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Celero to relocate to Brentwood from downtown

Photo courtesy of Nashville Post

This story first appeared in our sister publication the Nashville Post.

NASHVILLE POST

Nashville-based Celero Commerce will relocate in early 2020 to Williamson County from downtown Nashville.

According to a release, the financial services technology company has leased about 14,700 square feet of space at Harpeth on the Green IV (pictured) at 100 Westwood Place in Brentwood.

To date, Celero, which bills itself as an integrated business management platform, has operated at One Nashville Place at 150 Fourth Ave. N. within the central business district.

The move out of county of about 30 employees is being dictated by Celero’s desire for, according to the release, continued personnel and client growth while also allowing it the chance “to personalize the space to align with the company’s vision.”

Celero expects to more than double its current employee base of 100 in the next two years.

“We believe culture is essential to attracting the best fintech talent across America and your office space is a key component of that,” Kevin Jones, Celero CEO, said in the release. “Our new headquarters is a place where our employees can work in a fast-paced industry in an environment that’s both collaborative and fun.”

Formed in December 2018 with backing from private equity firm LLR Partners, Celero now has more than 100 employees.

In June, the company announced it had acquired payment processing companies Elmhurst Financial of Brentwood and Greenville, South Carolina-based Tandem Innovative Payment Solutions. Those deals (read here) followed a February acquisition of Minneapolis-based RazorSync, a developer of applications for companies in the field service industry.

According to the release, Celero serves more than 25,000 merchants and processes approximately $10 billion in annual payment.

CBRE brokers Campbell Puckett (Dallas-based senior associate), Laura Taylor (Dallas) and Sarah Pettigrew (Nashville) represented Celero in the lease deal, terms of which were not disclosed in the release.

“The upgraded amenities and location ensure that Celero is in an updated and cohesive environment as it continues to expand,” Puckett said in the release.

DaVita was the former tenant in the building, before vacating in November 2017.

Celero was formed in December 2018 with backing from private equity firm LLR Partners (read here).

By | 2019-09-25T15:44:34-05:00 September 25th, 2019|Categories: Business, BW-News|0 Comments

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