KPMG, the audit, tax and advisory firm, has purchased 75 Chestnut Ridge Road in Montvale, NJ, about 30 minutes from New York City.
Following planned renovations, the new building will incorporate leading-edge design and state-of-the-art technology to create an innovative and collaborative work space for approximately 600 employees. Renovations are expected to be completed in approximately 14 months. The new building is adjacent to KPMG’s existing 281,000 square-foot central campus comprised of five buildings spanning Chestnut Ridge Road.
KPMG has enjoyed a presence in Montvale for almost 30 years.
“As one of FORTUNE Magazine’s ‘100 Best Companies to Work For,’ we’re passionate about providing leading-edge facilities for our extraordinary people,” said David H.W. Turner, chief financial officer and Montvale office managing principal. “This investment supports KPMG’s continued significant growth. The new building will offer a more collaborative, productive and attractive work environment for our employees. Our goal is to create one of the most advanced, innovative work spaces in the region.”
“We are delighted that KPMG continues to see Montvale as a critical part of its plans for the future. We’re excited to see KPMG investing in such a ground-breaking work space,” said Michael Ghassali, the mayor of Montvale. “The firm has been a terrific corporate citizen and neighbor to our community for many years.”
KPMG professionals in Montvale and Woodcliff Lake are primarily within support organizations such as technology, human resources, marketing, and finance and accounting.
The firm employs more than 3,100 professionals statewide in New Jersey.