Hall Capital Partners, an investment advisor, is moving to larger headquarters in Manhattan in order to provide room for continued expansion. The company's new location has almost 15,000 square feet of space, nearly twice as much as the previous office.
"We are very excited about the new space," said the company's chief executive officer, Kathryn Hall. "The strategic location positions our national practice for continued growth in the future and will help the firm deliver better, more convenient services to clients."
The company manages endowments, foundations and family accounts totaling more than $23 billion. The amount of holdings has necessitated that the company hire more employees and find a location big enough to house them.
"When we first moved into 597 Fifth Avenue, we had seven employees," Simon Krinsky, managing director for the company explained. "Over the past four and a half years, we've steadily strengthened our New York footprint by reinvesting in the firm and adding to our team of professionals, which has since grown to 18 employees."
Although it's hardly moving out of state or across the country - the relocation is from 5th Avenue to 3rd Avenue - the shift will likely be an intensive one involving complicated equipment and sensitive financial information. Even companies moving a relatively short distance could be well served to leave as little up to chance as possible. Using professional relocation and moving services can help ensure that nothing falls between the cracks.