Connect with us

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.

More Zaps Frontpage

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us: spark@stpetecatalyst.com

Subscribe for Free

Share with friend

Please enter email address you want to share this article with