Sotheby’s International Realty last month acquired the 102-year-old Connecticut residential brokerage Cleveland, Duble & Arnold.
Cleveland’s entire stable of 25 agents has moved into Sotheby’s One Putwick Plaza office in Greenwich, the company said. Tom Gorin, Cleveland’s erstwhile president, has taken a leadership role within the Greenwich Sotheby’s office.
Cleveland, Duble & Arnold’s headquarters was previously located at 79 East Putnam Avenue, across the street from Sotheby’s.
Gorin said the move will help Cleveland’s brokers and clients, who can now take advantage of the Sotheby’s technological infrastructure and global reach.
“Not many people are using the term ‘Cleveland’ to search for Greenwich real estate,” Gorin told The Real Deal.
He added: “There are always reservations during major changes. But we weren’t growing … and this will benefit our associates.”
Meanwhile, Sotheby’s cited Cleveland’s strong agents as the main reason for the acquisition. “We’ve been watching each other across the street for years,” said Sotheby’s International Realty CEO Kathryn Korte. “There’s a lot of cultural compatibility between the two firms.”