Fast-Growing Company Expands Headquarters to Accommodate Additional Staff

PHOENIX-A fast-growing firm, which received an infusion of $65 million in funds in October from GTCR Golder Rauner LLC of Chicago, has leased a new office building to accommodate its burgeoning ranks.

Tempe-based LeapSource, which specializes in outsourced financial and accounting services, leased 85,800 sf in Tempe at 7333 S. Hardy Rd.

The new building will house administrative staff, finance and accounting personnel, as well as the company’s technical and infrastructure workers. Initially 200 employees will be in the building, but that number could grow to 500 in just a few years, says company officials.

“This is huge for us,” said Matt Appel, director of client operations. “We now have the space we need to grow into.”

The Phoenix office of CB Richard Ellis negotiated the lease.

LeapSource sells outsourcing of finance, accounting and other office operations. The company keeps its clients’ information on LeapSource systems, which they can then access via the Internet or private networks. Recently, the company made it possible for executives to retrieve key company financial information using Palm VII wireless personal digital assistants.

LeapSource was founded in September 1999 and has grown rapidly since. The company now has about 400 employees.

In addition to its Tempe headquarters, the company has offices in Los Angeles, San Diego, Chicago, Philadelphia and Washington, D.C.