By Kevin Parker
January 14, 2013
Kent M. Swig, President of Swig Equities, LLC, is pleased to announce that the firm has
completed 11 leasing transactions in its FiDi (Financial District) commercial office portfolio in
2012, totaling over 144,000 square feet.
“These leases demonstrate the overwhelming support that our properties have in the FiDi office
market. Our existing and new tenants continue to demonstrate confidence in our buildings, as
evidenced by these lease renewals, expansions and new leases. We appreciate the brokerage
community’s continued support and assistance in many of these transactions, and look forward
to working together on future deals,” said Mr. Swig.
Numerous leasing transactions were completed within Swig Equities’ New York City FiDi
neighborhood properties, which include 48 Wall Street and 110 William Street. In addition, the
Swig Equities portfolio includes ownership interests in 80 Broad Street, 90 Broad Street, 44 Wall
Street, and 5 Hanover Square.
“There is high demand for our properties and the outstanding commercial amenities and
services each of them offers. Our portfolio is very attractive to tenants seeking an office building
in a prime business location with strong, experienced management,” said Jonathan Dean,
Senior Vice President, Director of Commercial Leasing for Swig Equities.
110 William Street, a 900,000-square-foot multi-tenant office building located in the heart of
Downtown Manhattan’s FiDi (Financial District) neighborhood, was the most active property,
with over 74,600 square feet of leases signed. The City of New York signed a lease renewal,
occupying 30,896 square feet (represented by Jonathan J. Dean of Swig Equities); Stack
Exchange, Inc., a growing online network of individual communities, signed a new lease,
occupying 30,230 square feet (represented by Jonathan J. Dean of Swig Equities). In addition,
Knowledge Delivery Systems, Inc., a leading provider of online strategic professional
development, state certification, master’s degree programs, and career advancement for
teachers and administrators, signed a new lease, occupying 8,569 square feet (represented by
Jonathan J. Dean of Swig Equities); BRAC USA, an international development organization
dedicated to alleviating poverty by empowering the poor to bring about change in their own
lives, signed a new lease, occupying 3,154 square feet (represented by William Cohen and
Jonathan Travis of Newmark Knight Frank); EFG Asset Management (New York) Inc., a
financial Research company, signed a new lease, occupying 1,785 square feet (represented by Jonathan Fein of Cushman & Wakefield, Inc.). Over 99% of space is now leased at 110 William Street. At 48 Wall Street, a 34-story, 324,000 square-foot office tower built in 1927 as the home of The Bank of New York, among many prominent tenants, Addison, a brand strategy and communications design firm, signed a new lease, occupying 27,300 square feet (represented by Jonathan J. Dean of Swig Equities); Situs Holdings signed a new lease, occupying 13,650 square feet (represented by Cushman & Wakefield brokers Joseph Fabrizi and Willard Overlock); Conway, Farrell, Curtin & Kelly P.C. signed a new lease renewal, occupying 8,800 square feet (represented by Patrick Heeg of Jones Lang LaSalle); Fletcher Asset Management, Inc., a financial investment advisory firm, signed a new lease, occupying 4,950 square feet (represented by Doug Dolgoff of Cushman & Wakefield, Inc.); EYE Mall Media (USA), LLC, signed a new lease, occupying 4,770 square feet (represented by The Vortex Group, LLC brokers Rick Marek and Oliver Petrovic). With these new leases, over 93% of space is now leased 48 Wall Street.
“With an impressive set of transactions totaling over 144,000 square feet closed in 2012, we are confident in the strength of the current office market and demand for our properties. This growth demonstrates ongoing enthusiasm towards continued business expansion and advancement from the past year, preparing us for a strong launch into 2013,” added Mr. Swig.
About Swig Equities Swig Equities, LLC is a real estate development, investment and management firm based in New York City with offices in San Francisco. The firm is an active purchaser and developer of prime commercial and residential buildings as well as operating companies and securities. Over the past decade, Swig Equities has purchased and/or developed in excess of $3 billion of properties, which includes 110 William Street, a 32-story, 900,000-square-foot commercial office building; 90 Broad Street, a 25-story, 400,000 square foot office building; 48 Wall Street, a 34-story, 324,000-square-foot office building; 80 Broad Street, a 36-story, 440,000-square-foot office building; 44 Wall Street, a 350,000-square-foot office building; 5 Hanover Square, a 25-story, 335,000-square-foot office building; 770 Lexington Avenue, a 20-story, 175,000-square-foot commercial office building in Midtown Manhattan; and 450 Sansome Street, a 140,000 square foot office building in downtown San Francisco.