Envela Corporation (NYSE American: ELA) announced today that it has signed an agreement to purchase an office building for its next corporate headquarters, located in the Las Colinas community of Irving, Texas. Envela plans to relocate its corporate headquarters and its Teladvance, LLC subsidiary to the new facility.
The property features over 72,000 square feet of office space on more than five acres of land. Las Colinas is a 12,000-acre master-planned business and residential community in Irving and is home to more corporate headquarters than any other Texas city.
"Our growth is a testament to the high-quality workforce and unmatched economic environment that Texas offers. We need additional space to continue expanding operations and attracting top talent," said John Loftus, Envela's Chairman and CEO. "This is a tremendous property that will facilitate our bold growth ambitions in the environmentally friendly ecommerce sector," added Loftus.
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