Swig Equities closed an active third quarter by inking a 4,460-square-foot transaction at 110 William Street for Don Congdon Associates, a literary agent, it was announced Monday afternoon.
Previously located at 156 Fifth Avenue, the agency looked across the city, according to tenant broker Michael Duncan, of boutique advisory and investment firm Abraham + Martin, who worked with associate John Belinsky on the deal. The tenant ended up leaving the Flatiron District for greener pastures. Both price point and commodious floor plans helped lure them to the 32-story Financial District tower. They will relocate in December.
Don Congdon seeks literary talent in both the fiction and non-fiction genres, including mysteries, young adult fiction and self-help titles.
Asking rent in the 10-year deal was $33 per square foot, said a source familiar with the deal.
Swig was represented in-house by director of commercial leasing Jonathan Dean.
— Guelda Voien
Literary Agent “Inks” at 110 William Street
Swig Equities LLC’s 48 Wall Street in CityBiz Real Estate
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.
