Re/Max International has outgrown its new headquarters at the Denver Tech Center – before it’s even moved in.
Nearly 400 employees will fill the 238,000-square-foot building, expected to be completed in January. Re/Max, which has 625 employees worldwide, is continuing to hire people, said Dave Liniger, the company’s co-founder and chairman.
Founded in the Denver Tech Center in 1973, Re/Max has more than 119,000 sales associates in 65 countries. The company adds up to 15,000 sales associates each year and handles about 2 million transactions annually.
Liniger said he’s scouting for sites for another building in several years but doesn’t have a location in mind.
“Three years ago, we thought this building would handle our growth for the next 10 years,” Liniger said.
The company recently launched a national multiple listing service, giving consumers access to information about home sales previously available only to real estate agents.
The site currently has more than 2 million listings. When it’s complete, there will be about 4 million, Liniger said.
“Consumers want as much information as they can get without talking to somebody,” he said.
Over the past few years, there has been speculation that Re/Max is preparing to go public. Liniger said an initial public offering is not imminent.
Previously, he has said the company might go public to raise cash to buy back franchises and to limit estate taxes if Liniger and his wife were to die.
The new building initially was slated for completion in November, but the cement shortage last fall threw construction off schedule, Liniger said.
The 12-story building at 5075 S. Syracuse St. was designed by Barber Architects and is being built by Weitz Construction. The building includes an 800-car parking garage and production and studio facilities for the Re/Max Satellite Network, the company’s in-house satellite television education network.
The center has two large classrooms, which will be used for week-long training sessions for new franchisees. The company sells about 500 U.S. franchises a year. Previously, it held its training courses at hotel conference centers.
Staff writer Margaret Jackson can be reached at 303-820-1473 or mjackson@denverpost.com.
