Related Ross has a lot of office space to fill, and it just snagged a longtime Brookfield Properties executive to head its leasing efforts.
The West Palm Beach-based developer hired Duncan McCuaig as executive vice president of office leasing, according to a news release. McCuaig has been with Brookfield Properties in New York City for 20 years and was tapped as the firm’s head of leasing in 2023, the Commercial Observer reported.
During his time with Brookfield, he secured some of the most significant tenants for One and Two Manhattan West in Hudson Yards.
Those included white shoe law firm Skadden and Cravath, consulting giants EY, KPMG and Accenture, the National Hockey League and hedge fund D.E. Shaw. He helped to secure 1.3 million square feet for Morgan Stanley at One New York Plaza in 2019. Among the other tenants he secured across Brookfield’s New York portfolio were Amazon, Citadel and JP Morgan Chase.
Related Ross is the South Florida-focused spinoff of Hudson Yards developer Related Companies. Led by billionaire Steve Ross, the firm has more than 3.8 million square feet of office completed or in the pipeline that need tenants. In his new role, McCuaig will oversee leasing for 360 Rosemary, One Flagler, 15 CityPlace, 10 CityPlace, CityPlace Tower, Esperanté Corporate Center, Phillips Point, 515 Fern and 477 Rosemary.
Wells Fargo plans to relocate the headquarters for its wealth management arm to One Flagler with a 50,000-square-foot lease. Ross has also signed tenants ServiceNow, Cleveland Clinic and architecture firm Roger Ferris + Partners. From the financial sector, it has signed Citizens Bank, JP Morgan Private Wealth Management and Metropolitan Commercial Bank.
Ross speaks openly about his ambitions to transform West Palm Beach into the Silicon Valley of the future. As part of that effort, he donated $50 million to Vanderbilt University’s planned business and tech-focused graduate campus in West Palm Beach that is moving forward after a first round of fundraising.