Swig Equities Appoints New Chief Engineer at 36-Story 80 Broad Street

Press Release | March 3, 2014
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Larry Morton has been appointed Chief Engineer of 80 Broad Street, a 36-story, 420,000-square-foot commercial office building that is located between Stone and Beaver Streets in the heart of FiDi (Financial District).

In his new position, Morton will be responsible for the daily operations of the property, including all mechanical and life safety equipment, tenant services, building upgrade projects and new tenant installations. As Chief Engineer, he will act as liaison between management/operations, ownership and construction and will assist in all phases of the building’s construction progress.

80 Broad Street has been renovated within the past 5 years with an approximately $12 million capital improvement program which repositioned the building as a luxury boutique office building. Some of the major improvements include:
installation of new lobby, entranceway, and retail storefronts, complete replacement and automation of all elevator cabs and systems, improvement of the common areas, installation of all new and upgraded HVAC and electrical systems, build-out of tenant spaces, and development of a new freight entrance and mail center, installation of new fire/1ife safety systems, complete inspection and repair of façade and setback roofs.

“I am thrilled that Larry has joined our Swig Equities team and I look forward to working with him. We are certain that with Larry’s prior experience he will be an exceptional addition to our engineering team at 80 Broad Street,” said Kent M. Swig.

Morton brings more than 30 years of experience in property management and engineering in New York City working with top tier firms including The Durst Organization, Helmsley-Spear, Inc., and One Penn Plaza.

Prior to joining Swig Equities, Morton was the Development Properties Portfolio Manager for The Durst Organization where he was responsible for the daily operations of a 20 property mixed use portfolio. He was also responsible for negotiating and hiring contract companies to service the entire portfolio.

Before joining The Durst Organization, Mr. Morton held the position of Assistant Chief Engineer for 20 years at One Penn Plaza where his responsibilities included direct supervision of a 19 employee engineering staff, as well as the efficient operation of the building systems.

“It is a pleasure to add Larry to our 80 Broad Street property management team. His exhibited leadership qualities, positive approach and professional demeanor are an asset to the team and will continue to grow our ability to provide first class, personalized services and response to our tenants. We expect Larry to have a great future at Swig Equities and I look forward to working with him,” said Joseph Caraciolo, Vice President and Director of Engineering Services at Swig Equities, LLC.

“I am very proud to be joining a successful organization such as Swig Equities and look forward to contributing my skills and taking part in its continued growth in the New York City real estate market,” said Morton.

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Category: New York City, People

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