Seattle-based Convoy, which connects freight shippers and carriers, announced Thursday it is subleasing more than 123,000 square feet of office space on three floors in downtown's Russell Investments Center for its new headquarters.
The company is moving out of its current 73,000-square-foot space in Century Square and already has access to its new offices. Convoy will sublease the Century Square space but hasn't found a tenant yet, according to a company spokesperson.
“The future of work will include both in-person and virtual working experiences, and we’re excited to bring this hybrid vision to life in one of the best office environments in Seattle,” Dan Lewis, CEO and co-founder of Convoy, said in a news release. “The Russell Investments Center is not only the perfect, fun and productive place to support our growing base of employees, it is the most sustainable high-rise building in Seattle."
Convoy will be moving all of its operations to the Russell Investments Center. A spokesperson said Convoy has more than 1,000 total employees, with 75% based in Seattle. The company also has an office in Atlanta and some employees in Chicago.
A Zillow spokesperson confirmed the company is subleasing two of the floors to Convoy, adding that the company doesn't have plans to sublease any other floors at the building. Russell Investments Center, at 1301 Second Ave., has 42 floors and 874,000 square feet of office space.
Convoy plans to return to the office in the fall but hasn't set a specific date, the spokesperson said.
Convoy was founded in 2015 and allows carriers to bid on loads through an app with the goal of reducing empty miles. Shippers, meanwhile, can reduce costs and improve supply chain efficiency, according to Convoy. The company raised $400 million in 2019 and reached a valuation of $2.7 billion.
In a blog post published Thursday, Convoy said it is adopting a hybrid work model but won't require employees to come in for a minimum number of days each week. Rather, it will be up to teams to decide which days they would like to work in-person. The company will also have some remote roles that only require an employee to work in-person a few times each year.
