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Swig Equities in the Commercial Observer – Lease Beat

Commercial Observer



48 Wall St in Commercial Observer


Situs Holdings 13,650 square feet


Situs Holdings has taken 13,650 square feet at 48 Wall Street, a Downtown office building owned by the real estate investor Kent Swig.


The company, a real estate advi­sory firm, took the building’s entire 14th floor in the deal for rents in the $30s per square foot.


Jonathan Dean, an in-house leasing executive at Swig’s real estate firm., Swig Equities, who handled the deal, said that 48 Wall Street has attracted takers for its address and the dearth of space otherwise available on Wall Street.


“Almost half the buildings on Wall Street were converted to res­idential, most of the towers on the south side of the street,” Mr. Dean said. “With the rise of the Downtown market, there are a lot of tenants that really want to be here. It’s the kind of address that’s recognized around the globe.”


After the deal with Situs, Mr.


Dean is turning his attention to two vacant floors, eight and nine.


“They have a beautiful instal­lation, exposed ceilings and an interconnecting staircase,” Mr. Dean said, noting that the space _ was formerly occupied by the ar­chitecture firm Gensler, which is known as being a premier designer of office interiors.


Swig is asking $35 per square foot for the two floors.


“We’ve seen a lot of strong activ­ity for the space,” Mr. Dean said.


Joseph Fabrizi and William Overlock of Cushman & Wakefield represented Situs Holdings in its deal.-DG





Swig Equities and 48 Wall Street in Citybiz

Citybiz Real EstateSitus Holdings Lease Brings 48 Wall St to 88 Percent Occupancy

48 Wall Street

Swig Equities, LLC has signed Situs Holdings, LLC to a new, 13,650 square foot lease for the entire 14th floor at 48 Wall Street in New York.

The lease brings the building to 88 percent occupancy.

Situs Holdings was represented by Cushman & Wakefield brokers Joseph Fabrizi and William Overlock in this lease transaction. The landlord was represented internally by Jonathan J. Dean of Swig Equities.

48 Wall Street is a 34-story, 324,000-square-foot office tower built in 1927. It was previously occupied by The Bank of New York.

Swig Equities, LLC, in association with Kirkpatrick MacDonald of MacDonald & Cie, acquired the property and land in March of 1998, becoming the third owners of the property since the land was conveyed from the Dutch to the British and then to The Bank of New York in 1796.

Other major tenants at 48 Wall Street include Rockefeller Center Business Centers, which leases 41,000 square feet, Conway, Farrell, Curtin & Kelly P.C., which occupies more than 17,000 square feet, and D.F. King, which occupies 26,000 square feet.

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The Real Deal – Situs takes 48 Wall

The Real Deal

Real Estate advisor Situs takes space at 48 Wall
By Guelda Voien

48 Wall - Kent SwigSitus Holdings, a real estate advisory firm, has inked a lease for 13,650 square feet at 48 Wall Street, landlord Swig Equities said today.

Situs will take the entire 14th floor of the 324,000-square-foot, 34-story office tower, located at the intersection of Wall and William streets. Industry sources said asking rents for the space were in the “high $30s” per square foot.

The move was a “significant expansion,”
for Situs, “a dramatically growing,
global company,” said Jonathan Dean, director of commercial leasing for Swig Equities. Situs has another office at 150 East 52nd Street, at Lexington Avenue. The space at 48 Wall Street is their first Lower Manhattan office, and it will serve mostly new hires, a company representative said.

This lease brings the tower’s occupancy rate to 88 percent, Swig said.

Swig purchased 48 Wall Street in 1998, in a partnership with MacDonald & Cie, an investment bank. The building is home to the Museum of American Finance as well as Rockefeller Center Business Centers, an executive suite provider; Conway Farrell Curtin & Kelly P.C., a law firm and D.F. King, which provides investor communications services to public companies.

Situs Holdings was represented by a Cushman & Wakefield team of Joseph Fabrizi and William Overlock, who were not immediately available for comment. The landlord was represented in-house by Jonathan Dean.

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