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Paychex Buys Rochester Office Building

LeFrois Development Sells Property to Tenant for $12.3 M
November 6, 2017
Paychex, Inc., a Rochester-based payroll, human resources, and benefits outsourcing services company, has gone from tenant to owner after acquiring the office building at 225 Kenneth Dr. in Rochester, NY from LeFrois Development.

Paychex paid slightly more than $12.2 million, or approximately $139 per square foot, for the single-story building it has occupied since 2014. Completed in 2008, the property totals 87,760 square feet on 11.76 acres in Rochester's South Central submarket.

Larry Davis of Paychex represented the buyer in-house.

Please see CoStar COMPS #4019866 for more information on this transaction.
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