Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  BRAUN RAYMOND W
 2. Date of Event Requiring Statement (Month/Day/Year)
09/20/2010		 3. Issuer Name and Ticker or Trading Symbol
Cogdell Spencer Inc. [CSA]
(Last)
(First)
(Middle)
4401 BARCLAY DOWNS DRIVE, SUITE 300		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHARLOTTE, NC 28209		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $0.01 par value per share 74,516 (1)
D
 
Common Stock, $0.01 par value per share 521,610 (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BRAUN RAYMOND W
4401 BARCLAY DOWNS DRIVE
SUITE 300
CHARLOTTE, NC 28209		   X     President and CEO  

Signatures

/s/ Charles M. Handy, Attorney-in-fact 09/30/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On September 20, 2010, Mr. Braun purchased from Cogdell Spencer Inc. (the "Company") 74,516 restricted shares of the Company's common stock, par value $0.01 (the "Common Stock"), at a price per share equal to $6.71, which was the average closing price of the Common Stock on the New York Stock Exchange for the five trading days immediately preceding (but excluding) the purchase date.
(2) In accordance with the terms and conditions of the employment agreement, dated September 20, 2010, by and between the Company and Mr. Braun, Mr. Braun was granted an aggregate of 521,610 restricted shares of Common Stock, as follows: (i) 74,516 restricted shares of Common Stock under the Company's 2010 Long Term Incentive Compensation Plan (the "2010 Plan"); and (ii) 447,094 restricted shares of Common Stock under the 2010 Plan. For a description of the awards described above, see the Company's Current Report on Form 8-K filed on September 20, 2010.

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