Another wholesaler is looking to exit the fast-changing Fulton Market neighborhood, setting the stage for a possible redevelopment that could include retail, office and residential space. Taylor Johnson client Transwestern has been retained to sell or lease the half-acre property at 201 N. Elizabeth St., currently home to Rizes Produce. The wholesaler is working with Transwestern to identify an alternative location for its operations, a move that would allow the company to capitalize on soaring property values in the area, where an influx of high-profile employers like Google and McDonald’s is fueling a wave building conversions and ground-up development. Read more about the latest property to hit the sale block in this Crain’s exclusive.

Rizes Produce has been based out of the 14,000-square-foot facility at 201 N. Elizabeth St. since 1989. Now, Transwestern is marketing the property for redevelopment as property values continue to climb in Fulton Market.