Swig Company Renews Provident Financial Santa Monica Lease

Provident Financial Management has re-upped its lease with The Swig Company for its headquarters in Santa Monica.

The financial firm renewed its lease for its headquarters across 17,000 square feet on the top floor of the office building at 3130 Wilshire Boulevard, according to a press release from The Swig Company. Deron White of CBRE represented The Swig Company in the deal while Jeff Cowan of Savills represented Provident Financial. Neither responded to a request for comment.

The building has undergone large-scale renovations in recent years, including a full-building seismic upgrade in anticipation of future earthquakes and a fully remodeled main lobby and outdoor patio.

There’s also a new tenant lounge with gaming tables, a wellness room, a mother’s room and two conference rooms. The lounge can be turned into a large meeting space for tenants that can accommodate 91 people. Workers looking for a mid-day pick-me-up can grab a smoothie at Erewhon a few blocks to the west.

The Swig Company acquired the 3130 Wilshire building in 2022 for $33.6 million, according to CoStar. The building rises six stories and spans 97,000 square feet. The property is LEED Silver-certified and holds Fitwel One Star, WELL Building Health and Safety and Energy Star ratings. It was Swig’s first acquisition in Santa Monica.

In 2022, when Kilroy Realty owned the building before selling to The Swig Company that year, 3130 Wilshire welcomed a big name into its building: seven-time Super Bowl champ Tom Brady.

Autograph, a non-fungible token company backed by Brady, Richard Rosenblatt and Dillon Rosenblatt, signed a lease for a whole floor at the building totaling about 22,000 square feet. The company remains based there, per CB Insights.

Nearby in Santa Monica, last month Kilroy Realty sold an office building at 501 Santa Monica Boulevard to Washington Capital Management for $40 million. The Los Angeles-based firm bought the 73,000-square-foot property in 1998 for more than $16 million, according to The Los Angeles Times.

— Chris Malone Méndez

With reporting provided by Alena Botros.