Swig Equities Reports 53K SF in FiDi Leases

Swig Equities, LLC reported 14 leasing transactions in its FiDi commercial office portfolio in the third quarter of 2011, totaling over 53,000 square feet.

Swig Equities‘ New York City FiDi neighborhood properties include 5 Hanover Square, 48 Wall Street, 44 Wall Street, 110 William Street and 80 Broad Street.

Following is how Swig reported the leases:

At 5 Hanover Square, a 25-story, 325,000-square-foot multi-tenant office building built in 1962 and designed by architect Henry G. Green, was the most active with over 26,000 square feet of leases signed. Some of the notable leases at 5 Hanover Square include Eclectic Naturals, Inc. with 6,404 square feet; Jones & Jones O’Connell LLP (represented by Brett Gardner and Josh Winslow of Winslow & Company, LLC) with a new 4,985-square-foot lease; and Rockwell Global Capital, LLC (represented by Gerard Picco and Joseph A. Romano of CRESA Partners) with two new leases totaling 6,260 square feet.

Additional new leases signed at 5 Hanover Square include Capital Legal Solutions, LLC (represented by Omar Sozkesen of Prime Manhattan Realty) for 2,510 square feet; Braemar Steege, Inc. (represented by Michael McKenna and Travis Wilson of Newmark Knight Frank) for 2,340 square feet; Allan S. Joseph LLC (represented by Guya Singh Rai of Manhattan Commercial Realty) for 1,865 square feet; and Community Housing Improvement Program (CHIP) (represented by Gabe Isaacs of Sierra Realty Corp.) for 1,730 square feet.

At 48 Wall Street, a 31-story, 303,000-square-foot office building, the Corporate Presence, a provider of lucite products and services to the financial community, (represented by Brian Weld of Cassidy Turley) signed a new 7-year, 6,900-square-foot lease. In addition, Ressler, Inc. (represented by Robert Wizenberg of CB Richard Ellis) signed a 10-year, 6,900-square-foot lease renewal and IAT Reinsurance Syndicate, Ltd. renewed its 4,350-square-foot lease.

At 110 William Street, a 32-story, 900,000-square-foot multi-tenant office building, Don Congdon Associates, Inc. (represented by Michael Duncan and John Belitsky of Abraham + Martin) signed a new 4,460-square-foot lease, and Knowledge Delivery Systems, Inc. signed an extension for its 4,170-square-foot lease.

At 80 Broad Street, a 36-story, 400,000-square-foot multi-tenant office building, McCauley Securities, Ltd. extended its 558-square-foot lease.

Hodel Joins Swig Equities as Property Manager 

William Hodel has been appointed Property Manager at Swig Equities. 

In his new position, Hodel will direct the overall day-to-day
operations of several of the commercial high-rise office buildings
in the company's FiDi (Financial District) portfolio. He will also
serve as a liaison for the company in overseeing tenant relations
and will coordinate all tenant construction and major building
projects.  

Prior to joining Swig Equities, Mr. Hodel was Senior Property
Manager at Jones Lang LaSalle. In this capacity, he was
responsible for the operations of a regional portfolio of over 3.5
million square feet of commercial office space for a major financial institution. In 2008,
Mr. Hodel was awarded the BOMA Pinnacle award for Best Corporate Property of the
Year.  

Throughout his real estate career, Hodel has worked at  Olympia & York, American
Building Maintenance, Newmark Knight-Frank, Calvin Klein and Building & Land
Technology in Connecticut. During his tenure at Building & Land Technology, he was
awarded the BOMA Outstanding Building of the Year (TOBY) award in the 100,000 -
499,999 square feet category.  

Hodel  earned an Associates in Applied Science degree from City University of New
York in New York City. He currently resides in Fairfield County, Connecticut with his
wife and three children.