Sunday, November 18, 2012

EisnerAmper to open in city

by Jeff Blumenthal
EisnerAmper of Jenkintown will open a Center City office and will soon decide whether to relocate all of its local operations there.
Local managing partner Jay Weinstein said EisnerAmper will be subleasing 6,500 square feet at Two Logan Square at 18th and Arch streets. It will be moving three practice groups — consulting, bankruptcy/restructuring and litigation support — into the city. Weinstein said the firm selected those groups, 25 people total, because they have referral sources and clients based in the city.
EisnerAmper’s sublease at Two Logan runs for three years, coinciding with its lease in Jenkintown, which expires in October 2015. At that point, Weinstein said the firm will choose either to re-up in Jenkintown, move to another suburban location or move its entire local operations into the city.
That process will begin in the next six to nine months, with the firm hoping to lock in a decision within the next 18 to 24 months.
Weinstein says he will solicit the opinions of staff members about the best move for the firm. He said the firm will also weigh financial considerations and look to see if any local governments are offering incentives to relocate. EisnerAmper will also factor in the opinions of its clients, though Weinstein admitted they rarely visit the firm’s offices.
EisnerAmper entered the Philadelphia market when predecessor Amper Politziner & Mattia bought Jenkintown-based Goldenberg Rosenthal, one of the region’s largest accounting firms in 2008. Amper then merged with New York-based Eisner to form EisnerAmper in 2010. It has about 150 people at 101 West Ave. in Jenkintown, where it rents more than 40,000 square feet, or more than half the building. 
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