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Deals & Dealmakers

Weichert launches new development firm

Jim Weichert, president, chairman and CEO of the Weichert Family of Companies, announced the launch of Weichert Development Company, a full-service, privately held residential and commercial real estate investment and development business based out of the organization’s corporate headquarters in Morris Plains, N.J.

Weichert Development Company’s will offer services ranging from property site selection, acquisition and construction to financing, leasing, property management and maintenance.

The new company will be led by ilongtime Weichert executive John G. Udell. A 38-years veteran of the industry, Udell was most recently president of Weichert Commercial Brokerage, Inc., a position he held for more than 15 years.

Said Weichert, “With the expertise of John Udell at the helm of this venture and our existing relationships with a variety of industry and municipal partners, we believe that Weichert Development Company will quickly achieve the same level of success as the other national and global real estate companies affiliated with Weichert.”

Wiechert was founded in 1969 with one single residential brokerage office. Today it is among the nation’s leading providers of homeownership services.

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