Ryder System has signed a long-term lease for a new headquarters location at the state-of-the-art Colonnade office tower in Coral Gables, Fla.
“In our 90th year, it was important that we honor our founding and remain headquartered in Miami-Dade County, which continues to be a logistics gateway and a county with a growing technology and innovation footprint. Coral Gables is a nationally recognized and business-friendly city that will enable us to continue to attract and retain the best talent, and we look forward to calling it our new home,” says Ryder Chairman and CEO Robert Sanchez.
Ryder had its beginning in South Florida and was founded in Miami in 1933 by Jim Ryder. The new office space is to be ready for occupancy in early 2024.
“As Ryder continues to grow, we will have a state-of-the-art headquarters where we can work together, allowing us to better serve our more than 45,000 customers, current and future employees, and loyal shareholders,” Sanchez says.
The 11-story, Mediterranean-styled building, which will be adorned with the Ryder name and iconic compass logo and renamed Ryder Colonnade, is located at 2333 Ponce de Leon Boulevard at the corners of Coral Way and Ponce de Leon in the heart of the Coral Gables business district. Ryder is slated to occupy two floors of the building. While most of Ryder’s nearly 50,000 workforce is employed throughout North America, the Coral Gables office will be home to approximately 800 South Florida-based office employees, many of whom will remain working remotely or in a hybrid-work capacity. The new headquarters will be sized to a hybrid work style and be a customer showcase for Ryder technology and innovative solutions, the company says.
Additionally, Ryder’s new headquarters space will be equipped with the latest technology infrastructure, which will deliver faster access to information, strengthen cross-functionality and teamwork, and foster stronger collaboration between the company’s business units and its more than 760 maintenance shops and 300 warehouse facilities.
The space will also include a customer innovation center showcasing Ryder’s unique expertise in advanced vehicle technology, e-commerce fulfillment, collaborative logistics, fleet optimization, and customer-facing automation technologies to provide customers with the tools needed to operate effectively in a changing world, the company says.
In March, Ryder announced it sold its current 16.8-acre global headquarters campus at 11690 Northwest 105th Street to Bridge Industrial, a privately owned, vertically integrated real estate operating company and investment manager. The property, which has housed Ryder’s 248,989-sq.-ft.. headquarters office building since 2005, was sold for $42.1 million.