Helbraun, Levey & O’Donoghue Grabs 4.5K at 110 William Street
Michael Ewing June 17, 2013, 11 a.m.
Helbraun, Levey & O’Donoghue LLP has signed a direct lease with Swig Equities at 110 William Street.
The law firm, which specializes in legal and licensing of New York’s restaurants, has been subleasing in the building but will now take a 4,472-square-foot office on the 14th floor.
Jonathan Dean, an in-house broker at Swig Equities, noted that the space is “clean, modern, and efficient for their needs.” Mr. Dean’s colleague, Kent Swig, added that the building construction “lends itself to the ‘tech look’ that many are seeking with concrete floors and exposed ceilings along with outstanding views from the tower floors.”
The law firm’s deal was signed during the same period as another with music publisher Carl Fischer LLC and an engineering firm EP Engineering LLC. In combination, the three are expected to take approximately 14,500 square feet in the building.
“Leasing activity has been great,” added Mr. Dean. “We have about 36,500 rentable square feet that is currently vacant, and we’re in negotiations on a 23,000 rentable square foot deal. [That] would leave about 12,000 rentable square feet out of 867,600 in the building, a 1.4 percent vacancy [rate]. ”
In addition to Mr. Dean’s initiatives, 110 William Street also invested in a capital improvement program to upgrade the amenities and lobby of the building.
“We are thrilled that our FiDi portfolio continues to show great success with strong interest across an array of industries,” said Mr. Swig. “Tenants realize the value of this prime business location as well as appreciate the beauty of these historic properties coupled with state-of-the-art amenities.”