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RBC Dain Rauscher Takes 60,000 SF at 1211 Sixth Ave.

NEW YORK CITY-The Royal Bank of Canada's investment advisory subsidiary, temporarily forced to Midtown from One World Financial Center following the Sept. 11 attacks, will occupy its new space in June.

By Glen Thompson | Updated on March 11, 2003

NEW YORK CITY-Royal Bank of Canada subsidiary RBC Dain Rauscher has completed a long-term lease for 60,000 sf at 1211 Avenue of the Americas. The investment advisory firm will install its headquarters at the Jamestown Corp./Rockefeller Group-owned property.

USI Real Estate Advisors LLC vice chairman Robert B. Emden and senior vice president Gerard Picco represented RBC Dain Rauscher in the transaction. Cushman & Wakefield senior director John Picco and director Mitch Arkin represented the ownership. Occupancy is slated for June. Details of the 13-year lease have not been disclosed.

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