ADP will close its 63,000-square-foot office in Pleasanton, where it has leased space for 25 years.
The New Jersey-based human resources software provider will shutter its office next spring in the Britannia Business Center at 4125 Hopyard Road, the San Francisco Business Times reported.
Its Pleasanton-based workforce will move to an undetermined office in the East Bay, ADP spokeswoman Allyce Hackmann told the newspaper. The company once known as Automatic Data Processing filed a report with the state last month saying it would lay off 10 Pleasanton employees and shift the rest of its office workforce to remote work.
ADP has leased space at the business center since 1997, according to an investor brochure for the property. It signed a renewal for 63,000 square feet early last year.
Britannia Business Center noted the software provider leased 94,000 square feet at the four-building, 292,000-square-foot office campus in spring 2020.
The campus along the Tri-Valley I-680 corridor is owned by Menlo Park investor and developer Tarlton Properties and Chicago investment firm Harrison Street, which paid $78 million for the office park in January, according to the Business Times. The Tri-Valley area, which includes Pleasanton, had an office vacancy rate of 18 percent across 29 million square feet of office space in the second quarter, according to Newmark.
ADP is the latest Bay Area firm to reassess its office needs in the era of remote work.
In July, Twitter announced it would cancel plans to open a 66,000-square-foot Oakland office a year after it leased the space. Early this year, Autodesk closed more than 100,000 square feet in San Francisco eight months after opening there.
ADP, founded in 1949, operates two Bay Area offices in Milpitas and San Francisco, according to its website, and leases 5.6 million square feet of office and processing center space worldwide.
– Dana Bartholomew
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