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NEW YORK CITY — Capstone Equities is advancing a $7 million capital improvements program at 156 William Street, a Class A office building located in the Financial District of Manhattan, New York City. Construction will include lobby renovations, new windows, HVAC upgrades, new lighting, upgraded finishes and mechanical systems, and the installation of a modern security system. The office tower offers 3,000 square feet of pre-built space, 25,000-square-foot floor plates, 10,000 square feet of ground-floor retail space and 100,000 square feet of renovated space that will be available by February 2010. Gensler is providing construction services for the project. In addition, three new tenants have recently signed at the property, including Earthjustice, Judlau Contracting and Chrysler Borg. CB Richard Ellis is serving as leasing agent.

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