Renovations to the building will include a renovated building lobby; newly refurbished elevator cabs; new core bathrooms and new multi-tenant floor upgrades for newly signed leases within the building; and the installation of state of the art security and fire/life safety systems.

This comes on the heels of lease arrangements for Swig Burris' 44 Wall St.—another site the firm renovated before leasing up. One lease was signed with McLaughlin, Piven, Vogel Securities Inc. who will be expanding and relocating from 30 Wall St. o the entire 15th floor—just under 16,000 sf. Kadaris & Kelleher will be relocating from 40 Wall to 7,100 sf in the site. Swig Burris Equities and Zamir Equities each own 50% of the 350,000-sf building

"The acquisition and renovation of 80 Broad Street is another example of the confidence that we have in Lower Manhattan as the area rebuilds and plans are formulated for the World Trade Center site. Most importantly, the transportation improvements will ultimately propel Downtown into a conveniently accessible area benefiting all who live and work there," says Swig Burris principal Kent M. Swig.

Howard Michaels of Carleton Advisory Services Inc. represented Swig Burris and negotiated the terms of the venture with Broadway Management. Swig Burris was represented by Rob Sorin from Fried, Frank, Harris, Shriver and Jacobson and Ken Hilton of Proskower Rose repped Broadway Management.