NEW YORK CITY-Jones Lang LaSalle has been tapped as the leasing agent for Swig Equities’ 400,000-square-foot 90 Broad St., GlobeSt.com has exclusively learned. The JLL team includes Scott Cahaly, Brian Reiver and Robert Corbi.
In a statement, Swig SVP Todd Korren says bringing in JLL as the 25-story Financial District office property’s exclusive leasing agent was “the right move to furthering our client relationships.” Korren, who serves as director of commercial leasing and operations for the Swig portfolio, notes that the 80-year-old office tower’s exterior, lobby and systems have all been modernized, “yet the building remains a value to tenants while also maintaining its historic prewar design.”
Swig purchased 90 Broad from Rockrose in November 2005 for a reported $90 million; it was previously owned by a joint venture of SL Green Realty Corp. and Morgan Stanley. The current tenant roster includes BPD Bank, Gordon & Rees, Poets & Writers, Urban Assembly, Michael J. Fox Foundation and Globe Tax Services.
According to the Swig website, 90 Broad currently has about 69,000 square feet of vacancies. Asking rents are in the low $30s per square foot. It’s part of a Downtown office portfolio that also includes 25, 45 and 80 Broad St., 44 and 48 Wall St., 110 and 140 William St. and 5 Hanover Square.
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