NEW YORK CITY — Royal Bank of Canada has renewed its 400,000-square-foot lease of office space 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 occupy floors 6 (partial), 8-12, 14 and 25 (partial) at the 51-story office tower until 2032. Bruce Mosler, Ethan Silverstein, Dale Schlather, Al Edwards, John Bestill and Chuck Scott of Cushman & Wakefield represented the tenant. The landlord, Brookfield Properties, was represented in-house.
Bennett Williams Commercial Arranges Sale of 70,692 SF Retail Center in East Hempfield, Pennsylvania
EAST HEMPFIELD, PA. — Bennett Williams Commercial has brokered the sale of Wheatland Shopping Center, a retail center located at 1761-1835 Columbia Ave. in East Hempfield. Nico Wheatland LLC acquired the 70,692-square-foot property from Homewood Realty for an undisclosed price. Chad Stine and Brad Rohrbaugh of Bennett Williams Commercial represented the buyer, while Stine, Rohrbaugh and Gary Russell of Bennett Williams represented the seller in the deal.
PORTLAND, ORE. — A Santa Clara, Calif.-based private investment group has purchased the 58-unit Muse apartment complex in Portland for $20.1 million. The community is located at 1313 N.W. 19th Ave. The Muse was built in late 2016. Jordan Carter, Clay Newton, Tyler Linn and Joe DeJager of Kidder Mathews executed the sale. The seller was Gerding Edlen.
OGDEN, UTAH — A California-based buyer has acquired The Gate at Canyon Ridge, a 167-unit multifamily property in Ogden, for an undisclosed sum. The community is located at 1455 Valley Drive. The property is located near the mouth of Ogden Canyon and features an overlook of Ogden Valley and the Great Salt Lake. James Wadsworth and Greg Barratt of Berkadia executed the transaction. The seller is also based in California.
COMPTON, CALIF. — Younger Optics has leased a 53,000-square-foot industrial facility in Compton. The five-year lease was valued at $2.3 million. The facility is located at 1900 Artesia Blvd. The company will occupy the space later this month. Frank Schulz, Todd Taugner and David Prior of the Klabin Co. represented Prologis. Jeff Smart of Colliers International represented Younger Optics in this transaction.
MARINA DEL REY, CALIF. — Upload Inc. has leased 20,000 square feet of creative office space in Marina Del Rey. The property, situated within the Marina Business Center, is located at 4505 Glencoe Ave. Upload’s expansion into the greater Los Angeles area marks the company’s first workspace in the Southern California market. The virtual reality company opened its first location, the Upload SF Collective, in the Mission area of San Francisco. CBRE’s Garrett Ellis, Carter Haslam, Jeff Pion and Shay Bolton represented Upload. NGKF’s Christopher Strickfaden represented the landlord, Marina Business Center LLC, in this transaction.
Anji Logistics Signs 154,377 SF Industrial Lease for North American Headquarters in Warren, Michigan
WARREN, MICH. — Anji Logistics USA Inc. has signed a lease for 154,377 square feet of warehouse space in Warren, north of Detroit. The former OfficeMax warehouse and distribution center is located at 13301 Stephens Road. The facility will be Anji Logistics’ first location in the United States and serve as the company’s North American headquarters. Sister company Anji-CEVA Automotive Logistics Co. is the largest third-party logistics provider in China. Jason Capitani of L. Mason Capitani CORFAC International represented Anji Logistics in the transaction.
JOLIET, ILL. — Peak Construction Corp. has broken ground on a new 80,000-square-foot warehouse and distribution center for Blue Ribbon Product Co. in Joliet, south of Naperville. The seven-acre site is located in IDI Gazeley’s Rock Run Business Park. The warehouse and distribution center will include 6,000 square feet of corporate office space, a custom-designed training/tasting room, two break rooms, a 4,500-square-foot cooler, a 500-square-foot repacking room, four dock positions and three drive-through loading lanes with possible expansion into a fourth. The project is slated for completion at the end of June. Mike Fonda, Hugh Williams, Matt Knafel and Anne McGrath of Avison Young represented the tenant. Peak has teamed up with Partners in Design Architects Inc. and Jacob & Hefner Associates on the project.
PLEASANT PRAIRIE, WIS. — Zilber Property Group and MMM Real Estate LLC have purchased development sites in Lakeview Corporate Park near Kenosha. The sales prices were not disclosed. Zilber purchased a 22.8-acre site at the corner of 108th Avenue and Green Bay Road. Zach Graham, Ryan Bain and Tom Harmon of CBRE represented the seller, Nitto Americas Inc. MMM purchased a 12.2-acre site on 88th Avenue. Graham, Bain and Harmon represented MMM, while Sam Badger and Whit Heitman of CBRE represented the seller, CenterPoint Properties. Lakeview Corporate Park is a 2,400-acre business park with a mix of retail, office and industrial space.
FRIDLEY, MINN. — Marcus & Millichap has arranged the sale of Crown Commons in Fridley, north of Minneapolis, for $2.4 million. The 21-unit apartment property is located at 1461 73rd Ave. NE. The building includes a mix of one-, two- and three-bedroom units, and was 100 percent occupied at the time of sale. Mox Gunderson, Dan Linnell, Josh Talberg and Abe Roberts of Marcus & Millichap marketed the property on behalf of the seller, a private investor. Abe Roberts led the team in securing and representing the buyer, a private investor.