Phoenix – October 5, 2016 – Full-service transportation broker Veyo has leased office space at The Plaza at Squaw Peak, located at 7600 N 15th Street in Phoenix, Ariz. Veyo, also operating in California, Colorado, Idaho, Michigan and Texas, expanded into Arizona in November of 2015. Following growth in the firm’s local service area and workforce, Veyo elected to transition from temporary office spaces and to establish a permanent operations center in Arizona.
“Since our launch in November of 2015, we’ve added over 1,700 Independent Driver-Providers who are now completing an average of over 7,000 trips a day in the Phoenix and Tucson markets,” said Michael Coleman, executive vice president of operations with Veyo. We’re excited about our growth and the opportunity to accommodate even more Driver-Providers. CBRE was great to work with and we look forward to partnering with them in the future.”
Veyo was represented by Colton Schranck with CBRE’s Phoenix office. Greg McMillan with Cushman & Wakefield represented the landlord, Los Angeles-based BH Properties.
“Veyo’s commitment to Arizona is a testament to Phoenix as a hub for technology and innovation,” said CBRE’s Schranck. “The abundance of early stage and hyper-growth tech companies maintaining a presence in the Valley continues to be a signal of the state’s leadership and economic viability for scaling companies such as Veyo.”
The Plaza at Squaw Peak features multiple conference facilities, an on-site fitness center and numerous open meeting spaces featuring large atriums. The property, located in Central Phoenix, is easily accessible to State Highway 51, the I-10 and the Loop 101. Close proximity to downtown and abundant parking space will allow Veyo to improve the company’s operational efficiency by reducing driver congestion.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
