New Move Marks Real Estate Giant's First Brick-and-Mortar
Expansion to the Cape & Islands
BOSTON, April 13,
2022 /PRNewswire/ -- Douglas Elliman Realty, one of
the largest independent residential real estate brokerages in
the United States, announced today
that it has opened its first Nantucket office at 12 Oak Street, Suite B,
with views of Old North Wharf and Nantucket Harbor. This move
underscores the brokerage's commitment to New England, increasing
its brick-and-mortar footprint from the Back Bay area of
Boston to the Island.
"We could not be more thrilled to land on Nantucket," says Scott
Durkin, Chief Executive Officer of Douglas Elliman Realty.
"While our agents have done exponential business throughout the
Cape and Islands over the past two years, we are proud to finally
lay down roots and continue to grow our presence in this
prestigious market."
In 2020, Douglas Elliman launched a new initiative that allowed
agents to work virtually, outside the vicinity of Elliman offices,
including on Martha's Vineyard,
Cape Cod and Nantucket. After two successful years in the
Cape and Islands, the brokerage officially opens its doors for
business on Oak Street.
"When it comes to expansion, our mantra is to service the places
that our clients want to call home," explains Richard Ferrari, President and CEO of Brokerage,
New York City and Northeast Region
at Douglas Elliman. "Opening an office on Nantucket is a natural next step for us. This
new space will allow our agents to thrive in a comfortable
environment and be active, engaged members of the community."
"We are dedicated to offering exceptional real estate
experiences for both our clients and agents," says Lisa Rainis, Executive Manager of Sales for
Douglas Elliman's Massachusetts Division. "Our move to the Island
only strengthens our presence in Massachusetts, and we look forward to engaging
this flourishing market."
Douglas Elliman has already participated in several sales on the
Island, with Michael Passaro of The
Holly Parker Team closing deals at 66 Walsh Street, for
$7,100,000, 53 Hummock Pond Road, for
$3,022,630 and 39 Hummock Pond Road,
for $2,800,000.
Other active Douglas Elliman agents on the Cape and Islands
include Craig Brody, Jesse Greenstein, George Jedlin and both DJ
Gendreau and Allison Cameron Parry
of The Gendreau Group.
About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE:
DOUG, "Douglas Elliman") owns Douglas Elliman Realty, LLC, one of
the largest residential brokerage companies in the New York metropolitan area (which includes
New York City, Long Island, Westchester, Connecticut, New
Jersey and the Hamptons) and the sixth largest in the U.S.,
with operations in California,
Colorado, Texas, Florida and Massachusetts. In addition, Douglas Elliman
sources, uses and invests in early-stage, disruptive property
technology ("PropTech") solutions and companies, and provides other
real estate services, including development marketing, property
management and settlement and escrow services in select markets.
Additional information concerning Douglas Elliman is available on
its website, www.elliman.com.
Investors and others should note that we may post information
about Douglas Elliman on our website at www.elliman.com or, if
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possible that the postings or releases could include information
deemed to be material information. Therefore, we encourage
investors, the media and others interested in Douglas Elliman to
review the information we post on our website at
www.elliman.com and on our social media accounts.
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SOURCE Douglas Elliman Realty