The luxury brokerage has entered Pittsburgh and Sewickley and is introducing its third new location in the Great Lakes region this year. Licensing partner Elias Pappan leads the new stores.
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Global luxury brokerage Engel & Völkers has expanded its presence in Pennsylvania with a relocation Pittsburgh and Sewickley, the brokerage announced on Tuesday.
Licensing partner and Pennsylvania resident Elias Pappan, who is also a licensing partner in the brokerage’s recently opened Columbus, Ohio location, leads the business. Austin King will serve as lead broker for the Sewickley deal.
Anthony Hitt | Engel & Völkers
“Our growth in the Great Lakes region took off this year,” said Anthony Hitt, president and CEO of Engel & Völkers Americas, in a statement.
“Markets like Columbus and now Pittsburgh are important to our expansion strategy because they provide both the small-town environment and the amenities of big-city living that our clients desire,” Hitt said. “Having led the launch of our Columbus store a few months ago, Elias has fully embraced our brand’s values of providing luxury services to clients. He is committed to elevating the real estate experience for both clients and industry professionals.”
The stores are the third location in the Great Lakes region that Engel & Völkers has expanded into this year. Now the brokerage serves Coraopolis, Fox Chapel, Mt. Lebanon and Wexford in the region, in addition to Pittsburgh and Sewickley.
Engel & Völkers cited Pittsburgh’s strong job market across technology, healthcare and banking as part of its inspiration for the move to the area. These industries drove migration to the region and dampened the housing market. Residents of the area enjoy the city’s parks and outdoor recreation opportunities, festivals and support of local professional sports teams.
Elias Pappan | Engel & Völkers
Sewickley, which is about 12 miles northwest of Pittsburgh, is located along the Ohio River. The residential area offers tree-lined streets, a number of seasonal festivals and a picturesque downtown.
“Buyers and sellers here are looking for excellent service from their real estate professionals,” Pappan said in a statement. “The market is ripe for a brand like Engel & Völkers to provide the systems, tools, network and reach that make it easier for consumers to buy and sell luxury homes. In addition, our business culture is built on a one-size-fits-all model team successthat enables all our team members to grow their business, achieve their goals and reach their full potential.”
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