Salesforce Nears Sublease Deal With MetLife for 300K SF at 3 Bryant Park
Lauren Elkies Schram Oct. 6, 2015, 11:15 a.m.
Salesforce customer service and customer relationship management platform is close to a sublease deal with insurance giant MetLife for around 300,000 square feet at 3 Bryant Park, also known as 1095 Avenue of the Americas, Commercial Observer has learned.
Cushman & Wakefield’s Bruce Mosler, John Cefaly, Robert Lowe and Ethan Silverstein are representing MetLife in the deal and C&W’s Gus Field is negotiating on Salesforce’s behalf. A spokesman for C&W said the brokers declined to comment.
It wasn’t immediately clear what Salesforce would do with its other Manhattan digs at 1095 Avenue of the Americas, 685 Third Avenue and 155 Avenue of the Americas.
In March, The New York Post reported that MetLife signed a 500,000-square-foot lease at its namesake tower at 200 Park Avenue, with plans to consolidate New York City operations in the building when it moves into the new digs in 2017.
MetLife has 415,000 square feet at 3 Bryant Park, as CO previously reported, a building that is owned by Ivanhoé Cambridge and Callahan Capital Properties. MetLife’s space is available for sublease until 2029, the Post noted. MetLife is retaining a small portion of its space at 3 Bryant Park, according to CoStar. Crain’s New York Business reported in August that Salesforce was eyeing 200,000 square feet at 3 Bryant Park.
Ivanhoé Cambridge and Callahan Capital Properties acquired the building in January for $2.2 billion.
Sébastien Théberge, a vice president of public affairs and media relations at Ivanhoé Cambridge, declined to comment. No one from Salesforce responded to a request for comment.