Salt Lake City-based Windermere Real Estate Utah, a residential and commercial real estate company with 14 Utah offices, has acquired Jess Reid Real Estate of Park City. Financial terms of the transaction were not disclosed.
“Jess Reid Real Estate was founded in the early 1980s and has been serving Park City longer than any other brokerage,” said Grady Kohler, principal broker and owner of Windermere Real Estate Utah. “In looking to expand, the Jess Reid name offered us a tremendous opportunity to greater meet the real estate needs of Park City locals and international clients. With this acquisition, we now have five Windermere offices in Park City.”
Jess Reid Real Estate has three offices in the Park City area with 30 licensed real estate agents representing a combined 300 years of real estate experience, Kohler said. Those offices will be rebranded with the Windermere name. Jess Reid will continue working in Park City as a Windermere branch manager.
“In looking to sell, I wanted a buyer with local ties,” Reid said. “Grady is a great fit. He and his family are Park City residents and are actively involved in the community. Windermere offers the technology and network to lead us in a new world of change.”
Jess Reid Real Estate is the only Utah firm with an affiliation with Christie’s International Real Estate. Christie’s is a global network offering home and luxury real estate services to buyers and sellers worldwide.
Reid was the founding president of the Park City Chamber Bureau. He was on the founding board of directors for the first Park City Board of Realtors and president of that organization. He was appointed by two different governors to the Utah Travel Council board of commissioners and served as its chairman.