A Spokane mother-daughter-owned real estate brokerage has changed its name and plans to move to new quarters on the South Hill.

Exit Real Estate Professionals, formerly Exit Real Estate-Jones & Associates, has leased 2,700 square feet of floor space on the second floor of the Sheffield Building, at 3124 S. Regal, says Sabrina Jones-Schroeder, who co-owns the brokerage with her mother, Gregg Elizabeth Jones.

Jones-Schroeder says the brokerage will move there this month or next from a larger space in a 14,000-square-foot building it owns at 421 S. Division.

She says she and her mother changed the agency's name to simplify it and to signify a new start for it.

Jones-Schroeder says Exit Real Estate's move to the Sheffield Building will bring the brokerage closer to its roots in Lincoln Heights, where she and Jones launched their brokerage, then called Gregg Jones & Associates, 20 years ago. The Sheffield Building had been occupied by another brokerage, Tomlinson Black South Inc., before that office moved farther south on Regal in 2007.

The mother-daughter team bought the building on Division Street, formerly the Ball & Dodd Funeral Home, just southeast of the Interstate 90-Division Street interchange, and moved there five years ago. Coinciding with that move, the two women bought a franchise from Toronto-based Exit Real Estate Corp.

Jones-Schroeder says sales through the brokerage remained stable, although it didn't grow into its Division Street office space as it anticipated prior to the recession, prompting the decision to move to a smaller space in the multitenant Sheffield Building.

"We're surviving, and business is picking up," she says. "We're excited about the move, as are our agents."

Jones-Schroeder says she has received an offer on the Division Street building, which is for sale, but she declines to disclose the name of the potential buyer.

Jones-Schroeder also is a partner with Leif Tangvald in Exit Real Estate Valley, at 1101 N. Argonne, where Tangvald is the managing broker. Exit Real Estate North, located at 1105 W. Francis, on Spokane's North Side, is owned by Don and Mary Gunderjohn.

Sam Morse, of Cantu Commercial Properties LLC, of Spokane, handled Exit Real Estate's lease in the Sheffield Building.