Cushman & Wakefield and Brookfield Properties announced that Royal Bank of Canada (RBC) signed a 15-plus year lease renewal totaling 400,000 s/f at 200 Vesey Street at Brookfield Place New York in Lower Manhattan.
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, will continue to be housed on floors 6 (partial), 8, 9, 10, 11, 12, 14 and 25 (partial) of the 51-story tower until 2032.
“We are pleased to renew our lease at 200 Vesey Street. Doing so reaffirms our commitment to growing our U.S. platform and supporting the economic strength of New York, in line with our mission of helping clients thrive and communities prosper,” said Blair Fleming, U.S. Head of RBC Capital Markets.
“Brookfield is very pleased that RBC has made a long-term commitment to grow its business at Brookfield Place,” said Brookfield Properties Executive Vice President David Cheikin.
“RBC’s decision reaffirms Brookfield Place as a location for businesses of all sizes to attract and retain top talent, foster growth and thrive.”
A Cushman & Wakefield brokerage team of Bruce Mosler, chairman, Global Brokerage; Ethan Silverstein, executive managing director; Dale Schlather, executive vice chairman; along with Al Edwards, senior managing director and John Betsill, senior managing director, both of whom work in the firm’s Global Occupier Services group, represented the RBC.
Chuck Scott, CEO of Cushman & Wakefield Canada, was also involved in the transaction. Brookfield Properties represented itself in-house.