New Jersey firms unite under Sotheby's brand

Merger of NT Callaway and Henderson Sotheby's creates 200-plus-agent firm

Inman News®

Two family-owned brokerages in central New Jersey have merged to form a five-office firm, Callaway Henderson Sotheby's International Realty, headquartered in Princeton.

The merger of N.T. Callaway Real Estate LLC and Henderson Sotheby's International Realty creates a 200-plus agent firm with offices in Pennington, Cranbury, Montgomery and Lambertville.

Pete Callaway, Norman Callaway, Karen Callaway Urisko, Jud Henderson, Matt Henderson and Jane Henderson Kenyon will maintain leadership roles, the companies said.

The merger was announced by Realogy Corp. subsidiary Sotheby's International Realty Affiliates LLC, which will market the firm's listings on the SothebysRealty.com global website.

N.T. Callaway Real Estate was an exclusive affiliate of Christie’s Great Estates, Luxury Portfolio and Leading Real Estate Companies of the World.

"This merger offers us the cutting-edge marketing resources and global exposure of the Sotheby's International Realty network," Callaway said in a statement. "We are proud to have the distinction of having been one of the brand's first affiliates in 1976 and are thrilled to rejoin this global network."

According to the New Jersey Department of Banking and Insurance, there were 128 real estate brokers and salespersons associated with Henderson Sotheby's International Realty, and 114 licensees affiliated with NT Callaway Real Estate LLC.

Norman Callaway is listed as broker of record for Callaway Henderson Sotheby's International Realty.

The Sotheby's International Realty network claims nearly 12,000 sales associates located in approximately 590 offices in 44 countries and territories worldwide.

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Submitted by Cresta Rumery on April 25, 2012 - 12:47pm.

What a mouthful! I hope their customers can remember such a long name. If all else fails, the word "Sotheby's" should stick with them. Sounds like a wise move for the two brokerages.
Cresta Rumery
LakewayTexasRealEstate.org
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