By Real Estate NJ
Less than six months after starting construction on a new technology center in Montvale, KMPG LLP reportedly is seeking to expand its footprint in the borough once again.
The audit, tax and advisory giant appeared before the local planning board earlier this week to present plans for a new three-story office building and two parking garages, according to a report by NorthJersey.com. Those plans call for connecting two existing buildings on its campus along Chestnut Ridge Road and replacing what is currently surface parking.
The new building would be about 110,000 square feet, the report said.
The prospect of another expansion follows the start of construction at 75 Chestnut Ridge Road, an existing building that KPMG acquired last year and is now renovating as a new technology center. The 81,000-square-foot facility is slated to include electronic whiteboards, interactive digital communications screens and an innovation area to create and test new technologies for implementation within the firm and for clients.
Completion is slated for winter 2018. The project will add to KPMG’s longtime footprint in Montvale, which includes its 281,000-square-foot central campus across five buildings.
RELATED: KPMG kicks off work at new Montvale tech center
Professionals involved with the latest project presented to the Montvale planning board on Tuesday, according to NorthJersey.com. The board is set to continue hearing KPMG’s application next month.
For more, see Thursday’s story by NorthJersey.com.
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Editor’s note: The Rundown is a regular feature by Real Estate NJ in which we recap commercial real estate stories and headlines from across the state.
