Dutch Bros signs Valley's largest office lease of the year

Dutch Bros Inc. has found its home for a corporate office in Arizona.

Dutch Bros (NYSE: BROS), which is based in Grants Pass, Oregon, has signed a full-building lease at Liberty Center at Rio Salado — a business park in Tempe — according to industry sources and multiple second quarter office market reports by brokerage firms with a presence in Phoenix .

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Dutch Bros will occupy 136,426 square feet at 1930 W. Rio Salado Pkwy, in the same building that was once home to the headquarters of Tempe-based online car retailer Carvana Co.

Dutch Bros' corporate office expansion into the Valley has been ongoing since the start of the year .

The company opened a small office at The Quad in Scottsdale at 6320 E. Thomas Road earlier this year to temporarily house company's operations support staff before it moved into a large office space.

Dutch Bros has suggested that 40% of its corporate staff companywide will be working in the Phoenix area office by the beginning of 2025.

Read more of this story from the Business Journal.

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