A beam-signing today at Five City Center in downtown Allentown came with the announcement of a major tenant.
ADP has signed a lease for the top 10 of the building’s 13 floors and will be moving its regional sales division to the building, making the human capital management provider the largest downtown employer.
The lease is for 243,241 square feet. The office space is slated to open by Sept. 1, 2019.
J.B. Reilly, president of City Center Investment Corp., called ADP’s move into the building a major development for the downtown.
“We think when this building is finished it will really be a tipping point in the redevelopment of downtown Allentown, not only with the number of jobs, but the types of jobs. ADP is bringing in an educated millennial workforce,” he said.
According to Reilly, ADP is currently leasing approximately 100,000 square feet in Fogelsville and has moved about 250 employees to City Center-owned office space in downtown Allentown since the fall of 2017.
With the move, ADP will consolidate its multiple Lehigh Valley locations into one, bringing hundreds of ADP employees to downtown Allentown.
Currently, ADP has around 850 employees in Fogelsville, but the space it is leasing at Five City Center is roughly double the space it has in Fogelsville, giving the company the potential to double its workforce.
Bill Crawford, senior vice president of sales at ADP, said the company has grown significantly since it first moved to the Lehigh Valley in 2006.
“We are proud to be part of the Allentown community,” he said.
Aside from the tax incentives provided by the Neighborhood Improvement Zone where the building is located, Reilly said development that has already occurred downtown, bringing in new retail and restaurant space in recent years, was part of the catalyst that helped draw a company like ADP to the downtown.
“To attract the educated millennials they want to hire, you really need to be in a vibrant urban environment,” Reilly said.
And as they attract those professionals, he said the demand will create a need for even more restaurants, shops and apartments in the downtown and surrounding neighborhoods.
Five City Center, located at the corner of Eighth and Hamilton streets, will feature an all-glass exterior with a two-story main entrance set back from the street. The building will be nearly 300,000 square feet, about the size of Two City Center, with first-floor retail space.
The Five City Center campus will also include a 900-spot parking deck at 8th and Walnut streets with apartments wrapped around it and a second apartment building at Seventh and Walnut streets.
Reilly said City Center Investment Corp. is already in active negotiations for the remaining office space in the building.