FOR IMMEDIATE RELEASE
NEW YORK, NY – OCTOBER 30, 2023 – The Corcoran Group, New York City’s top residential real estate brokerage, today announced that Paul Wexler, a leading healthcare and commercial real estate expert, has expanded his business to New York’s discerning East End. Announcement of the expansion was made by Ernest Cervi, Regional Senior Vice President of the firm’s East End operations.
For almost 40 years, Paul Wexler has used his masterful market expertise to make extraordinary leaps within the healthcare and commercial real estate industry. Wexler brought his team to jumpstart the commercial business at Corcoran when he originally partnered with Barbara Corcoran in 1999. Wexler is a pioneer in the highly specialized healthcare real estate arena and is considered the leading expert in New York City. Wexler Healthcare and Commercial Properties currently represents over one million square feet of space across 100 healthcare, commercial, and retail properties throughout New York City.
Wexler has already completed a transaction in the East End, bringing NYU Langone Medical Associates to Bridgehampton. Now, the team is exclusively representing four new development properties for one of the East End’s most prolific builders, The Farrell Companies—three in Riverhead, 374 Main Road, 314 Main Road, 743 Union Avenue, and one in Bridgehampton at 2297 Montauk Highway. Wexler and his team have also been engaged to bring a healthcare or commercial tenant to the Bridgehampton property, at which the build can be tenant-specific with the signing of a long-term lease. Moreover, he is currently selling three development sites on the North Fork.
“I am thrilled to welcome Paul and the Wexler Healthcare and Commercial Properties team to the East End,” said Cervi. “No one is more knowledgeable about the healthcare and commercial industry, and it’s a win for everyone to have a specialist like Paul, a longtime resident, out East growing his business.”
Wexler remarked on the growth, “Expanding to the East End is a natural move forward for my team. As more people make their East End homes their primary residences, I recognized the need for additional infrastructure to support
the increasing number of full-time residents. Since I have had a home out here for over a decade, I knew it was the perfect time to broaden the successful career I’ve had in Manhattan out East, with potentially more locations to come.”
With this new office, Wexler Healthcare Properties welcomes a new team member, Dan Lessing, who will closely collaborate with Paul on the group’s East End business. Lessing, a 30-year industry veteran, comes to Corcoran from his principal role at DSR Group, overseeing the leasing and sales of five million square feet of commercial space across the tri-state area.
ABOUT THE CORCORAN GROUP
The Corcoran Group has been a leading residential real estate brand for 50 years. Through its New York City, Hamptons, and South Florida brokerages, along with its rapidly growing affiliate network, the firm is home to more than 100 offices and more than 4,500 independent salespersons in key urban, suburban, and resort markets nationwide. Corcoran agents earn and keep their clients’ trust with an unwavering commitment to white-glove service, expertise, and integrity. In every market served, Corcoran helps you find the home that’s just right for you. The Corcoran® brand comprises both offices owned by a subsidiary of Anywhere Advisors LLC (f/k/a Realogy Brokerage Group LLC) and franchised offices, which are independently owned and operated. For more information about The Corcoran Group, please visit www.corcoran.com.
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