America’s Auction House Consolidates Three Dallas Locations
June 04, 2020
DALLAS, TEXAS – Heritage Auctions has moved its global headquarters into a new state-of-the-art, 160,000-square-foot facility and multi-purpose campus, befitting its status as the largest auction house founded in America.
As of June 1, Heritage Auctions’ global headquarters is now located at 2801 W. Airport Freeway, Dallas, Texas 75261, which is adjacent to Dallas Fort Worth International Airport and in its foreign trade zone. Transwestern Principal Nora Hogan facilitated the move, with additional support from Principal Robert Deptula and Vice President Jordan Wade. Mark Hayes with HPI Real Estate Services and Investments represented the landlord, Bandera Ventures.
The new headquarters, less than 30 minutes from both downtown Dallas and Fort Worth, is twice the size of Heritage’s longtime home at 3500 Maple Avenue, and now consolidates its three separate Dallas locations under a single roof. The single-story complex spans the length of nearly three football fields.
In the works for more than a year, this consolidation is the most significant expansion in the firm’s history, and comes at just the right moment.
Heritage is already renown as the world’s largest collectibles auction house – a global leader in coins, comic books, sports and entertainment memorabilia, among 40 categories. In recent years, however, the company has made dramatic and significant expansions into the realms of fine art, fine and rare jewelry and timepieces, luxury handbags, rare wines and historic nature and science artifacts. The move to the expansive new facility will increase operational efficiencies and allow Heritage to better serve its more than 1 million clients, both buyers and consigners from across the globe.
The new headquarters features an 8,000-square-foot gallery showroom for invitational art exhibitions and events, such as collectibles shows.
“We are excited to now be in the middle of Dallas-Fort Worth near one of the world’s largest airports,” said CEO and Co-Founder Steve Ivy. “This location and facility will better serve all of our clients, including bidders and consignors who visit our showrooms or consign with us.”
“After reviewing all available options, Heritage Auctions decided to start with a clean slate under one location that still allows for superior worldwide customer service to clients,” said Hogan. “Located at the intersection of two major highways, this space allows Heritage to easily serve out-of-town clients as well as DFW residents who need appraisals. This location also allows them to serve the metroplex while keeping a Dallas address, which is where the company started and is considered an integral part of the Heritage legacy.”
Nearly 450 of Heritage’s more than 600 employees will occupy its new headquarters. Established in Dallas in 1976, Heritage also maintains offices in New York, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong.
About Heritage Auctions
Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world’s largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong.
Heritage also enjoys the highest Online dollar volume of any auction house on earth (source: Hiscox Report). The Internet’s most popular auction-house website, HA.com, has more than 1,250,000 registered bidder-members and searchable free archives of five million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.