The Feil Organization brokers renewal/expansion with MarcumAsia at 7 Penn Pl.

Manhattan, NY According to The Feil Organization, accounting and consulting services firm Marcum Asia CPAs LLP (MarcumAsia) is expanding its headquarters by 8,851 s/f at 7 Penn Plaza. The expansion brings its total occupancy to 14,870 s/f on the eighth floor for the next 10 years, up from 6,019 s/f previously.

“We’re proud to accommodate yet another expansion of a valued tenant at 7 Penn Plaza,” said Andrew Wiener, head of commercial leasing at The Feil Organization. “MarcumAsia is the second expansion we’ve seen at 7 Penn Plaza this year alone, showcasing our commitment to supporting the growth of our tenants by meticulously creating tailored space conducive to their ongoing success.”

“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.”

Located at 370 Seventh Ave., 7 Penn Plaza is a 357,000 s/f, 18-story tower situated adjacent to the world-famous Madison Square Garden and The Paramount Theatre. With various premier financial and computer industry companies among its tenant base, the building is located in close proximity to Pennsylvania Station, providing commuters with access to Long Island Railroad, New Jersey Transit, Amtrak and various MTA Subway lines. In May, Feil said that KC Engineering and Land Surveying, P.C. (KC) expanded and extended its lease at the property from 9,005 s/f to 12,788 s/f for 10 years.

Steve Kaplan of Norman Bobrow & Company represented Marcum Asia, and the Feil Organization was represented in-house by Andrew Wiener and David Turino. The asking rent was $65 per s/f.