12/13/2007

CBRE negotiates sale of 140 William St. in Manhattan

by

Mr. Sheehan

Mr. Midgley

The nation's preeminent authority on coin collecting, the American Numismatic Society sold it's building at 140 William St. in downtown Manhattan to real estate mogul Kent Swig for $24 million.

CB Richard Ellis' Tim Sheehan and Ned Midgley represented the seller and also negotiated a new lease for the society at One Hudson Square.

The 35,000 square foot building is at the corner of William and Fulton in Downtown Manhattan.

Swig is the president of Swig Equities and co-chairman of Terra Holdings, LC, the parent company of real estate investment and management firm Brown Harris Stevens.

According to its website, Swig Equities owns and manages over four million square feet of commercial office space in Manhattan.

Sheehan is a senior vice president of broker services for CBRE's tri-state region. He joined the firm in 2002 from the Port Authority of New York and New Jersey where he served as assistant director of real estate.

Midgley is a vice president of broker services for CBRE in New York City. Previously he was a real estate investment banker at Dean Witter Reynolds.

Address:140 William St., New York City, N.Y.

Size: 35,000 square feet

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Filed Under: Office

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