Segal Co. To Take 144,296 SF in 2010

NEW YORK CITY-The Segal Co., a human resources and benefits consulting firm, has signed a 15-year lease for 144,296 sf of office at 333 W. 34th St. The company is scheduled to move into the building in January 2010, leaving its present location at One Park Ave.

SL Green purchased the 350,000-sf property in 2007 for $183 million or about $530 per sf from Smith Barney, which will be vacating the building some time in 2009. This allows SL Green time to make building-wide improvements, including completely renovating and expanding the footprint of the building’s lobby, the release noted.

The Segal Co. was represented by CBRE’s Michael Geoghegan, Michael R. Laginestra, Douglas Lehman, Casey Hirschhorn, James Robbins and Harley Stevens. According to a prepared release, the deal reunites a former tenant and landlord, as SL Green was previously the owner of One Park Ave.