Sedgwick LLP’s New York office will relocate to Two World Financial Center effective Oct. 15.
The firm has executed a long term lease for the 28th floor of the building, totalling 43,374 s/f.
Sedgwick’s New York office, which was established in 1985, represents corporate and insurance clients in a range of areas. Its insurance attorneys are highly regarded specialists in providing advice to and representing insurance and reinsurance companies in all lines of complex coverage and business-related matters.
“Over the last 80 years, Sedgwick has met the needs of clients wherever they arose and our fifteen offices around the globe reflect our dedication to exceptional client service,” said company chairman Michael Tanenbaum. “Our move to Two World Financial Center demonstrates our long-term commitment to serving the needs of our clients in the New York region and allows us to participate in the revitalization of Lower Manhattan. It is a win-win.”
Two World Financial Center is adjacent to the new Fulton Street Station. Once completed, the expanded PATH Terminal at the World Trade Center Transit Center and the WFC Ferry Terminal will provide access to Grand Central, Penn Station and New Jersey. “This move will better enable our talented attorneys to continue to focus on client service, which will be enhanced by our ability to implement new technologies to create an ‘office of the future,’” said New York office managing partner Lawrence Klein.
“With this move, we will be able to maximize the benefits afforded by the firm’s new, secure off-site data center, reinforcing our ability to work jointly with attorneys in our other offices and communicate with our clients, while at the same time providing greater efficiency in the office layout by reducing our need for on-site computer equipment and records storage.”
Sedgwick was represented in the transaction by David Goldstein and Greg Taubin of Studley, Inc. and Kevin Brennan of Jones Lang LaSalle.