Pacific College of Oriental Medicine has inked a deal in the Financial District, the Commercial Observer has learned.
The educational institute for East Asian Medicine will take 42,000 square feet in Swig Equities‘ 110 William Street. The lease was signed for both the entire 19th floor and a portion of the ground floor, adding to the college portfolio of branches in San Diego and Chicago.
“We are excited to be locating our new facility in 110 William Street, in the heart of the vibrant FiDi neighborhood,” said Jack Miller, president of Pacific College of Oriental Medicine, in a prepared statement. “Our students, many of whom reside in Brooklyn, appreciate the convenient location right above the Fulton station. We all enjoy the views of the Brooklyn Bridge from this spacious, light-filled facility custom-designed for our educational needs.”
The college was represented by Mark Weiss, Robert Einsenberg and Nick Berger of Newmark Grubb Knight Frank. Swig Equities was represented by Jonathan Dean, senior vice president and director of commercial leasing for the firm’s property.
Swig Equities recently completed a capital improvement program on the near-100 year old building, renovating the lobby, facade, and modernizing the passenger elevators.
“We continue to experience strong interest in our FiDi portfolio from a vast cross section of industries, and educational institutions,” added, Kent Swig, president of Swig Equities. “FiDi offers great value, convenient access to transportation and a thriving atmosphere unlike any other neighborhood in Manhattan.”
Space in the 32-story, 900,000-square-foot 110 Williams Street remains scarce as the deal raised the occupancy rate to 99 percent.