CHICAGO, April 2, 2012 (GLOBE NEWSWIRE) -- Echo Global Logistics, Inc. (Nasdaq:ECHO), a leading provider of technology-enabled transportation and supply chain management services, announced today it signed a lease with Lincoln Property Company for a 11,114 square foot office space at the Camelback Square development in Scottsdale, Arizona. The company was represented during the transaction by Paul Reaumond and Ross Peterson of CBRE.
In the summer of 2011, Echo Global Logistics acquired Advantage Transport, a truckload transportation brokerage firm, and retained the firm's employees after the acquisition. Echo Global Logistics then began the process of reviewing various office locations in order to facilitate the growth of staff. With 54 current employees, the company plans on reaching a capacity headcount of approximately 120 full-time employees in the new office.
"We are very pleased to select our office space at Camelback Square, a premier building located right in the heart of Scottsdale," said Doug Waggoner, Chief Executive Officer of Echo Global Logistics. "After our 2011 purchase of Advantage Transport, we merged our operations and needed to expand to a larger location in order to manage the newly retained staff members. Scottsdale is a vibrant community that offers a talented pool of professionals and many great amenities that make it an exciting place to work."
Located at 6991 East Camelback Road, Camelback Square is a 172,690 square foot, three-story building in downtown Scottsdale. The complex is served by property and construction manager Lincoln Property Company, a full-service real estate firm with 4,400 employees and a presence in over 200 U.S. cities.
About Echo Global Logistics
Echo Global Logistics, based in Chicago, is a leading provider of technology-enabled transportation and supply chain management services, delivered on a proprietary technology platform, serving the transportation and logistics needs of its clients. Echo maintains a web-based technology platform that compiles and analyzes data from its network of over 24,000 transportation providers to serve its clients' shipping and freight management needs. Echo procures transportation and provides logistics services for clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. For more information on Echo, visit: www.echo.com.
The Echo Global Logistics, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5293
CONTACT: INVESTOR RELATIONS CONTACT:
Suzanne Karpick, Echo Global Logistics, (312) 784-7414
Hanni Itah, SSPR, (847) 415-9324, firstname.lastname@example.org
Source: Echo Global Logistics, Inc.
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