NEW YORK CITY—Preparing for its consolidation into 200 Park Ave., MetLife is working to sublease nearly 400,000 square feet at Three Bryant Park. The long-term sublease is slated to be delivered to the market by late 2016 or early 2017.
The insurance giant tapped Cushman & Wakefield's Bruce Mosler, John Cefaly, Robert Lowe and Ethan Silverstein to market the space. Three Bryant Park is a class-A office building that was completely re-clad and renovated in 2009.
“This is a rare opportunity for a headquarters location, with the ability for prominent signage in a prime Midtown location,” says Mosler, chairman of global brokerage.
?MetLife, which leases floors 13 to 20, 23, 39 to 41 and a private ground floor lobby in the 41-story Midtown office tower, recently announced its plans to relocate to 200 Park Ave. in a 500,000 square foot lease. C&W represented the company in the lease, one of the largest office transactions to date this year.
“This availability is an exciting opportunity, with full floors of 35,000 square feet in a great asset,” asserts Cefaly, a Cushman & Wakefield executive vice chairman.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
