Cogswell selected for 60 Broad St. leasing.

Wells Real Estate Funds Inc. announced that Arthur Stern, CEO of Cogswell Realty Group LLC, and Anthony Stapleton, Cogswell principal, have been named exclusive leasing agents for 60 Broad Street, a 39-story Class-A office building in New York City's Financial District.

"We're delighted Arthur and Anthony have taken the lead as the exclusive leasing agents for 60 Broad Street," said George Wells, senior vice president, Asset Management, for Wells' East Coast Region. "Their intimate knowledge of the property and deep understanding of New York City's downtown real estate market will help to establish a strong level of high-quality tenant interest in the building's remaining rentable space."

Already that interest has been evidenced by a new 22,135 s/f lease expansion by International Securities Exchange Inc., the world's largest equity options exchange, which now will occupy nearly 65,000 s/f at 60 Broad Street.

On the corner of Broad Street and Beaver Street, 60 Broad Street stands in close proximity to several financial institutions including the New York Stock Exchange. Owned by Wells Real Estate Investment Trust, the property has approximately 990,000 s/f of rentable space. It was developed in 1963 and underwent $64 million in renovations starting in 1997. Cogswell provides leasing and management services.

Current tenants at 60 Broad Street include the State of New York and the City of New York. Others include the international accounting firm Grant Thornton, insurer Guardian Life and the world's largest equity options exchange, International Securities Exchange.