Corcoran makes move into Connecticut

Centric Property Group rebranding as affiliate Corcoran Centric Realty

Tri-State /
Feb.February 15, 2022 12:45 PM

From left: Jeffrey Jackson, founder, Centric Property Group; Pamela Liebman, president, Corcoran Group (Getty Images, Centric Property Group, iStock)

The Corcoran Group is making its first foray into Connecticut with its latest affiliate.

Jeffrey Jackson’s Centric Property Group is rebranding to join Corcoran’s affiliate network, the brokerage announced Tuesday. The firm, which was founded by Jackson in 2001, serves clients in Greenwich, Westport, Darien and New Canaan.

The firm is the top independent team in the Greenwich area, closing almost $200 million in sales last year, according to Corcoran. The new affiliate includes 10 agents.

Corcoran president and CEO Pamela Liebman said the brokerage has “had its eye” on Greenwich, which can offer agents in New York City, Westchester and the Hudson Valley expanded referral opportunities.

Centric, Corcoran’s 19th affiliate since launching its network in early 2020, is set to open its new office in the coming weeks, Inman reported.

The expansion marks another move in the northeast for one of the country’s preeminent brokerages. Corcoran counts more than 150 offices and 5,500 independent salespeople across across the nation.

Corcoran is one of the largest brokerages in Manhattan in terms of the total number of real estate salespeople and associate brokers. As of Dec. 15, the brokerage had 1,508 active salespeople, ranking third in the borough, behind Compass and Douglas Elliman.

Earlier this month, Corcoran secured a further foothold on Billionaires’ Row, taking over sales at 111 West 57th Street from Douglas Elliman Development Marketing. The SHoP Architects-designed supertall condo was developed by Michael Stern’s JDS Development Group, Property Markets Group and Spruce Capital Partners.

The housing market in Greenwich is surging with record low inventory in the area. The city had a three-month supply of homes at the end of the fourth quarter, down 47.3 percent year-over-year, according to appraisal firm Miller Samuel for Douglas Elliman. The median price of a single-family home sale in Greenwich jumped 9.8 percent year-over-year to $2.25 million.





    Related Articles

    arrow_forward_ios
    Paul Simon, Edie Brickell, 82 Brookwood Lane in New Canaan, CT (Getty Images, Houlihan Lawrence)
    Slip slidin’ away: Paul Simon sells New Canaan estate at loss
    Slip slidin’ away: Paul Simon sells New Canaan estate at loss
    Accurate CEO Jack Klugmann and the Fairfield, CT Metro North train station (Accurate, Robert Mortell/via Wikimedia Commons, iStock)
    NJ developer buys Fairfield Metro dev site
    NJ developer buys Fairfield Metro dev site
    Anthony "Fat Tony" Salerno and the Rhinebeck horse farm (Hudson Modern, Getty)
    Rhinebeck farm once owned by mob boss lists for $1.5M
    Rhinebeck farm once owned by mob boss lists for $1.5M
    Long Island Board of Realtor's Tessa Hultz (LIRealtor.com, HomeForAllOfUs.org, iStock)
    How not to discriminate: Long Island Realtors launch fair housing effort
    How not to discriminate: Long Island Realtors launch fair housing effort
    Julia Koch and 840 Meadow Lane in Southampton (Getty Images, Tim Davis/Corcoran)
    Julia Koch revealed as buyer of dated $70M Southampton estate
    Julia Koch revealed as buyer of dated $70M Southampton estate
    Sophocles Zoullas and 275 Ox Pasture Road in Southampton (Getty Images, Harald Grant Real Estate, iStock)
    ‘Tenacre’ estate is only 3 acres, but lists for $25M
    ‘Tenacre’ estate is only 3 acres, but lists for $25M
    Mariano Rivera and 1 Brook View Lane in Rye (Getty Images, Compass, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
    Exit Sandman: Mariano Rivera closes sale of Rye mansion for $2M loss
    Exit Sandman: Mariano Rivera closes sale of Rye mansion for $2M loss
    95 Conant Valley Road, Pound Ridge (Zillow)
    Pound Ridge home sells for more than twice its ask after bidding frenzy
    Pound Ridge home sells for more than twice its ask after bidding frenzy
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...