Marketing tech firm takes 25K square feet at MetLife Building

IgnitionOne to sublease space from Barclays

TRD New York /
Mar.March 11, 2014 05:51 PM

Marketing technology company IgnitionOne has taken 25,000 square feet at Tishman Speyer’s MetLife Building, The Real Deal has learned. IgnitionOne, which was recently spun off from advertising giant Dentsu, will be subleasing the 200 Park Avenue space from British bank Barclays.

IgnitionOne will pay rents in the mid-$30s per square foot for space on the 27th floor, according to CompStak data. The marketer, which signed a five-year lease, is moving out of Dentsu’s New York headquarters at 32 Avenue of the Americas.

JLL represented Barclays in the sublease deal, while a team from Newmark Grubb Knight Frank represented IgnitionOne, according to a source familiar with the transaction. Barclays has been looking since November — and perhaps longer — to unload around 100,000 square feet in the 3.1 million-square-foot building. It is unclear which brokers were involved. Representatives for JLL did not respond to requests for comment, while a representative for Newmark couldn’t be immediately reached.

A joint venture between Tishman Speyer, the New York City Employees’ Retirement System (NYCERS) and the Teachers’ Retirement System, purchased the property from MetLife Inc. in 2005 for $1.72 billion. The building is home to some high-profile tenants, including Swiss bank UBS.


Related Articles

arrow_forward_ios
Double tap: Here’s a look at the best shots shared on Instagram this week

Double tap: Here’s a look at the best shots shared on Instagram this week

ABS Partners, Altman Warwick form a mortgage brokerage

ABS Partners, Altman Warwick form a mortgage brokerage

Penthouses are the hottest thing in commercial buildings, too

Penthouses are the hottest thing in commercial buildings, too

Secretary of the interior: TRD  ranks the architecture firms working on NYC’s biggest renovations

Secretary of the interior: TRD ranks the architecture firms working on NYC’s biggest renovations

Auditing firm sues Barclays over alleged rent overcharges at MetLife Building

Auditing firm sues Barclays over alleged rent overcharges at MetLife Building

DAVOS/SWITZERLAND, 24JAN13 - Marc R. Benioff, Chairman and Chief Executive Officer, Salesforce.com, USA; Young Global Leader Alumnus gestures while speaking during the session 'Enterprise Dynamism - Unleashing Entrepreneurial Innovation' at the Annual Meeting 2013 of the World Economic Forum in Davos, Switzerland, January 24, 2013.

Copyright by World Economic Forum

swiss-image.ch/Photo Moritz Hager

Salesforce nears 300K sf deal at 3 Bryant Park

MetLife Building

MetLife returning to namesake Midtown tower

Here’s how the country’s richest real estate mogul made it

Here’s how the country’s richest real estate mogul made it

arrow_forward_ios