GP Strategies Decreases Real Estate Expenses as they Make a Permanent Shift to Increased Remote Work

prnewswire | October 14, 2020

Global workforce transformation solutions provider GP Strategies Corporation reported today it has entered into an amendment to the lease for its headquarters facility in Columbia, Maryland that, effective January 1, 2021, will reduce its space by approximately 22,000 square feet and reduce its rental expense for this office by approximately $750,000 per year. This amendment is part of a global reevaluation of real estate needs, which has resulted in strategic decisions on lease consolidations and office closures over the past year. These actions are expected to result in approximately $2.0M of annual savings in facility expenses for the Company in 2021 compared to 2020.

Spotlight

Unique Custom Home, Inviting 2-Story Foyer with Spiral Staircase, 2-Story Living Room, Spacious Family Room with Gas Fireplace and an Abundance of Natural Light, Large Formal Dining Room, Fabulous Master Suite includes Sitting Area, Large Main Floor Study, 2 Additional Bedrooms on Upper Level with jack & Jill Bathroom and Ample Closet Space, Finished Lower Level with Media Room, Flex Space/Game Room, 2 Bedrooms and 3/4 Bathroom, 5 Car Garage plus a Workshop, Mother-In-Law Suite with Separate Entrance.

Spotlight

Unique Custom Home, Inviting 2-Story Foyer with Spiral Staircase, 2-Story Living Room, Spacious Family Room with Gas Fireplace and an Abundance of Natural Light, Large Formal Dining Room, Fabulous Master Suite includes Sitting Area, Large Main Floor Study, 2 Additional Bedrooms on Upper Level with jack & Jill Bathroom and Ample Closet Space, Finished Lower Level with Media Room, Flex Space/Game Room, 2 Bedrooms and 3/4 Bathroom, 5 Car Garage plus a Workshop, Mother-In-Law Suite with Separate Entrance.

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