SALINA — Insurance agency Haylor, Freyer & Coon is looking ahead to the late spring or early summer when it plans to move its headquarters to One Park Place at 300 S. State St. in downtown Syracuse.
The firm currently operates at 231 Salina Meadows Parkway in the Salina Meadows Office Park off Buckley Road in the town of Salina.
It’s the “largest corporate move into downtown Syracuse since 2016,” the firm said in its Jan. 4 announcement, citing information from the City of Syracuse.
Haylor, Freyer & Coon will take over the space that Barclay Damon, LLP vacated in 2016 before moving to Onondaga Tower in downtown Syracuse, which now bears the law firm’s name.
The insurance agency started its real-estate search process two years ago, says James Freyer, chairman and CEO of Haylor, Freyer & Coon. The firm’s lease at the Salina Meadows location ends this October, he notes.
The firm has operated in its Salina Meadows location for 30 years and says it remains “very happy with the property.” But downtown Syracuse’s revitalization represents an opportunity for the insurance agency.
“I really believe downtown is very vibrant, is coming back for both business and retail and also for individuals who want to live in the city. It offers Haylor, Freyer & Coon the [chance] to build out a brand-new, different space. It allows us the opportunity to bring 130 employees to the downtown area,” says Freyer, who spoke with CNYBJ on Jan. 4.
The agency has a total employee count of 185, according to Freyer, who believes that One Park Place will help the firm in recruiting future employees.
“I think our new office environment and location in the city will offer us a competitive opportunity to hire those that would like to join our team,” says Freyer.
The One Park Place location will also provide the insurance agency additional space and “increased visibility in the market.”
Freyer credited the assistance of brokers John Clark and Michael Kalet of Cushman & Wakefield/Pyramid Brokerage Company in helping Haylor, Freyer & Coon find the space.
Haylor, Freyer will occupy nearly 40,000 square feet on the top two floors of the building. It is working with the building owner — Zamir Equities and its founder, Asher Zamir, an investor from New York City — as well as with design firms, Dalpos Architects and King + King Architects to “create an office design that meets the current and future working needs of its team.”
Haylor, Freyer & Coon will pay employee-parking fees under the terms of its lease. The company has also secured exterior lighting naming rights to the building on all four sides.
Before moving to Salina Meadows Office Park in 1989, the insurance agency previously operated at 750 James St. in Syracuse beginning in 1979; 429 James St. starting in the mid-1950s; and the University Building at 120 E. Washington St. in downtown Syracuse beginning in 1947.
Besides its local headquarters, Haylor, Freyer & Coon operates additional offices in Johnson City, Ithaca, Watertown, Rochester, and Schenectady.