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Audit, tax and advisory firm KPMG LLP confirmed it was the buyer of a 60,000-square-foot property in Montvale, expanding its presence in the area.KPMG said in a news release Tuesday that the building at 75 Chestnut Ridge Road is adjacent to the firm’s existing 281,000-square-foot central campus, which comprises five buildings spanning Chestnut Ridge Road.

“As one of Fortune Magazine’s 100 Best Companies to Work For, we’re passionate about providing leading-edge facilities for our extraordinary people,” David H.W. Turner, chief financial officer and Montvale office managing principal, said in a prepared statement. “This investment supports KPMG’s continued significant growth.”

An earlier release from Cushman & Wakefield, the broker for building seller Clamasuka Realty Company LLC, said the purchase price was $5.7 million.

KPMG said it is planning a 14-month renovation that will include leading-edge design and state-of-the-art technology for the approximately 600 employees who will work on site.

“The new building will offer a more collaborative, productive and attractive work environment for our employees,” Turner said. “Our goal is to create one of the most advanced, innovative work spaces in the region.”

KPMG has had a presence in Montvale for nearly 30 years, and employs more than 3,100 people around New Jersey.

“We are delighted that KPMG continues to see Montvale as a critical part of its plans for the future,” Mayor Michael Ghassali said in a statement. “We’re excited to see KPMG investing in such a groundbreaking work space. The firm has been a terrific corporate citizen and neighbor to our community for many years.”

CBRE served as KPMG’s broker in the transaction.