CBRE arranges 18,500 s/f office lease for ADP at 530 Seventh Ave.

New York, NY In a transaction arranged by CBRE, Automatic Data Processing (ADP), a provider of resources management software and services, has inked an 18,500 s/f office lease at Savitt Partners’ boutique office property at 530 Seventh Ave. ADP will occupy the entire 15th floor. 

CBRE’s Paul Amrich, Neil King, Al Golod and Max Tarter represented the building ownership in the negotiations along with the Savitt Partners’ team of Brian Neugeboren and Nicole Goetz, while the CBRE team of James Ackerson and Patrick Moroney acted on behalf of ADP. The asking rent was $59 per s/f.

“I am thrilled to have ADP as our newest tenant at 530 Seventh Ave., and look forward to a long, successful relationship with them. ADP is yet another company coming to the building for our incredible amenities, including our rooftop bar, The Skylark, and our conference center within Space 530,” said Savitt Partners founder and president Bob Savitt.

Built in 1929, 530 Seventh Ave. remains a family owned and operated building, and has been updated with polished concrete floors and soaring, loft-like ceilings, featuring some of the most spectacular views of the city. The building is Wired Certified Platinum, offering tenants choice of multiple high-speed broadband providers and an innovative telecommunications system.