Xerox Spinoff Conduent Takes 13K-SF Offices at Graybar Building
By Liam La Guerre January 27, 2017 2:23 pm
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Conduent, a business process services company spin-off of Xerox, has signed a 12,507-square foot lease at SL Green Realty Corp.s’ 420 Lexington Avenue, tenant broker CBRE said in a news release.
The company will occupy part of the 22nd floor of the property between East 43rd and East 44th Streets, which is known as the Graybar Building. The asking rent in the 10-year lease was not immediately available and a spokeswoman for the brokerage declined to give further information or comments.
Conor Denihan, Peter Gamber and Robert Stillman of CBRE negotiated the deal for Conduent, which broke off from Xerox, on Jan 3. (Both companies are public.) It was not clear when the young company would move into its new digs.
Conduent runs business operations for a variety of industries including healthcare, transportation and media. It provides human resources, legal, workers compensation and digital payment services. A spokesman for the company did not immediately return a request for comment.
David Kaufman, Paul Milunec and Adam Weissleder represented SL Green (SLG) in-house in the transaction. A spokeswoman for SL Green could not immediately comment on the transaction.
Other tenants in the 31-story, 1.5 million-square-foot building include New York Life Insurance, Metro-North Commuter Railroad, and SL Green also has its offices in the tower.
