MetLife’s 400,000-square-foot space on the top of Three Bryant Park, aka 1095 Avenue of the Americas, is up for sublease to 2029. We predicted the space would become available as the insurer is moving to 500,000 square feet at 200 Park Ave.
Cushman & Wakefield’s team of Bruce Mosler, John Cefaly, Robert Lowe and Ethan Silverstein is marketing the Bryant Park spot for MetLife, which will give it up when it moves in 2017.
MetLife intends to sublease its floors 13 to 20, 23, and 39 to 41 along with a private ground-floor lobby across from Bryant Park. MetLife currently has giant rooftop signage just as it does at 200 Park.
“There is an opportunity for great branding and we will command top rents,” said Mosler. The area around Bryant Park has become a new go-to office and retail neighborhood.
That’s one reason Three Bryant Park was included in The Most Significant Retail Deal of the Year, also the transaction that is most important to the city’s retail market, which was awarded to Patrick A. Smith, Mark Kapnick, Corey Zolcinski and Matt J. Ogle of SRS Real Estate Partners-Northeast for “Redefining Bryant Park: The Creation of a New Retail District — 3 Bryant Park, 5 Bryant Park and 120 West 42nd Street.” The team leased 160,000 square feet to retailers including Whole Foods, Tourneau, Citibank, Asics and SoulCycle.
A 24,000-sqaure-foot deal for Bottega Veneta by Eric Le Goff, James S. Downey, Frank Liantonio and Michael Rotchford of Cushman & Wakefield, however, took home top honors last night as the Real Estate Board of New York’s Most Ingenious Retail Deal of the Year. The judges decided their multi-townhouse transaction at 740 Madison Ave., “The ‘Art’ of a Deal: From Art to Fashion,” demonstrated exceptional broker acumen, ingenuity and creativity.