Swig Burris buys 80 Broad Street.Kent M. Swig, principal of Swig Burris Equities, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced that his firm has closed on the purchase of 80 Broad Street in partnership with Broadway Management. Swig Burris will serve as the leasing agent and property manager on 80 Broad Street, reported to have sold for around $70 million. Located in the heart of Downtown Manhattan's financial district, this 36-story, 400,000 s/f multitenant office building was built in 1930 and was designed by architects Sloan & Robertson. Building upon Swig Burris Equities' successful renovation and leasing of 48 Wall Street, 44 Wall Street, and 5 Hanover Square Hanover Square may mean:
Renovations to the building will include a renovated building lobby; newly refurbished elevator cabs; new core bathrooms and new multi-tenant floor upgrades for newly signed leases within the building; and the installation of state of the art security and fire/ life safety systems. "The acquisition and renovation of 80 Broad Street is another example of the confidence that we have in Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North as the area rebuilds and plans are formulated for the World Trade Center site. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , the transportation improvements will ultimately propel Downtown into a conveniently accessible area benefiting all who live and work there. "Building upon our portfolio of properties, which includes almost 2 million square feet, we have now reached a critical mass of properties that can better serve our expanding tenant base," said Kent M. Swig. "We are so pleased to be involved in the revitalization of the Downtown area through the purchase of 80 Broad Street. The renovation of this building will offer prospective tenants 21st century luxury office space in the heart of the world's greatest financial district," said Paul R. Sygrove, Director of Investments for Swig Burris Equities. Financing was provided by Wachovia Securities Wachovia Securities, located in Richmond, Virginia (soon to be moved to St. Louis), is the third largest brokerage firm in the United States as of 2006 with $689 billion retail client assets under management. It is a subsidiary of Wachovia Corporation. in the amount of $64 million. Howard Michaels of Carlton Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , Inc. represented Swig Burris Equities and negotiated the terms of the venture with Broadway Management. Swig Burris Equities was represented by Rob Sorin from the law firm of Fried, Frank, Harris, Shriver shrive v. shrove or shrived, shriv·en or shrived, shriv·ing, shrives v.tr. 1. To hear the confession of and give absolution to (a penitent). 2. and Jacobson and Ken Hilton of Proskower Rose represented Broadway Management. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion