Crain's New York Business
The NYLB lease calls for the bureau to take floors 15 through 17and a portion of the 18th floor. Swig says in a release that theNYLB deal brings the 900,000-square-foot Financial District officetower to 98% occupancy. Asking rents at the 32-story tower are $33per square foot.
In a statement, Swig Equities owner and president Kent Swig saysthe NYLB deal is "another example of the stability and strength ofthe commercial office environment in Lower Manhattan's FiDineighborhood." Todd Korren, Swig Equities' SVP and director ofcommercial leasing operations, represented the ownership along withJeffrey Schwartz of Wolf Haldenstein Adler Freeman & Herz LLP.The bureau was represented by Peter Hennessey and Scott Cahaly ofJones Lang LaSalle and Raymond A. Sanseverino of Loeb & LoebLLP.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
