W.J. Bonfanti, Inc., a privately held institutional broker-dealer, has established a strong foothold in Lower Manhattan, by signing an 8,000 s/f longterm lease on the 34th floor of 60 Broad Street.
The company, which has been operating for the past three years from approximately 1,000 s/f of temporary executive suite space at 44 Wall Street, expands its space by nearly 7,000 s/f with this transaction. WJB plans to move into their new space on September 30.
"We are Wall Street traditionalists and we're proud to re-commit to an area of the city that is not only steeped in financial history and folklore but also burgeoning with new life," said Craig Rothfeld, COO of W.J. Bonfanti. "We have expanded our business in the past three years and look forward to establishing more permanent operations near the New York Stock Exchange. This move is consistent with our commitment to provide our customers with enhanced capabilities in trading, support and technology."
Studley's Evan Margolin, assistant director, represented W.J. Bonfanti in negotiating its lease, which features increased space for WJB's trading and growing corporate operations group.
Although the majority of WJB's trading personnel work on the floor of the NYSE, this increase in off floor office capacity will greatly assist the company in meeting its current growth plans, and future strategic objectives.
Cogswell Realty Group, the landlord, was represented in-house by Anthony Stapleton. "With WJB's lease commitment, 60 Broad is now fully leased," said Mr. Stapleton.
Added Margolin, "The building was ideal for WJB's requirements, which included being located in close proximity to the New York Stock Exchange, and having an infrastructure that supports its expanding trading and operations group." He added that a third attraction was the building's back-up communication capabilities.
The 39-story, 60 Broad Street, built in 1961, is also home to an eclectic roster of tenants including the International Securities Exchange (ISE).
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