Baker Tilly Ditches Chicago HQ For Hudson Yards Power Play

Baker Tilly is packing up its U.S. headquarters and heading east, shifting its top office from Chicago to New York City after agreeing to acquire New York accounting firm Anchin. The move marks a major pivot for the Chicago-based advisory, tax and assurance firm and reads like a clear bet on New York’s private‑client and real‑estate markets.

In a press release via Baker Tilly, the firm said it has entered into an agreement to acquire Anchin, Block & Anchin LLP and will “establish New York City as the firm's headquarters.” The company expects the transaction to close this summer and said Anchin's managing partner, Russell Shinsky, will become Baker Tilly's New York managing principal.

“New York is one of the most important markets for our clients and for the future of our firm,” Baker Tilly CEO Eric Miles said in the release via Baker Tilly. The firm is framing the shift as a client‑driven move that puts its leadership closer to key industries and high‑net‑worth clients concentrated in Manhattan.

Hudson Yards Headquarters

The Business Journals reported that Baker Tilly plans to base its U.S. headquarters in Hudson Yards, the Manhattan development that has attracted major corporate tenants. Public listings also show a Baker Tilly office at 66 Hudson Boulevard East, consistent with the firm's expanded New York presence, according to the Office of the NYC Comptroller.

What It Means For Chicago

Baker Tilly is not cutting Chicago loose. SEC filings list its corporate address at 205 North Michigan Avenue, and the company had already been planning to reduce its Loop footprint before the New York announcement, according to public filings and reporting. Commercial real estate coverage last year said the firm was negotiating a smaller Fulton Market lease as part of an office consolidation, which signals that Chicago will remain an important regional center even as the headquarters title moves to New York, as earlier reported by CoStar.

Part of a Broader Pattern

Industry watchers say Baker Tilly’s decision fits a wider trend of professional‑services firms clustering leadership in major financial hubs to chase deal flow, specialized talent and private capital. A recent analysis from CBRE documents an uptick in headquarters relocations into the New York metro area as firms prioritize proximity to clients and niche labor markets.

The deal’s expected close this summer will set the pace for formal office moves and reporting changes. For now, the announcement makes New York the official seat of the firm’s U.S. operations while Chicago continues as a major office that anchors Baker Tilly’s Midwest business.