The unprecedented growth in the Dallas-Fort Worth real estate market is buoying one local brokerage, which in turn is reinvesting in offices and agents.
Ebby Halliday is one of the largest and most dynamic brokerages in North Texas with 31 offices, over 1,800 agents, and 12 percent of the market.
“We just had a fine fiscal year, closing Sept. 30, thanks to the very dynamic DFW economy,” said Ebby Halliday Chief Financial Officer Ron Burgert. “Volume-wise, it was just a shade better than the prior year and we closed in the area of 20,000 units.”
The overall sound financials of Ebby allow the company to undertake the construction and refurbishment of quite a few offices around North Texas, underscoring the company’s commitment to the region and signaling its plans to remain one of the top brokerages nationwide.
Five offices are getting additions, or are new construction altogether. The Denton location moved from its old building to a brand-new, 4,000-square-foot office at 2430 S. Interstate 35. This contemporary space with lots of room for agents and future growth had its official ribbon cutting on October 13.
The Preston Keller office at 16000 Preston Road is receiving a new training center of about 1,500 square feet to accommodate weekly sales meetings, training, and educational meetings. That space is slated to open Nov. 1.
“If I were an agent, I would like to work in incredible environments like these,” said Burgert. “These offices look really nice and make a statement to the cities they’re in that Ebby is here to stay.”
Ebby is also opening a second Rockwall location south of Interstate 30 on Ridge Road. This will be new construction, slated for completion in February 2017. The building will have 7,740 square feet complete with a training center.
A brand-new Allen office is being planned and had its groundbreaking ceremony Oct. 26 with city officials. The building will be 10,450 square feet with a targeted opening day in June 2017.
The Southlake office at 1575 E. Southlake Blvd. is 12,750 square feet on Highway 1709. It was completed in late 2014 and stands as a model of the kinds of offices Ebby creates for its agents.
The grand opening of the Ebby’s Southlake office.
Four offices are currently getting remodels.
The Irving office at 7520 North MacArthur Blvd. is 99 percent done with its facelift, which will create a contemporary, serene space. The Arlington office at 1201 West Green Oaks Blvd., which dates back to 2001, is a 9,515-square-foot space undergoing exterior and interior work. The effort there is almost complete.
In the Park Cities, the Dave Perry-Miller Real Estate (an Ebby Halliday company) location at 5500 Preston Road is in a 15-year-old building across the street from the Dallas Country Club. Its sales volume is high and that area is very viable, Burgert said. So Ebby is in the process of obtaining bids for renovations, targeted for completion by June 2017.
In Fort Worth, the Williams Trew (also an Ebby Halliday company) office is being upgraded at 3707 Camp Bowie Blvd. It’s in the final stages of completion.
“We’re telling DFW that we’re on the go,” Burgert said. “The philosophy here is to take the capital from these very good years and keep it flowing back into the company — Ebby is reinvesting in itself as time goes by.”
The corporate headquarters at 4455 Sigma Rd., near the Dallas Galleria, houses many different departments for Ebby. The Marketing Department will soon move next door to newly remodeled space at 4441 Sigma in order to expand the department and allow for even more creative ad campaigns. The new space will also house a training center to accommodate 100 or more agents at a time.
“People are attracted to Ebby and we’re committed to providing the kind of offices and training to help them lead successful careers with us,” said Burgert. “It’s just one way we are honoring Ebby’s extraordinary legacy of service to the North Texas region.”