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Jean-Marc Levet opens office in New York.

Jean-Marc Levet opens office in New York

Over 200 years after its founding in Paris in 1785, Jean-Marc Levet, S.A., one of Europe's pre-eminent real estate firms, has opened a New York office that will serve as its international headquarters.

The company is the first full service overseas real estate firm in recent memory to establish headquarters in Manhattan.

Known as Jean-Marc Levet & Partners, the New York office, at 445 Park Avenue, is starting with a staff of 30 real estate professionals and support personnel, half of which is engaged in high-end residential sales and the other half in commercial brokerage and consulting. The residential division plans to expand to a maximum of 30 top brokers.

"We chose New York because we felt there was no better place to establish an international presence, and at the same time, begin building a worldwide network," asserted Parisian Jean-Marc Levet, principal partner of the company, who has entrusted the day-to-day operations of the Manhattan office to two principals well known both locally and abroad.

Susan Merdinger, a former vice president of international sales for Merrill Lynch's Real Estate Division, and most recently, head of her own Savoy International Real Estate Ltd., will serve as the president and managing partner of Jean-Marc Levet & Partners Residential. Her division will concentrate on luxury home sales, appraisals, international marketing and corporate relocation.

E. Rene Frank, an internationally renowned realtor who just merged his 36-year-old firm, International Property Counselors Ltd., into the new entity, will head Jean-Marc Levet & Partners Commercial as its president and managing partner. His division will concentrate on investment sales, corporate and retail leasing, appraisals and counseling, with particular emphasis on international transactions.

In addition to its broad range of global activities, Jean-Marc Levet & Partners, under the direction of Merdinger, is setting up an in-house Relocation Service Center that will serve the needs of corporations, relocation companies and transferring executives. Other unusual programs within the company include a Career Development Exchange, whereby qualified staff will be eligible to transfer to other Jean-Marc Levet offices in the worldwide network.

As a result of the merger with Frank's firm, the new entity already has offices and affiliations in twelve countries, including France, England, Germany, Italy, Spain, Canada, Brazil and Malaysia.

PHOTO : Manhattan's newest full service real estate company had its origins in Paris over two centuries ago. Principals of the newly opened Jean-Marc Levet & Partners are : Susan Merdinger, Jean-Marc Levet and E. Rene Frank.
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Publication:Real Estate Weekly
Date:Nov 20, 1991
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