In a transformative move within the Kansas real estate landscape, J.P. Weigand & Sons, a long-standing leader in the Wichita market, has announced plans to sell its residential real estate division to Berkshire Hathaway HomeServices PenFed Realty, according to a media release.
The strategic divestment marks a significant evolution in Weigand’s business strategy as the company shifts its focus solely to commercial and auction services.
The transaction brings together two highly respected names in real estate, with the aim of strengthening their respective positions and enhancing opportunities for growth. Under the agreement, Weigand’s residential operations will be absorbed into the Berkshire Hathaway HomeServices PenFed Realty brand, providing agents and clients access to expanded resources and a broader network.
“This decision to evolve and focus our resources on the commercial market services did not come lightly,” said Kevin Dreiling, President of J.P. Weigand & Sons. “After careful consideration, we felt that we could best serve our employees and associates with a refocused attention on the commercial markets moving forward. Weigand’s attention will continue to be on providing highly professional brokerage solutions to our clients.”
Dreiling emphasized the company’s renewed commitment to its commercial divisions, citing areas of planned growth including leasing, tenant representation, site selection, investment sales, auctions, consulting, and development services. “Our objective is to be the market leader in those sectors with continued guidance from the J.P. Weigand principles of integrity and excellence,” he added.
The decision also reflects Weigand’s desire to create long-term value for both its clients and associates. The transition is expected to offer Weigand’s residential agents new avenues for professional development and greater access to technological and operational support from Berkshire Hathaway HomeServices PenFed Realty.
“For generations, J.P. Weigand & Sons has been integral to the Wichita community,” said Nes Weigand, Chairman of the Board. “Our unwavering commitment to the Central Kansas real estate market continues with Berkshire Hathaway HomeServices PenFed Realty. The alignment of our values and business philosophies makes this partnership a natural fit, and I am confident in the opportunities it will create for our agents and staff.”
J.P. Weigand & Sons will continue to operate independently in the commercial sector, reinforcing its legacy as a cornerstone in Kansas real estate since its founding. The company remains committed to delivering exceptional service and expertise to clients across the region.
The transition is expected to be finalized in the coming weeks, ushering in a new chapter for both companies in the ever-evolving real estate industry