Kelly Services® Reaches Agreement to Sell and Lease Back Its Corporate Headquarters Building in Troy
December 05 2019 - 10:30AM
Kelly Services, Inc., (Nasdaq: KELYA, KELYB), a global leader in
providing workforce solutions, today announced the company has
entered into a definitive agreement with A.F. Jonna Development
& Management Co., a Bloomfield Hills-based real estate
development and management company, to sell and lease back its
corporate headquarters in Troy.
The agreement, expected to close in early 2020, includes Kelly’s
corporate headquarters on West Big Beaver Road in Troy, as well as
its HQ Annex and Lindsey Centre properties in Troy. Kelly’s
headquarters will remain at 999 West Big Beaver Road, for which
Kelly will enter into a long-term lease agreement covering
approximately 180,500 square feet. Over the next year, Kelly
employees from the HQ Annex (911 West Big Beaver Road) and Lindsey
Centre (2690 Crooks Road) buildings will move into the West Big
Beaver Road headquarters and Kelly’s 295 Kirts Boulevard location,
which the company will continue to own. Kelly employs approximately
1,100 people in Troy.
“This leaseback transaction will enhance Kelly’s ability to
focus our resources and attention on our growth and specialty
strategies, including our Kelly Anywhere program while continuing
to expand our talent relationships in the education, commercial,
engineering, IT and science specialties. It also demonstrates our
long-term commitment to our Troy headquarters, the local community
and our many employees who live in the immediate area,” said
Olivier Thirot, executive vice president and chief financial
officer.
Thirot continued, “By consolidating our employees into these two
properties, including a renovated, modern headquarters building, we
will be able to provide more employees with better accommodations
and greater connectivity. We are pleased to have reached this
agreement with Jonna, a locally based commercial real estate
operator that will be an excellent partner for us.”
Kelly is in the midst of a multi-phase renovation of its
headquarters building, which will continue through most of 2020.
The renovations are focused on creating a more modern, open and
interactive work environment that promotes greater collaboration
and teamwork. It also reinforces Kelly’s commitment to be a more
agile and innovative talent provider that is helping to redefine
the future of work. This commitment includes the Kelly Anywhere
program, which is a technology-enabled remote working program that
allows employees to collaborate with coworkers and managers while
working online, wherever they may be on a particular day.
Once the transaction closes, Jonna will own the Kelly
headquarters building, the former HQ Annex and Lindsey Centre
properties. Additional information on redevelopment of the former
HQ Annex and Lindsey Centre properties will be available from Jonna
at a later date.
About Kelly ServicesKelly connects talented
people to companies in need of their skills in areas including
science, engineering, education, office, contact center, light
industrial, and more. We’re always thinking about what’s next in
the evolving world of work, and we help people ditch the script on
old ways of thinking and embrace the value of all workstyles in the
workplace. We directly employ nearly 500,000 people around the
world, and we connect thousands more with work through our global
network of talent suppliers and partners in our outsourcing and
consulting practice. Revenue in 2018 was $5.5 billion. Visit
kellyservices.com and let us help with what’s next for you.
MEDIA
CONTACT: Jane Stehney (248) 574-9800
jane_stehney@kellyservices.com |
|
ANALYST CONTACT:James Polehna(248)
244-4586james_polehna@kellyservices.com |
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