The Other Exchange Takes Six Floors at 60 Broad
As we fret about the New York Stock Exchange, it’s comforting to hear the country’s most prominent options exchange, the International Securities Exchange, is still bullish on New York office space.
The exchange has signed a 64,395-square-foot renewal, including a six-year expansion for five floors in the high-rise portion of craggy 60 Broad Street. The glass downtown tower, owned by the Piedmont Office Realty Trust, which also counts Bank of America and government agencies as tenants, is now full
ISE has struggled in recent years, watching its market share drop in January to 17.5 percent of volume in the options market , down from nearly 23 percent a year earlier, according to Options Clearing Corporation, as reported by Dow Jones Newswires.
Arthur Stern, Eric Sarner and Anthony Stapleton of Cogswell Realty represented the landlord, working closely with George Wells of Piedmont Office Realty Trust. The tenant was represented by Mark Weiss and Robert Eisenberg of Newmark Knight Frank.