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January 27, 2023

The Largest Accounting Firm in Kentucky Thinks a Tower Will Win the Talent War

Downtown Louisville KY "skyline"

You ever been in a position where you’re juggling a few different offers from roughly equivalent firms? Of course you have. What factors do you consider when making this important decision? Salary, obviously. Culture, perhaps. Was the guy who interviewed you a dick? That definitely rates. What about commercial real estate? Anyone?

MCM CPAs & Advisors LLP has, to my knowledge, never been mentioned on this website in the 14 years we have existed. And that ends today!

Kentucky’s largest accounting and advisory firm* announced on Tuesday they will be relocating their primary office in Louisville to the fancy PNC Tower at 101 South 5th Street this coming spring. BASK:

By mushashugyo – Louisville from the Belvedere

Completed in 1972, PNC Tower was the tallest building in Kentucky until it was ousted by the 549-foot (167 m) 400 West Market building in 1993. The 40-story, 512-foot (156 m) tower was designed by architects Wallace Harrison and Max Abramovitz, who were inspired by German-American architect Ludwig Mies van der Rohe (good read on that dude here).

Real estate listing pic
Lobby
A front entrance that will surely inspire dread awe in all ye accountants who enter
When MCM accountants leave for industry they will continue to dream of this place

MCM will lease approximately 35,000 square feet over two floors. Available spaces in the building are listed between $18/sq ft and $23/sq ft:

via LoopNet

You can do the math on that.

“The decision was a difficult one,” said Brad Smith, Managing Partner. “Louisville has so many incredible areas for commercial real estate, but I’m excited that we reaffirmed our commitment to the Central Business District. A vibrant downtown is a critical factor in any city, and we are looking forward to continuing to call the central business district home for at least the next ten years.”

According to the firm’s press release, the hope is that this new space will allow for that precious in-person collaboration firm leaders want so badly to foster in this post-Covid, WFH world:

With their two floors in PNC Tower, MCM is focused on creating a space designed to foster community, collaboration, and creativity amongst team members and clients. PNC Tower’s vibrant Main Street location and site amenities will allow the firm to continue to attract and maintain the best talent as MCM continues to grow providing highly specialized services to its clients.

MCM has six offices in Louisville and Lexington, Kentucky; Indianapolis and Jeffersonville, Indiana; and Cincinnati, Ohio, and is #74 on INSIDE Public Accounting’s Top 500 list with revenue of $67,507,604.

*did not fact check this, just going to trust the press release because if you can’t trust accounting firms who can you trust ya know?

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