McCarter & English will move its headquarters a couple ofblocks from its existing space at 4 Gateway Center here, where ithas been for 15 years. The firm has been in existence since 1846and based in Newark since 1864.

McCarter & English was represented in the transaction byJohn Powers, chairman of the tri-state region of CB Richard Ellis,along with Joan Meixner, David Sherman and Mark Trevisan of thatfirm's New York and New Jersey offices. The terms have not beenreleased. However, according to Powers, "based on a demographicstudy we found that the best location outside of Newark wasMetroPark. But McCarter is paying a premium over MetroPark, and apremium over market. They were willing to do that to stay inNewark."

"The significant growth of our firm, the ongoing consolidationin the legal marketplace and the location advantages of this citywere the important elements in our decision," says McCarterchairman Drew Berry. "Our civic commitment to the city was acritical factor."