US Bank Signs For 68k SF In 3 Bryant Park

Three Bryant Park
Three Bryant Park

As MetLife prepares to vacate nearly 400k SF in 3 Bryant Park as part of a consolidation to its namesake HQ on top of Grand Central, Cushman & Wakefield brokers are hard at work finding firms to backfill its space.

This morning, the team led by Bruce Mosler finalized a sublease with US Bank to take 68k SF in the soon-to-be-named Salesforce Tower, taking up a significant chunk of MetLife's lease, which runs until 2029. Terms of the deal were undisclosed. Working with Bruce repping MetLife was  John Cefaly, Ethan Silverstein, and Peyton Horn. C&W's Michael Burlant, Dale Schlather, Jon Herman and Greg Herman repped US Bank.

The 1.2M SF tower, owned by a JV of Ivanhoé Cambridge, Callahan and the Hong Kong Monetary Authority's Exchange Fund, has been in the news quite a bit this year, after Salesforce inked a 200k SF lease that includes naming rights and after the HKMA Exchange Fund bought a 49% stake in the tower for north of $1.1B.

With Salesforce and now US Bank taking most of MetLife's space—which will be changing hands next year—the 16th, 39th and 40th floors are still available for sublease, C&W reports.

US Bank is moving to 1095 Avenue of the Americas from its current New York HQ, which has approximately the same square footage, at 461 Fifth Ave, SL Green's 200k SF building one long block away.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject