Hennessey and Cahaly of Jones Lang LaSalle with Korren of Swig Equities signs New York Liquidation Bureau-116,540 s/f

According to Swig Equities, LLC, the New York Liquidation Bureau has signed a new lease totaling 116,540 s/f at 110 William St., a 900,000 s/f multi-tenant office building located in the downtown area. The building occupancy now stands at 98% leased. This 32-story building was designed by Sylvan Bien and has completed a major capital improvement program including the reconditioning and re-coloring of the entire façade, the installation of a new lobby and front street entrance, as well as upgrades to the security, fire-life safety, and electrical systems of the building. New York City Liquidation Bureau signed its lease for the entire 15th, 16th 17th and a portion of the 18th floors, comprising a total of 116,540 s/f. The tenant was represented by Peter Hennessey and Scott Cahaly of Jones Lang LaSalle, Inc and Raymond Sanseverino, Esq., partner, of Loeb & Loeb LLP. The landlord was represented by Todd Korren, senior vice president and director of commercial leasing operations for Swig Equities and Jeffrey Schwartz, Esq. of Wolf Haldenstein Adler Freeman & Herz LLP. "The signing of this lease at 110 William St. is another example of the stability and strength of the commercial office environment in Lower Manhattan's FiDi neighborhood," said Kent Swig. According to Korren, "We would like to thank New York Liquidation Bureau for the confidence they have shown in its move to 110 William St. and to Peter Hennessy and Scott Cahaly of Jones Lang LaSalle for all their significant efforts in securing this new lease." Swig Equities, LLC is a real estate development, investment and management firm based in New York City with offices in San Francisco. The firm is an active purchaser and developer of prime residential and commercial buildings as well as operating companies and securities. Over the past few years, Swig Equities has purchased in excess of $2.5 billion of properties, which includes the purchase of 110 William Street, a 32 story , 900,000 square foot commercial office building; the purchase of 90 Broad Street, a 25-story, 400,000 square foot office building; the purchase and renovation of 80 Broad Street, a 36 story, 400,000 square foot office building; the purchase and renovation of historic 48 Wall Street, a 34 story, 324,000 square foot office building; the purchase and renovation of 44 Wall Street, a 350,000 square foot office building; the purchase and renovation of 5 Hanover Square, a 320,000 square foot office building; the purchase of 770 Lexington Avenue, a 20-story, 155,000 square foot commercial office building in Midtown Manhattan; and the purchase of 450 Sansome Street, a 140,000 square foot office building in downtown San Francisco.