NEW YORK CITY-The Pacific College of Oriental Medicine has signed a new 42,000-square-foot lease at 110 William St. here.
Kent M. Swig, president of Swig Equities, LLC, announced the lease signing, which brings the 32-story, 900,000-square-foot property to 99% leased. Pacific College of Oriental Medicine, an educational institution for East Asian medicine, signed a 15-year lease for the entire 19th floor, as well as a portion of the ground floor of the building. Pacific College of Oriental Medicine also has locations in San Diego and Chicago.
Jonathan Dean, senior vice president and director of commercial leasing for Swig Equities, represented the building owner in the transaction. Mark Weiss, Robert Eisenberg and Nick Berger from Newmark Grubb Knight Frank represented the college.
“We continue to experience strong interest in our FiDi portfolio from a vast cross section of industries, and educational institutions,” Swig says. “FiDi offers great value, convenient access to transportation and a thriving atmosphere unlike any other neighborhood in Manhattan.”
“We are excited to be locating our new facility in 110 William St., in the heart of the vibrant FiDi neighborhood. Our students, many of whom reside in Brooklyn, appreciate the convenient location right above the Fulton station. We all enjoy the views of the Brooklyn Bridge from this spacious, light-filled facility custom-designed for our educational needs,” says Jack Miller, president of Pacific College of Oriental Medicine.