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MetLife Close to Deals in Westchester and Queens

WHITE PLAINS-MetLife Inc. officials say that the company is close to finalizing deals that will involve relocating most of its New York City corporate headquarters workforce from One Madison Ave. to White Plains and Long Island City in Queens.

By John Jordan | Updated on April 19, 2001

WHITE PLAINS-In a move to try convince MetLife to lease 55,000 sf of space at 445 Hamilton Ave. here, the Westchester County Industrial Development Agency has offered more than $300,000 in sales tax savings to the insurer to close the deal. The Westchester County Industrial Development Agency held a special meeting on Apr. 17 and approved $307,000 in sales tax benefits for MetLife, should the company decide to open a new office in White Plains. MetLife would also qualify for reduced electric rates through the Westchester County Public Utility Services Agency.

John Calagna, assistant vice president of public relations for MetLife, tells GlobeSt.com that the company is considering relocating 100 employees from its corporate headquarters at One Madison Ave. to 55,000 sf at 445 Hamilton Ave. That property, recently occupied by Prodigy Inc., is part of the White Plains Plaza office complex owned by MetLife Real Estate.

Calagna also confirmed reports that MetLife is considering leasing space at 27-01 BridgePlaza North, which is owned by Brause Realty. If that deal closes, MetLife would relocate approximately 1,000 workers to the site, which is nearby Queens Plaza and the Queensborough Bridge.

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