New York (Jan. 21, 2004) -- Big Four accounting firm PricewaterhouseCoopers is moving its national and global co-headquarters to Manhattan’s east side.

The firm signed a 30-year sublease for approximately 800,000 square feet of space at 300 Madison Avenue. PwC will begin consolidating its national leadership and New York practices this summer in the new building, which is likely to be named the PricewaterhouseCoopers Center.

The firm is presently leasing space at 1177 and 1301 Sixth Avenue, but plans to move out of those locations by January 2005. PwC expects to move the majority of its 3,500 New York employees to the Madison Avenue space by next January. It will also have some office space at 75 Varick Street in New York until August 2006, which will be used as a staging area for technology and housing records.

The firm also retains co-global headquarters in Amsterdam.

Gene Donnelly, vice chairman for operations at PwC, noted in a statement that the firm selected and designed the new space based on an employee survey. “We are pleased to be consolidating our New York practice and national leadership headquarters into a state-of-the-art building where we're designing the space and technology to standards that provide optimum efficiency to support the kind of work we do,” Donnelly said. He said the 300 Madison site can accommodate the firm's growth and expansion for many years.

-- WebCPA staff

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