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Kforce agrees to sell Ybor City HQ

April 27, 2021 - Kforce said it has an agreement to sell its corporate headquarters at 1001 E. Palm Ave. in Ybor City. The deal calls for the property to sell for $24 million, and Kforce (Nasdaq: KFRC) expects a pre-tax gain of $2 million when the deal closes, a regulatory filing said. The sale is expected to close in mid-May. The name of the buyer was not disclosed in a news release announcing the deal.  Kforce will lease back the facility for 18 months while it looks for space for a new corporate headquarters in the Tampa Bay area. Kforce, which provides professional staffing services, said its decision was based on a review of business data and trends as well as employee surveys that show a desire for less time in the office and more flexibility. Kforce has been in its current 130,000-square-foot corporate headquarters since September 2001. Since then the company has narrowed its focus through a series of divestitures and occupied only about 50 percent of the space before the Covid-19 pandemic. Since March 2020, when the pandemic began, the company has been working 100 percent remotely. The company is aiming for a "technology-enabled, fully integrated hybrid work environment," Joseph Liberatore, president, said in the news release.

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