Newmark Grubb Knight Frank arranges lease expansion for Marcum LLP at 53 State St.

53 State Street - Boston, MA

Boston, MA According to Newmark Grubb Knight Frank (NGKF), nationwide accounting firm Marcum LLP signed an 11-year, 50,000 s/f lease expansion at its office in Exchange Place, located at 53 State St. With this expansion, Marcum will convert its office space into an open-concept environment – a progressive change from the accounting industry norm. The deal is the first in a series of expansions and renovations Marcum plans to implement in conjunction with NGKF and architect Marc B. Spector, AIA, NCARB, principal of the Spector Group. Headquartered in New York, the company will strategically roll out this office model in many of its regional offices across the country in the coming months.

This progressive approach to work space aims to position Marcum ahead of its competitors as a forward-thinking service firm planning an environment for the future that continues to attract and retain top talent and foster business growth. In addition to recruiting new hires, Marcum believes that updating its offices with 21^st century amenities will gain significant buy-in from current partners and employees.

“The mindset of service firms is changing and Marcum is leading the path by thinking ahead of its competitors,” said Spector. “Its vision for changing the way its offices operate will blend together all levels of the firm’s workforce in a way that will allow multiple generations to be productive and happy in the workplace.”

“Marcum’s strategic approach to workplace planning is revolutionary for the accounting industry and will have a significant impact on the company’s operations and culture,” said NGKF managing director Lee Brodsky. Serving as the company’s exclusive agent over the past ten years, NGKF has observed Marcum’s recent accelerated growth first-hand.

Along with Brodsky, NGKF executive managing director Ross Perlman and senior managing director Jason Cameron represented Marcum in the Boston transaction. The building owner, UBS Realty Advisers, was represented by executive managing director Glenn Verrett of Cushman and Wakefield.

“Our redesigned Boston office will showcase how Marcum is building for the future,” said Jeffrey Weiner, the firm’s managing partner. “We are a company of entrepreneurs who work with entrepreneurs, and we want to use our office to help attract and retain the business professionals who want to be part of our mission to help our clients and our firm grow and succeed.”

Marcum is a full-service accounting and advisory firm that has offered clients a unique, personalized approach to business, tax and wealth management solutions since 1951. Ranked number six among New York City accounting firms and 16^th nationally, the company specializes in working with middle-market companies, high net-worth individuals and entrepreneurs.  Over the past ten years, Marcum has grown rapidly from a single office in Melville, New York, to an international powerhouse with over 1,500 employees and 200 partners across 30 cities.