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Briefly in Business

June 18, 2007

Office space leased in Lexington building

Paychex Inc. signed a lease for 18,950 square feet of office space at The Lexington at 550 N. Brand Blvd., the company announced on Monday.

The 22-story office tower will serve as Paychex Inc.'s San Gabriel Valley office, replacing the firm's Pasadena office.

Paychex Inc. is a provider of payroll, human resource and benefits outsourcing solutions for small- to medium-sized businesses, payroll processing, payroll tax administration and employee pay services.

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Michael Weiner of DAUM Commercial Real Estate Services represented the lessor, ING Claion, in the deal. Dave Willis of CresaPartners represented the lessee.

Armenian American chamber sponsors talk

Business owners listened to a presentation by Judy Chu, vice chairwoman of the California State Board of Equalization, at an Armenian American Chamber of Commerce event at Fiscal Credit Union on Tuesday.

In a talk entitled "Small Business, the Backbone of California's Future," Chu outlined services available to businesses including multilingual resources, seminars and assistance, said Armond Aghakhanian, spokesman for the Armenian American Chamber of Commerce.

Chu represents 8.5 million residents of the Fourth Equalization District, which encompasses most of Los Angeles County and includes 73 cities. As the Fourth District representative, Chu represents the largest Armenian-American constituency outside of Armenia, according to Aghakhanian.

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