After more than a quarter century at the corner of South Fifth Avenue and East Liberty Street, Oppenheimer & Co. announced recently that it has signed a lease to move to new offices on North Main Street.

“Change is good,” broker John Ross said. “…We have been here [at the same location] for more than 26 years and we were looking for more parking spaces and a different space. We like the downtown area so we’re going to the very north edge of it.”

Ross said the company’s six local employees will move to their new home at 320 North Main Street at the end of September.

Jim Chaconas and Brendan Cavender of Colliers International Ann Arbor represented both Oppenheimer & Co. and their new landlord, McKinley Inc., in the transaction.

Oppenheimer’s new 4,471 square-foot space is being built out and is approximately the same size as the company’s current offices on the second floor of 301 E. Liberty St.

AnnArbor.com/MLive Media Group has offices on the first and seventh floors of the same building, which was purchased by Dahlmann Properties in June for $10.6 million.

Oppenheimer’s current space in the building has not been listed for lease by any local real estate agents or on the Dahlmann Properties website.

Ross said that as part of the move, the company plans to hire financial consultants to the office.

“We do financial planning and investments for high net worth individuals,” he said. “We consider ourselves a boutique firm and we’re growing.”

Oppenheimer & Co. is a full service investment bank founded in the 1880s and headquartered in New York City. The company and has branches in 27 states including thirteen in Michigan.

The company will move from it's current location (A) to it's new location (B) in late September.

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Ben Freed covers business for AnnArbor.com. You can sign up here to receive Business Review updates every week. Get in touch with Ben at 734-623-2528 or email him at benfreed@annarbor.com. Follow him on twitter @BFreedinA2