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6/05/20
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Heritage Auctions has leased a new state-of-the-art, 160k sf facility and multi-purpose campus in Dallas as its new global headquarters. The facility, located at 2801 W. Airport Fwy, features an 8k sf gallery showroom for invitational art exhibitions and events, such as collectibles shows.
The new headquarters, less than 30 minutes from both downtown Dallas and Fort Worth, is adjacent to Dallas Fort Worth International Airport and within its foreign trade zone. The building is twice the size of Heritage’s longtime home at 3500 Maple Ave, and now consolidates its three separate Dallas locations under a single roof. The single-story complex spans the length of nearly three football fields.
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.
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.
Nora Hogan, Robert Deptula and Jordan Wade with Transwestern represented the tenant in the deal. Mark Hayes with HPI Real Estate Services and Investments repped the landlord, Bandera Ventures. Terms of the transaction were not disclosed.
“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.”
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