EB-5 Visa Investment Firm CanAm Enterprises Moves to 48 Wall Street
By Rebecca Baird-Remba July 1, 2021 10:18 am
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CanAm Enterprises, an investment firm that specializes in EB-5 visa projects, is relocating within the Financial District to 48 Wall Street, according to landlord broker Helmsley Spear.
The company inked an 11-year lease for 7,150 square feet on the entire 24th floor of the 32-story building between William and Pearl streets. Asking rent for the space was in the $40s per square foot.
CanAm will leave its longtime office at 88 Pine Street, where it has been a tenant for more than 30 years.
CBRE (CBRE)’s Bruce Surry and Eric Sears represented the tenant in the deal, while Helmsley Spear’s Andrew Simon, James Emden, Randy Sherman and Kent Swig handled the transaction on behalf of the landlord, 48 Wall LLC.
“The spurt of activity we have experienced since taking over the leasing and management at the end of last year is clear evidence of the confidence that tenants and brokers have shown in both the ownership and management of this iconic FiDi property,” Swig said in prepared remarks.
Rebecca Baird-Remba can be reached at rbairdremba@commercialobserver.com.
