Pacific College cuts costs in move to Swig’s 110 William

110 William Street and Kent Swig
110 William Street and Kent Swig

The Pacific College of Oriental Medicine is relocating to Lower Manhattan, a move that drops its monthly rent by more than $20 per square foot, or 40 percent, the New York Post reported.

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The California-based college, which specializes in Asian medicine, was stationed at 915 Broadway in Noho, where asking rent was in the $50s per square foot. It signed a 15-year lease for 42,000 square feet at Kent Swig’s 110 William Street. The space, which has a per-square-foot asking rent in the low $30s, includes the 19th floor and part of the ground floor, the newspaper said.

The building, between John and Fulton streets, is now 99 percent leased. Mark Weiss, Robert Eisenberg and Nick Berger of Newmark Grubb Knight Frank represented the school, while Jonathan Dean of Swig Equities represented Swig, the Post said. [NYP] Mark Maurer