ROCHESTER, N.Y. — It’s an icon that is not only representative of the company of Xerox, but of the city of Rochester as a whole. Now the impending exodus of employees from the region’s famous Xerox Square ushers in a new era, not only for the company, but for the building itself.

When Xerox opted to sell the 443 foot tall building on South Clinton Ave to Buckingham Properties for $40 million in 2013, the company agreed to lease to building for eight more years. Earlier in January, Xerox announced its intention to relocate all of its employees to a company-owned site in Webster by the summer. Xerox is the massive building’s sole tenant, which could present a potential problem for the owners of the building.

"It's about 580,000 square feet, and those types of tenants don't come around too often," said Richard Finley III, the president and chief operating officer of Buckingham Properties. "It's a challenging building in that it was built originally for one tenant. But that's what we have done throughout the history of our company. We've gotten creative with these conversions, so to speak. We are looking into what it would take, among many other things."

The building is the second largest privately-owned skyscraper in New York outside of New York City, second only to One Seneca Tower in Buffalo. Buckingham Properties has until June to come up with a plan to fill the space. The property management company hasn't yet ruled out any potential ideas, but is optimistic they can repurpose it.

As for amenities, Xerox Square offers an underground 386 car garage, a 400 seat auditorium and a purpose-built bank on the ground floor. Now owners are hunting for new tenants who can copy the site's success since the building was put up in 1967.