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PFM Asset Management relocating in downtown Harrisburg

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PFM Asset Management. is moving this year to the M&T Bank building at 213 Market St. in Harrisburg.
PFM Asset Management. is moving this year to the M&T Bank building at 213 Market St. in Harrisburg. - (Photo / )

After 20 years at the corner of Front and Market streets in downtown Harrisburg, financial consulting firm PFM Asset Management is moving down the block.

The firm has signed a long-term lease to take up 63,133 square feet in the M&T Bank building at 213 Market St., a block to the east from its current location, according to a news release from real estate firm CBRE Group Inc., which arranged the lease.

A call to PFM was not immediately returned. The company's 150-plus employees are expected to move into the new office by the end of 2017, CBRE said. Terms of the lease were not disclosed.

Built in 1989, the M&T Bank building is undergoing renovations. PFM will occupy floors 3 through 6 and floor 14. The firm is currently at 100 Market St. in a complex known as Keystone Plaza.

"This transaction represents PFM's long-term commitment to the city of Harrisburg as one of the leading businesses in the region," Jeremy Shyk, a first vice president at CBRE, said in a statement. "CBRE is proud to have acted on behalf of PFM in achieving their objectives, while delivering a market clearing deal."

The CBRE project management team has been hired to oversee logistics for the construction and move.

PFM offers financial advisory and consulting services to a range of organizations, including local, state, and regional governments, nonprofits other institutional clients. 

It has offices in cities around the country, including Philadelphia and Malvern, Pa.

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