LOS ANGELES- National commercial real estate services firm Studley has completed a 36,000-sf office relocation for Salomon Smith Barney, a Citigroup Company. The brokerage firm will move one of its regional offices at 333 South Grand Avenue in Downtown Los Angeles to the Citibank Center at 444 South Flower Street in Downtown Los Angeles in Oct.of 2002.

Salomon Smith Barney has signed a 10-year lease commitment for the new office space. The firm will sublease two floors from ARCO for the first nine years of occupancy, and then go into a direct lease with building owner Meijiseimi Pacific Freeholds at the beginning of the 10th year.

Rosey T. Miller, senior managing director in the Los Angeles office of Studley represented Salomon Smith Barney in the transaction, which is valued at $8.5 million. Hayden Eaves and Kinden Mitchell of Colliers Seeley represented ARCO in the nine-year sublease portion of the lease deal, while Stephanie Abel of Insignia represented the building owner in negotiating theone-year direct lease.