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CPA Firm Sets Up Shop in 50,000-SF Space

PHILADELPHIA-Accounting firm Parente Randolph moves from separate Center City locations into two floors at One Liberty Place, joined by a subsidiary.

By Paul Bubny | Updated on September 22, 2008

PHILADELPHIA-Investment banking firm Curtis Financial Group is relocating to One Liberty Place, joining its parent company at the 61-story Center City office tower at 1650 Market St. Curtis is moving from Two Center Plaza at 1500 JFK Blvd., as did the parent company, accounting firm Parente Randolph LLC.

Parente, which also had offices at 1818 JFK Blvd., began occupying a 50,000-sf space on two floors at One Liberty last week. A spokeswoman for Parente tells GlobeSt.com the Parente and Curtis occupancies constitute a single lease, rather than separate transactions for Parente and its subsidiary. Kathie Carr and Mitch Marcus of CB Richard Ellis’ Philadelphia office negotiated for Parente, while the building’s owners, Philadelphia Liberty Property LP, were represented by a Cushman & Wakefield of PA team. The lease took effect on June 1, says the Parente spokeswoman.

Parente’s new neighbors at One Liberty include Cigna Corp., which is headquartered there, and Smith Barney, a tenant since the 945-foot tower opened in 1987. Founded in Wilkes-Barre, PA in 1970, Parente has been headquartered in Philadelphia since 2004. It added 34 employees in 2006 and 50 more in 2007. Currently, Parente has more than 500 employees and operates offices throughout Pennsylvania as well as in Cherry Hill, NJ and Dallas, according to the company’s website.

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