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Deals & Dealmakers

Law firm Montgomery McCracken signs long-term lease at 437 Madison

Montgomery McCracken, a full-service law firm with offices in Pennsylvania, New York, New Jersey and Delaware, has signed long-term lease agreements in Philadelphia and New York.

The firm signed a 10-year lease to remain at 437 Madison Avenue in New York and a 16-year lease at 1735 Market Street in Philadelphia.

The firm signed a lease for 28,297 s/f at 437 Madison Avenue, where is has had an office since 2012.

“The decision to remain at 437 Madison made sense to us for our attorneys and clients during a critical time for growth,” said Lee Unterman, managing partner of the New York office.

Under the new lease agreement, Montgomery McCracken will design and expand its presence in the building. The build-out of the space is expected to begin in September 2017.

After spending more than two decades at 123 S. Broad Street in Philadelphia, the firm awill relocate to  67,000 s/f at 1735 Market Street.

“We believe 1735 Market will afford us greater space efficiencies and will allow us to enhance our collaborative work environment. 1735 Market also offers us a modern work space with accessibility to state-of-the-art technology that will allow us to handle the needs of our clients of tomorrow,” said Louis A. Petroni, Chairman of Montgomery McCracken.

Petroni added, “Right now, Montgomery McCracken is focused on growth, both geographically and in headcount. It is safe to say that while we are a firm that is invested in Philadelphia and New York, we also believe these new lease agreements will give us better opportunities for expansion into other areas, as well.”

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