MetLife grows again at namesake Manhattan building

MetLife may no longer own its namesake building in Midtown Manhattan, but its infatuation with the property remains as strong as ever. The insurance firm signed a 10-year lease expansion at 200 Park Avenue — the MetLife Building — spanning nearly 48,000 square feet, according to the Commercial Observer. The expansion was initially disclosed by CBRE. The expansion brings MetLife’s footprint at the Irvine Company property to approximately 500,000 square feet in total. An asking rent wasn’t disclosed, but the average office asking rent in the neighborhood last month was $86.49 per square foot, according to CBRE. MetLife renewed roughly […]

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