Royal Bank Of Canada Renews For 400k SF At Brookfield Place
Royal Bank of Canada has renewed its 400k SF lease at 200 Vesey St., near the World Trade Center complex.
The bank plans to stay at the Brookfield-owned building through at least 2032, Bloomberg reports. RBC had looked at spaces in Hudson Yards and other properties owned by Brookfield, one of the largest CRE firms in the world, based in Canada.
U.S. head of corporate real estate Kenneth Petschauer tells Bloomberg part of the reason RBC opted to stay was easy access to Goldman Sachs’ HQ tower, just across the river and one PATH train stop away, in downtown Jersey City.
The bank’s capital markets team has a 207k SF footprint in Jersey City. The renewal helps Brookfield Place maintain its leasing rebound, following the 2013 departure of Bank of America from 3M SF in the complex. A Cushman & Wakefield team headed by Bruce Mosler repped RBC. Brookfield repped itself in-house. [Bloomberg]