Dean of Swig Equities arranges 3,154 s/f lease at 110 William Street; Cohen and Travis of NKF rep tenant
September 10, 2012 - Brokerage
According to Kent Swig, president of Swig Equities, LLC, and owner of 110 William St., a new lease for BRAC USA has been signed. BRAC USA will occupy 3,154 s/f on the 29th floor for a six-year term. With this new lease the building has now reached 98% occupancy.
The landlord was represented by Jonathan Dean of Swig Equities, and the tenant was represented by William Cohen and Jonathan Travis of Newmark Knight Frank.
BRAC USA chose 110 William St. because it provided "move-in ready" wired space to accommodate its expansion and growing team including many interns and volunteers.
Founded in Bangladesh in 1972, BRAC is one the largest development organizations in the world. BRAC catalyzes lasting change, creating opportunities in which the poor have the chance to seize control of their own lives through microfinance, education, healthcare, legal services, community empowerment and more. BRAC supports an estimated 126 million people across Asia, Africa and the Caribbean. Based in New York, BRAC USA is an independent nonprofit created to advance its global mission.
"We greatly appreciate the support of BRAC USA in locating to 110 William Street. I thank the attorneys, BRAC USA and Jonathan Dean for their efforts in signing this lease, and I look forward to BRAC USA's 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 closed a successful refinancing of the building.
"BRAC selected 110 William St. because it provided our staff who often work late managing global programs easy, safe access to transportation and a light-filled, inspiring environment," said Susan Davis, president & CEO of BRAC USA.
Other major tenants at 110 William Street include Stack Exchange, WB Engineering & Consulting, PLLC, Insurance Information Institute, Inc., New York City Economic Development Corporation, and Superintendent of Insurance of the State of New York.