John L. Scott Real Estate recently announced that it has entered into an agreement to acquire the Kitsap County offices of Reid Real Estate, a well-regarded real estate brokerage firm that services Kitsap and Mason counties. Reid Real Estate has over 45 brokers in Kitsap County with offices in Silverdale, Bremerton and Port Orchard.
The acquisition of Reid Real Estate comes in advance of the upcoming Kitsap County retirement of owner Jerry Reid. John L. Scott will now have the unique opportunity to expand and enhance its services in Kitsap County by adding the experience and local expertise of Reid Real Estate’s brokers to John L. Scott’s existing network of real estate professionals. The Reid Real Estate Silverdale and Port Orchard offices will be merged with John L. Scott’s existing offices in those cities. Reid Real Estate’s Bremerton office will be re-branded to John L. Scott Real Estate. Jerry will retain the Mason County Reid Real Estate office in Belfair.
“Jerry Reid set the standard for professional real estate service in Kitsap County and the real estate market would not be where it is today without his leadership for nearly 50 years,” says J. Lennox Scott, Chairman and CEO of John L. Scott. “It will be exciting to see two great teams join together to continue providing Kitsap County with quality real estate service. We wish Jerry a happy retirement and look forward to welcoming his brokers to our family.”
Jerry Reid founded Reid Real Estate in 1967. The Reid name is now both iconic and synonymous with real estate throughout Kitsap County. Like John L. Scott, Reid and his company have made it a point to give back to the community. While the John L. Scott Foundation supports children’s healthcare and rehabilitation at Harrison Hospital, Reid Real Estate supports a number of local organizations like the Bremerton Rotary, Admiral Theater, Boys & Girls Club, YMCA, Relay for Life, Habit for Humanity, the Boy Scouts, Great Peninsula Conservancy, and the Olympic College Foundation.
“John L. Scott is a company that is a fixture in the Northwest,” says Jerry Reid, founder of Reid Real Estate. “I can trust that my colleagues, who have been instrumental in helping to build Reid Real Estate over the last 47 years, will be in capable hands.”
The transaction is expected to close on September 26, 2014.
For more information, visit www.johnlscott.com.