Kforce Secures New Headquarters in Midtown Tampa

The Firm signed a 10-year lease for its new hybrid headquarters

TAMPA, Fla., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Kforce Inc., a solutions firm that specializes in technology and other professional staffing services, announced today that it has signed a lease for its new headquarters in Midtown Tampa. Kforce is proud to have honored its commitment to stay in Tampa. The Firm will occupy the fifth floor of Midtown West, one of four office buildings planned for the 22-acre, $500 million mixed-use development. The 10-year-lease goes into effect October 2022.

Kforce, one of the largest publicly traded companies in Tampa Bay, announced the sale of its Ybor headquarters in April. Its executive leadership team immediately started searching for a state-of-the-art space that aligns with its future hybrid work environment. Kforce has operated remotely since March 2020, but the lease signing does not mean employees will be required to return to the office five days a week or on a regular rotational basis. Instead, Kforce is taking an “office occasional” approach whereby employees are encouraged to come into the office for interactions best done in person, such as team building, client collaboration and training. Otherwise, Kforce intends for its employees (Kforcers) to continue to work remotely, leveraging the technology and processes the Firm has deployed over the past 18 months, enabling them to build an optimal life-work balance. Kforcers’ workdays will shift seamlessly between Midtown Tampa, their home offices, a coffee shop or wherever their day takes them.

“Our new headquarters, and all that Midtown has to offer, truly compliments our office occasional approach and the future of our firm,” Kforce President Joe Liberatore said. “We’re building a culture of flexibility and choice empowered by trust and technology.” Midtown Tampa, located off Interstate 275 between downtown and Tampa International Airport, provides a host of amenities for Kforce employees to enjoy. It’s home to 11 restaurants, 13 retailers, a hotel and the largest Whole Foods Market in Tampa Bay.

“We are thrilled that Kforce has chosen Midtown West as its new corporate headquarters,” said Dan Woodward, Senior Vice President and Tampa Market Leader for Highwoods Properties. “Kforce is a powerful addition to the area that further rounds out the diverse mix of leading national corporations, high-end retailers, and local restaurants, and we are looking forward to seeing the added momentum they will bring to Midtown.”

Kforce was one of the first major Tampa Bay employers to commit to a hybrid work environment after the COVID-19 pandemic forced many companies to turn remote overnight. “This vision comes directly from our people, who are thriving with this newfound freedom,” Liberatore said. “We’ve given them the flexibility to design their best lives, and they responded with a record-setting year.”

Learn more about why Kforce is a destination employer.

About Kforce Inc.

Kforce Inc. is a solutions firm that specializes in technology and other professional staffing services. Each year, we provide meaningful opportunities for over 30,000 highly skilled professionals who work with approximately 3,000 clients, including a significant majority of the Fortune 500. At Kforce, our promise is to deliver great results through strategic partnership and knowledge sharing. For more information, please visit our website at www.kforce.com.

Cautionary Note Regarding Forward-Looking Statements

All statements in this press release, other than those of a historical nature, are forward-looking statements including, but not limited to, statements regarding the performance of technology-focused businesses, the secular drivers of technology, the pace of digital transformation, the Firm’s opportunity to continue investing in its future growth, returning capital to its shareholders including the intent and ability to declare and pay quarterly dividends, and the Firm's guidance for the third quarter of 2021. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: business conditions, growth rate in temporary staffing and the general economy; competitive factors; risks due to shifts in the market demand; the ability to continue to operate successfully in a primarily remote work environment; a reduction in the supply of consultants and candidates or the Firm’s ability to attract and retain such individuals; the success of the Firm in attracting and retaining its management team and key operating employees; the impacts (direct and indirect) of COVID-19 on our business, our consultants and employees, and the overall economy; changes in the service mix; ability of the Firm to repurchase shares; the occurrence of unanticipated expenses; the effect of adverse weather conditions; changes in our effective tax rate; changes in government regulations, laws and policies that impact our business and our ability to comply with the same; risk of contract performance, delays or termination or the failure to obtain new assignments or contracts, or funding under contracts; changes in client demand and our ability to adapt to such changes; our ability to continue to perform under the government sponsored COVID-19 related initiatives; continued performance of and improvements to our enterprise information systems; impacts of outstanding litigation or other legal matters, including the risk factors and matters listed from time to time in the Firm’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Firm’s Form 10-K for the fiscal year ending December 31, 2020, as well as assumptions regarding the foregoing. The terms “should,” “believe,” “estimate,” “expect,” “intend,” “anticipate,” “foresee,” “plan” and similar expressions and variations thereof contained in this press release identify certain of such forward-looking statements, which speak only as of the date of this press release. As a result, such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Future events and actual results may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and the Firm undertakes no obligation to update any forward-looking statements.

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