X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LA PALMA, CA-Automatic Data Processing Inc., a provider of computerized transaction processing, data communications and information services, renewed its lease for 37,904 square feet of office space at Centerpointe La Palma 18 in La Palma.

The La Palma operation is part of Roseland, N.J.-based ADP’s dealer services group, which provides computerization and other services for the auto industry, broker Vince Pellerito of Cushman & Wakefield tells GlobeSt.com.

Pellerito represented ADP in the five-year, $2.25 million transaction, while landlord Arden Realty was represented in-house by Tina La Monica.

Pellerito tells GlobeSt.com that ADP, which moved into its current space about five years ago, is in a 57,000-sf building that is part of Arden’s 12-building, 597,000-sf Centerpointe La Palma development, which is more than 90% occupied. Asking rates are about $1.05 to $1.15 per sf per month, he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.