New London County’s No. 1 Luxury Real Estate Firm, William Pitt Sotheby’s International Realty Expands Regional Presence With New Mystic Location
Mystic, Conn. (October 4, 2021) — William Pitt Sotheby’s International Realty today announced that the firm has expanded its reach in New London County in a merge with local real estate boutique firm Arruda Real Estate. Jon Arruda and 13 more Arruda sales associates, as well as four additional agents for a total of 18 agents, will now work with William Pitt Sotheby’s International Realty in Mystic, operating out of Arruda’s former offices at 41 Williams Avenue.
The company will host a special grand opening celebratory event at the new brokerage location on October 7, 2021. Agents will have the opportunity to mingle and network with the company’s senior leadership as well as members of the Greater Mystic Chamber of Commerce and local dignitaries who will also be in attendance.
William Pitt Sotheby’s International Realty said the merger was part of a larger strategic move to grow its presence in New London County and along the Connecticut Shoreline. In May, the firm opened a new highly visible office location in Niantic. The Mystic brokerage now joins the firm’s Niantic and Old Lyme brokerages to become its third New London County location, and its 27th brokerage overall.
William Pitt Sotheby’s International Realty is now the No. 1 luxury real estate brand in New London County according to SmartMLS, with top brokerage market share for all residential property sales over $600,000 in the last 12 months.
The company said the merger provides it with an even stronger ability to serve all Shoreline communities including Mystic, Stonington, New London and surrounding areas, as well as Rhode Island shore communities up to Naragansett.
The Mystic brokerage manager will be Heather Gagnon, who also serves as the manager for the company’s Old Lyme and Niantic brokerages.
“We are excited to join forces with such an esteemed Connecticut Shoreline firm and are thrilled to welcome so many highly skilled agents to our company,” Gagnon said. “We know we will greatly benefit from their real estate expertise, talent and rich local knowledge, while they in turn will benefit from the prestigious and far-reaching platform offered through our international brand.”
A Mystic resident, Jon Arruda founded Arruda Real Estate in 2011 and quickly became a top producer in the community, specializing in residential and commercial sales, investment properties, second homes, waterfront estates, beach homes and luxury condos. Prior, he worked with the Boston Real Estate Group, one of Boston’s top-ranked real estate offices, and was a managing partner with the New England Company, growing that firm into one of the top producing residential contractors in Eastern Connecticut. After leading Arruda Real Estate for 10 years, he will focus on sales with William Pitt Sotheby’s International Realty.
Additional agents moving to William Pitt Sotheby’s International Realty from Arruda include Josee Rockwell, Heather Sawyer, Kathy Pupa, Jennifer Cady, Lindsey Conroy, Michaela Bean, Tony Arruda, Craig Arruda, Carl Bardy Jr., Judd Fertman, Renee Rossi, Todd Przbysz and Nikki Bonano. Three agents already affiliated with William Pitt Sotheby’s International Realty—Bonnie Nault, Dave Thomas and Liz Squillacote—will now base themselves out of Mystic, while Cheryl Christopher, previously associated with Compass, will also join the company.
“This association brings us a new and higher level of marketing and networking reach,” Arruda said. “The international exposure with connections to real estate experts all over the world, extraordinary marketing both nationally and globally, cutting-edge technology, preeminent branding and incredible referral opportunities are just a few of the advantages that will now enhance our business.”
About William Pitt – Julia B. Fee Sotheby’s International Realty
Founded in 1949, William Pitt – Julia B. Fee Sotheby’s International Realty manages a $5.9 billion portfolio with more than 1,100 sales associates in 27 brokerages spanning Connecticut, Massachusetts, and Westchester County, New York. William Pitt – Julia B. Fee Sotheby’s International Realty is one of the largest Sotheby’s International Realty(R) affiliates globally and the 37th-largest real estate company by sales volume in the United States. For more information, visit the website at williampitt.com.
Sotheby’s International Realty’s worldwide network includes 1,000 offices throughout 75 countries and territories on six continents.
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