(Mark Your Calendars: RealShare New Jersey 2011, September 13 in New Brunswick. RealShare New York takes place Oct. 12 at the Marriott Marquis.)

WHITE PLAINS, NY-Developer, owner and operator Normandy Real Estate Partners tells GlobeSt.com that New York Life Insurance Company has signed a 27,500-square-foot, 11-year lease at 777 Westchester Avenue, a five-story 129,475-square-foot class A building within Normandy’s 14-building, 1.6-million-square-foot “The Exchange” portfolio along the I-287 corridor in Westchester County. In addition to the company’s heavy Manhattan presence, New York Life will occupy space on the fourth floor here, a deal that Paul Teti, vice president of Normandy Real Estate Partners, says was “a partnership.”

“We are extremely happy about this,” Teti tells GlobeSt.com upon closing the deal. “There are very few tenants with the kind of credit and stability that New York Life conveys to the market. For us, to be able to have a name like that in our portfolio is an incredible testament to the stability of our portfolio and our ownership. It is really a partnership, and we hope New York Life shares that opinion with us going forward.”