Swig Equities, LLC Announces HSBC Bank Lease Renewal for 110 William Street

NEW YORK, - June 1, 2010 - Swig Equities, LLC is pleased to announce that HSBC Bank has renewed their lease of 13,146 square feet at 110 William Street, a 900,000 square foot multi-tenant office building located in the heart of Downtown Manhattan’s Insurance and Financial Districts (FiDi). The building is now 99% 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.
This renewal follows closely the previous announcement of the New York Liquidation lease for 116,000 square feet. HSBC’s lease is for the entire ground floor and arcade level space comprising a total of 13,146 square feet. HSBC is also redesigning its space within the property. The tenant was represented by William G. Melville and Douglas Zinn of the Lansco Corporation. The landlord was represented by Todd E. Korren, Senior Vice President and Director of Commercial Leasing Operations for Swig Equities.
“The signing of this lease at 110 William Street is another example of the stability and strength of the commercial office environment in Lower Manhattan’s FiDi neighborhood. We are pleased that this prestigious international banking tenant has shown their faith in us as building owners through the renewal of this lease,” said Kent M. Swig.

In addition, FedEx/ Kinkos is also renewing their lease at 110 William for 4,000 Square Feet on the ground floor for a 6 year term.

“We would like to thank HSBC for the confidence they have shown in this renewal at 110 William Street and to William G. Melville and Douglas Zinn of The Lansco Corporation for all their significant efforts in renewing this lease,” said Todd Korren

About Swig Equities
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.

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 major residential and commercial buildings as well as operating companies and securities. Swig Equities has a proven track record in the development of more than $3 billion of residential, commercial and hotel properties throughout the United States. Its development, management, and project supervision services include comprehensive site acquisition; financial analysis; project design and development; construction management; leasing; property management; accounting; and financial reporting.

44 Wall St, New York, NY‎
(212) 422-3464

This release was published on openPR.