Newmark Grubb Knight Frank (NGKF) is pleased to announce that nationwide accounting firm Marcum LLP signed an 11-year, 50,000-square-foot lease expansion at its Boston office in Exchange Place, located at 53 State Street. 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.
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 16th 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.
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 21st century amenities will gain significant buy-in from current partners and employees.
“Our redesigned Boston office will showcase how Marcum is building for the future,” said Jeffrey M. 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.”
“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,” added 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.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.
About Spector Group
The award-winning international architecture, master planning and interior design firm was founded 50 years ago by Michael Harris Spector, FAIA, one of the industry’s most respected figures. Marc B. Spector, AIA, NCARB, and Scott E. Spector, AIA, his sons, today lead the New York-based company. Ranked number six in 2016 by Crain’s New York Business and 40th in Architect magazine, the firm has affiliate locations nationally and internationally.
Spector Group has been featured in the media, including outlets such as the Bloomberg Radio, The Commercial Observer, Long Island Business News, the New York Times, Real Estate Weekly, The Real Deal, Crain’s New York Business, Newsday and the New York Post. Marc Spector was a columnist for CEO Magazine, where he addressed business issues. He just completed his first teaching assignment at the University of Michigan, where he was a guest lecturer on architecture. Spector has presented at leading venues such as the 92nd Street Y and Yeshiva University.
To date, Spector Group has received over 100 awards from the American Institute of Architects and has completed over 2,000 projects in 12 states, five foreign countries and four continents. For more information, please visit www.spectorgroup.com.
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., Grand Cayman and China. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting and assurance services; advisory, valuation and litigation support; and an extensive range of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as high net worth individuals, private equity and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services. For more information, visit www.marcumllp.com.