Marcum Open to Expansion in Boston and Elsewhere

Marcum LLP is nearly doubling its operations at Exchange Place in Boston.

BOSTON—Accounting firm Marcum LLP is expanding its operations in Boston to about 50,000 square feet at Exchange Place. The firm is converting its office space here as well as at some of its locations in the Midwest and West Coast to an open-concept design, Globest.com has learned exclusively. The 11-year expansion lease deal at 53 State St. (Exchange Place) is the first in a series of national expansions and renovations Marcum plans to implement in conjunction with brokerage firm Newmark Grubb Knight Frank and architect Marc B. Spector, AIA, NCARB, principal of the Spector Group. Marcum, headquartered in New York City, will roll out the open concept office model in many of its regional offices across the country in the coming months. Offices targeted for redesign and improvements include Chicago, Los Angeles and San Francisco. The office space improvement initiative is geared at retaining its top talent, recruiting new employees, as well as fostering business growth. Marcum is expanding its presence at Exchange Place in Boston from 27,339 square feet to approximately 50,000 square-feet. Newmark Grubb Knight Frank managing director Lee Brodsky, along with NGKF executive managing director Ross Perlman and senior managing director Jason Cameron represented Marcum in the Boston lease transaction. The building owner, UBS Realty Advisers, was represented by Cushman & Wakefield executive managing director Glenn Verrett. “The mindset of service firms is changing and Marcum is leading the path by thinking ahead of its competitors,” Spector says. “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.” In the past 10 years, Marcum has grown from a single office in Melville, NY, to a firm with more than 1,500 employees and 200 partners across 30 cities. The firm’s corporate headquarters is at 750 Third Ave. in Manhattan. In addition to its domestic locations in California, Connecticut, Florida, Illinois, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island and Tennessee, the company also has five offices in China and one location in the Cayman Islands. “Our redesigned Boston office will showcase how Marcum is building for the future,” says Jeffrey M. Weiner, managing partner of Marcum. “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.” Earlier this month, Marcum announced that full-service accounting firm Lautze & Lautze CPAs & Financial Advisors with offices in San Francisco and San Jose, merged into the Marcum firm. The deal added 60 professionals and four partners to Marcum’s California regional operations.