McCarter & English Considering Move from Newark

law.com: Could McCarter & English Be Moving out of Newark?. McCarter & English is a major law firm that, as was announced back in September, was planned to be a major tenant in a new riverfront development project planned at McCarter Highway and Raymond Boulevard. Delays in the project, though, have put M&E in the position of having to reconsider the move.

A builder’s delay has erased McCarter & English’s plan to move to a grandiose new office-residential complex on Newark, N.J.‘s waterfront in 2008 and is forcing the firm to weigh the drastic option of leaving the city.

Last September, the firm trumpeted plans to leave Gateway Center 4 near Newark’s Penn Station when its lease expires and move to larger quarters a block away in a 14-story tower planned by Matrix Development Group of Cranbury.

Now Matrix is saying the building will not be ready until 2010, requiring McCarter & English to negotiate for a lease extension with The Olnick Organization, the landlord at Gateway 4.

Author: Ken Walker

Husband, Father, Analyst. In a glass case of emotion since 1978.

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