7B Building & Development Company Profile

Background

7B Building & Development is a family-owned and operated general contracting company based in Lubbock, Texas. Established in 2009, the company specializes in real estate acquisition, development, and construction services, with a focus on build-to-suit commercial projects. Over the past decade, 7B has successfully managed and built over 100 commercial build-to-suit projects, establishing itself as a leading commercial development contractor in the Lubbock area.

Key Strategic Focus

7B Building & Development's strategic focus centers on delivering high-quality development and construction services at fair market prices. The company's core objectives include:

Build-to-Suit Commercial Construction: Specializing in custom-built commercial properties tailored to clients' specific needs.

Real Estate Acquisition and Development: Identifying and developing prime real estate locations for commercial use.

Construction Management: Overseeing all phases of construction to ensure timely and within-budget project completion.

7B employs an anticipatory approach to project management, collaborating closely with municipalities and architects to navigate complexities such as zoning, permits, and site investigations, ensuring each project is a solid investment.

Financials and Funding

As a privately held company, 7B Building & Development does not publicly disclose detailed financial information. However, estimates suggest that the company generates approximately $5.3 million in annual revenues and employs around 30 people at its Lubbock location.

Pipeline Development

7B Building & Development has a robust pipeline of commercial build-to-suit projects, having completed over 400 such projects to date. The company continues to expand its portfolio by identifying and developing prime real estate locations for commercial use, ensuring each project aligns with clients' specific requirements and market demands.

Technological Platform and Innovation

While specific proprietary technologies or AI-driven capabilities are not publicly detailed, 7B Building & Development emphasizes efficient, economical builds and maintains open communication and accountability during all phases of construction. The company employs an anticipatory approach to project management, collaborating closely with municipalities and architects to navigate complexities such as zoning, permits, and site investigations, ensuring each project is a solid investment.

Leadership Team

The leadership team at 7B Building & Development includes:

Derrick Merchant: President/CEO

Trey Merchant: Managing Director

Chad Merchant: Managing Director

These individuals are actively involved in the company's operations, focusing on delivering high-quality development and construction services.

Market Insights and Competitor Profile

The commercial construction industry in Texas, particularly in the Lubbock area, is characterized by a growing demand for build-to-suit projects. This demand is driven by businesses seeking customized spaces that align with their operational needs. The market offers opportunities for companies like 7B Building & Development to leverage their expertise in delivering tailored construction solutions.

Key competitors in the Lubbock area include:

Horizon Builders: Specializes in metal buildings, metal roofing, and pre-engineered steel structures for residential, commercial, and agricultural projects.

Tivoli Building LLC: Focuses on creating modern and functional spaces for both commercial and residential properties.

These competitors offer similar services but may differ in their specific areas of expertise and project scopes.

Strategic Collaborations and Operational Insights

7B Building & Development collaborates with various municipalities, architects, and subcontractors to navigate project complexities such as zoning, permits, and site investigations. These partnerships are crucial for ensuring project success and timely completion.

The company differentiates itself through its anticipatory approach to project management, focusing on minimizing disruption and streamlining project progress. The commitment to quality, timeliness, and open communication has fostered strong partnerships with subcontractors and vendors nationwide.

Strategic Opportunities and Future Directions

The company aims to sustain growth by continuing to deliver high-quality build-to-suit projects and expanding its portfolio of commercial developments. By leveraging its expertise and maintaining strong industry relationships, 7B Building & Development is well-positioned to capitalize on the growing demand for customized commercial spaces in the Texas market.