Financial and information services firm GLG is opening its third major U.S. office in Philadelphia at the Bourse building.
The company is investing $2.5 million in the office project, and also received $250,000 from the state in the form of a Pennsylvania First grant. GLG has opened a temporary office space in the Bourse already, but the permanent space will occupy 15,718 square feet in the historic office building at 111 S. Independence Mall East in Old City.
Over the next three years, GLG expects the Old City office to house 250 employees. GLG also has the ability to double its office footprint in the city to accommodate future growth, a spokesperson said.
*Article courtesy of Philadelphia Business Journal
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