Dean of Swig Equities arranges 30,230 s/f lease at 110 William Street

According to Kent Swig, president of Swig Equities, LLC, and owner of 110 William St., a new lease was signed for Stack Exchange, Inc. at the property. The company will occupy 30,230 s/f on the entire 27th and 28th floors for an 11-year term. With this new lease the building has reached 97% occupancy. The lease was issued, negotiated and signed within four days, of which two of those days were Saturday and Sunday. The landlord was represented by Jonathan Dean of Swig Equities, along with Bill Stempel, Esq. of McDermott Will & Emery LLP and the tenant was represented by Jonathan Blum, Esq., PC. Stack Exchange chose 110 William St. for its prestigious address and its superior technology and amenities. Stack Exchange is an expert-user run network of question and answer Websites, each covering a specific topic, allowing users to ask or answer questions in order to earn reputation points. This results in the site being moderated by those that are most knowledgeable in a specific topic or those that devote a significant amount of time to reviewing the site. "We greatly appreciate the support of Stack Exchange in locating to 110 William St. I thank both sets of attorneys and Stack Exchange and Jonathan Dean for their herculean efforts to complete this lease in just four days. And, I look forward to Stack Exchanges' occupancy in our building," said Swig. 110 William St. is a 900,000 s/f multi-tenant office building located in the heart of Downtown Manhattan's FiDi (Financial District) neighborhood. Swig Equities & Longwing Real Estate Ventures, LLC, a member of the Dubai Investment Group, have owned 110 William Street since 2004 and recently renovated the lobby and curtain wall façade, as well as the security and fire life-safety systems of the building. "Stack Exchange, Inc. chose 110 William St. because of its great location and excellent transportation access, and because of the confidence we have in Swig Equities, as evidenced by signing a lease in just four days, and the flexible and comfortable work space the building offers," said Joel Spolsky, CEO of Stack Exchange. Other major tenants at 110 William St. include WB Engineering & Consulting, PLLC, Insurance Information Institute, Inc., New York City Economic Development Corp., and Superintendent of Insurance of the State of New York.