Cogswell Realty Group, LLC

Formed in March 1996, Cogswell Realty Group, LLC (“CRG”) is a full service real estate company. Utilizing its complete in-house departments, CRG acquires, develops, leases, asset manages, construction manages and property manages its own properties, as well as provides consulting, leasing and brokerage services to clients on office, residential and industrial properties.

Its founding principals, Arthur Stern, Michael Skurnick, Anthony Stapleton, Peter Marsh and Larry Haber, along with Ross Jacobs, who joined CRG in 1997 after serving twelve years as Vice President of Acquisitions and Development for Rockrose Development Corporation, have over 150 years of combined, diversified real estate experience. Eric Sarner, who began his professional career as an in-house attorney for CRG, was made a partner in 2004. Together, the partners have applied their vast knowledge and expertise in furtherance of CRG’s primary focus to acquire, reposition and/or develop properties throughout the New York Metropolitan Area.

Currently, CRG has over four (4) million square feet under ownership and/or management in New York and New Jersey. CRG’s portfolio includes:

2130-2138 Adam Clayton Powell Boulevard, New York, New York: Acquired the site through a 99 year ground lease and recently broke ground on a 46 unit cooperative apartment building
215 West 125th Street, New York, New York: This 171,000 square foot office building was acquired through a 99 year ground lease and repositioned into a Class A, fully leased building.
55 West 125th Street, New York, New York: This 217,339 square foot, Class A office building, is 100% leased.
765 Broad Street, Newark, New Jersey: This 219,421 square foot, Class B office building, is in the heart of downtown Newark, steps away from the newly constructed Prudential Center, the new home of the New Jersey Devils hockey team.
1180 Raymond Boulevard, Newark, New Jersey: This 441,000 square foot, 35 story, former office building, was purchased vacant in 1998. A recently completed $120 million redevelopment of the building into 316 luxury rental apartments with first rate amenities is the first residential development in Newark in over 40 years and a cornerstone for the revitalization of the City of Newark. Please visit our website at www.eleven80rentals.com.
744 Broad Street, Newark, New Jersey: Purchased in 1997 at 25% occupancy, this 640,000 square foot office building underwent a $68 million rehabilitation into a Class A building and now enjoys consistent commercial and retail occupancy rates of over 80%. Please visit our website at 744broad.com.
Additional Development Projects, Newark, New Jersey: The adjoining former Hahnes department store and former Griffith piano building will be redeveloped as part of CRG’s continued efforts to spur growth in downtown Newark. On the heels of the recent successful development of 1180 Raymond Boulevard, this proposed project will consist of approximately 650 rental and for-sale residential units. In addition to this project, CRG owns approximately 2.6 million square feet of additional developable property in the downtown Newark area, with plans to construct additional commercial, housing and retail product.
60 Broad Street, New York, New York. This 1,021,000 square foot, 39 floor, Class A office building in the heart of the downtown Manhattan financial district was sold by CRG in 2004, but CRG continues to serve as management and leasing agent for the building. The building is currently 100% leased.