TUCSON, ARIZONA — ADP building located in Williams Centre, 5452 East Williams Boulevard, traded to Allegretti & Company, Inc., out of Chatsworth, California for $11.025 million ($222.53 PSF). The class-A office building is 100% occupied by Automatic Data Processing (ADP).
Allegretti & Company (Joe Allegretti, President) was in a 1031 exchange.
Built in 2001, the ±49,543-square-foot building was sold by Pacific Service Company, Inc. and WCCP Williams Tech, LLC.
ADP, or Automatic Data Processing Inc., was founded in 1949 and is based in Roseland, New Jersey. The company is one of the biggest global providers of payroll and related human-resources management software and services.
ADP completely renovated the two-story building at Williams Centre, to accommodate its expansion two years ago. Phil Skillings of NAI Horizon’s Phoenix office represented the tenant.
Andrew Fosberg of CBRE’s Phoenix office and Nancy McCLure of CBRE’s Tucson office represented the seller in the transaction. Phil Skillings of NAI Horizon’s Phoenix office represented the tenant.
For more information, Fosberg can be reached at 602.735.1723 and McClure is at 520.323.5117.
To learn more, see RED Comp #6514.