The firm signed a new 16-year lease at 1735 Market St. in Philadelphia. After more than 20 years at the nearby 123 S. Broad St., the firm will relocate its Philadelphia office to Market Street in June 2018. The new space consists of roughly 75,000 square feet across three floors.
"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," said Louis A. Petroni, chairman of Montgomery McCracken. "Staying in the central business district is a priority for us and the new building matched what we were looking for in terms of location, convenience and space."
1735 Market is a 54-story, 1.33 million-square-foot, 5-Star office tower built in 1990 by PREIT and architect Kohn Pedersen Fox Associates on one acre in the Market Street West submarket.