The Feil Organization has announced that multinational accounting and consulting services firm Marcum Asia CPAs LLP is expanding its headquarters at 7 Penn Plaza, an 18-story commercial building at 370 Seventh Avenue in Chelsea. The firm will add 8,851 square feet of office space to its existing footprint, bringing its total occupancy to 14,870 square feet on the eighth floor for the next decade.
7 Penn Plaza spans 357,000 total square feet and is located adjacent to Madison Square Garden and Pennsylvania Station, offering commuters convenient access to the Long Island Rail Road, New Jersey Transit, Amtrak, and the 1, 2, 3, A, C, and E trains.
“We are excited to be transitioning to a larger, forward-looking workspace to accommodate the substantial growth in our practice over the past year,” said Drew Bernstein, co-chair of MarcumAsia. “We have enjoyed a positive multi-decade relationship with The Feil Organization. When we came to them with our ambition of creating an expanded New York headquarters that would help to attract top-tier professional talent and adapt to flexible working practices, they responded with imagination and determination to customize the space according to our needs.”
The transaction was facilitated by Steve Kaplan of Norman Bobrow & Company, representing MarcumAsia, while The Feil Organization was represented in-house by Andrew Wiener and David Turino. The leasing arrangement had an asking rent of $65 per square foot.