The Real Deal New York

MetLife said to be in talks to consolidate at Tishman’s 200 Park

Insurance giant reportedly negotiating lease for 90K square feet on single floor at 58-story tower

December 24, 2014 09:00AM

metlife

MetLife Building at 200 Park Avenue in Midtown (Inset: Jerry Speyer)

MetLife is negotiating a lease for a 90,000-square-foot space at Tishman Speyer’s 200 Park Avenue, the 3 million-square-foot office tower that bears its name at the top.

The life insurance giant is weighing whether to consolidate its New York operations into the single-floor space at the 58-story property, near East 44th Street. MetLife subleases out all of its space in Long Island City and has moved most of its employees into the former Verizon building at 1095 Sixth Avenue, also known as 3 Bryant Park.

At the latter building, the tenant leases the top portion, where asking rents exceed $80 per square foot, according to the New York Post.

Fred Pieretti, a MetLife spokesperson, denied a move to 200 Park to the newspaper.

“MetLife has not decided to move any employees to 200 Park and has no space available for sublease at 1095 Ave. of the Americas,” Pieretti said.

During the third quarter, law firm Paul, Hastings, Janofsky & Walker took more than 180,000 square feet at the building and is planning to relocate in 2016, as previously reported. [NYP]Mark Maurer

  • David Brown

    You get naming rights on a 3 million square foot building in return for leasing 90,000 square feet? Must be grandfathered in somehow.

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