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Efficiency Drives Law Firm Relocation

NEW YORK CITY-Segal McCambridge is moving up Third Avenue from its current offices on multiple floors to a single-floor space of 23,149 square feet.

By Paul Bubny | Updated on December 18, 2009

NEW YORK CITY—In the latest move by a law firm to consolidate operations for efficiency, Segal McCambridge Singer & Mahoney has signed on for 23,149 square feet on part of the 11th floor of Shorenstein Properties’ 850 Third Ave. The firm is currently situated on multiple floors at 830 Third Ave., with total square footage there of about 7,000 feet less.

Daniel Horowitz, executive managing director at Studley, says in a release that 850 Third “was the optimal Midtown choice” after a search on both the east and west sides of the submarket. He adds that Segal McCambridge was drawn by “the strength of the building’s ownership, which has committed to build out a turnkey above-standard law firm installation at no cost to the tenant.” Asking rents at the 21-story office property are in the high $40s per square foot, says Matthew Goldman, also an executive managing director with Studley, in a release.

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