The mother-daughter team that owns Exit Real Estate Gregg Jones & Associates has bought an old funeral home building near downtown Spokane and plans to remodel the structure into a new home for the longtime real estate brokerage.


The team, Gregg Jones and her daughter, Sabrina Jones-Schroeder, bought for $650,000 the former Ball & Dodd Funeral Home building, at 421 S. Division. Jones-Schroeder, the firms managing broker, says they likely will spend at least another $650,000 remodeling the 14,000-square-foot structure, which is just southeast of the Interstate 90-Division Street interchange.


Its a phenomenal location, Jones-Schroeder says. Were stoked about the exposure well receive there.


Remodeling work is scheduled to start in the next few weeks and will take about six months to complete, Jones-Schroeder says. The agency plans to move there this summer.


Baker Construction & Development Inc., of Spokane, is the general contractor on the remodeling project, and Wolfe Architectural Group PS, of Spokane, is designing the improvements.


Exit Gregg Jones currently occupies 3,200 square feet of leased space in the Lincoln Heights Shopping Center, at 2975 E. 29th, and has 29 agents.


In the new location, the agency will be able to accommodate as many as 75 real estate agents. The company, which affiliated with Toronto-based Exit Realty Corp. on Dec. 1, said in November that it plans to grow aggressively and hopes to have about 70 agents within the next two years.


In November, Exit Gregg Jones announced plans to lease space in a 5,000-square-foot building at 2607 Southeast Blvd., but later opted instead to buy the former Ball & Dodd building.


Ball & Dodd has vacated the South Division building and moved to 5100 W. Wellesley, on Spokanes North Side.