout six places of work in North and South Carolina. Corcoran HM Properties brings one workplace in Charleston and three throughout the better Charlotte space and Lake Norman, and The Property Store Worldwide Realty contributes places of work in Wilmington and Burgaw.
Valerie Mitchener | Corcoran HM Properties
“By partnering with The Property Shop International Realty in Wilmington, we are taking a significant and strategic step in our growth,” Valerie Mitchener, broker-owner of Corcoran HM Properties, stated in a press release. “Through combining Corcoran HM Properties’ innovative resources with The Property Shop International Realty’s local expertise, we are not only expanding our physical presence but also expanding our avenues of continued achievement in driving successful transactions and delivering exceptional service for our valued clients.”
Based in 2009, The Property Store Worldwide Realty is owned by actual property vet Tony Harrington. Harrington has lived in Wilmington for 30 years and is the 2024 president of NC Realtors, the place he focuses on financial growth and worldwide consciousness of the group and its members. He additionally serves on the Nationwide Affiliation of Realtors Board of Administrators.
Tony Harrington | The Property Store
“Joining Corcoran HM Properties allows our brokerage to leverage a prestigious brand known for its exceptional service and extensive market reach, enhancing our ability to serve our clients more effectively,” Harrington stated in a press release. “Now under the Corcoran banner, we gain access to unparalleled resources, industry expertise, and an international network of top-tier professionals.”
The Property Store Worldwide Realty by itself encompasses 18 brokers throughout two Wilmington-area places of work.
The agency’s market specialties embrace Wrightsville Seashore, Bald Head Island, Determine Eight Island, Carolina Seashore, Kure Seashore, Leland, Hampstead, Oak Island, Southport, Topsail Island and different coastal communities. In 2022, the agency brokered the costliest transaction in Wilmington, a considerable growth space that offered for $15 million.
The strategic acquisition will present Corcoran HM Properties with entry to a market that’s symbiotic with the agency’s major market of Charlotte. Residents of Charlotte and Raleigh-Durham are drawn to Wilmington as a second-home seaside market, with quite a lot of housing choices, together with bungalows and condos.
Wilmington is residence to each everlasting and seasonal residents and is thought for its white sand seashores. Town additionally hosts the College of North Carolina, Wilmington; the Battleship North Carolina Museum; and a number of other high quality golf programs.
Corcoran HM Properties launched in 2021 as Corcoran Group started ramping up expansions of its affiliate community. The agency was born out of a brokerage first launched by Val Mitchener in 2006. The Corcoran Affiliate Community launched in February 2020.
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