MARLTON, N.J. and PHILADELPHIA, Sept. 22, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has signed a lease with Brandywine Realty Trust (NYSE:BDN) for approximately 60,000 square feet of trophy-class office space at One Commerce Square located at 2005 Market Street in Philadelphia, Pennsylvania.
Hill will be moving its global corporate headquarters from Marlton, New Jersey and consolidating space with its existing Philadelphia office in May 2015. The 12-year lease is for the entire 17th and 16th floors of the 565-foot high skyscraper, the seventh tallest in Philadelphia. Hill was assisted on the relocation by real estate advisor Newmark Grubb Knight Frank and has retained the architecture and interior design firm L2Partridge to design its new space.
"We are excited to be moving our global corporate headquarters into this world-class building," said David L. Richter, Hill's President and Chief Operating Officer. "The ability to consolidate our two local offices plus the many benefits of being located in the Center City business district make this a great move for our company," added Richter.
Hill International, with 4,400 employees in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the ninth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
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Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
(HIL-G)
CONTACT: Hill International, Inc.
John P. Paolin
Senior Vice President of Marketing and
Corporate Communications
(856) 810-6210
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
