Tishman Speyer Announces Large Lease Renewal/Expansion at 200 Park Avenue

PRLog (Press Release) - Dec. 17, 2009 - New York, NY – Tishman Speyer announced this week that Gibson Dunn & Crutcher, LLP has signed a lease renewal and expansion at 200 Park Avenue.  Under the transaction terms, the prominent global law firm will occupy over 260,000 square feet at the landmark property, also known as The MetLife Building, through October 2031.  

The firm previously occupied approximately 192,000 square feet at the property.

Stretching from East 43rd Street to East 45th Street with direct access to Grand Central Terminal, the 58-story structure opened in 1963 as the renowned “Pan Am Building.”  From the start, it has been one of New York’s City’s most famous and recognized buildings, and home to many large and well-known corporations.  Fully modernized, it consists of three million square feet of office and retail space with an adjacent six-story parking garage and many first-class on-site and nearby amenities.  

Commenting on the transaction, Tishman Speyer President and Co-CEO Rob Speyer (http://www.linkedin.com/in/speyer) said, “We’re pleased that Gibson Dunn has chosen to remain and expand at 200 Park Avenue, clearly recognizing the building as a premier location.   Even in a challenging leasing market, 200 Park Avenue continues to serve the office needs of a long-list of world-class business organizations.”

Gibson Dunn was represented in the transaction by Lewis Miller and Andrew Sussman of CB Richard Ellis.  Tishman Speyer’s Megan Sheehan and Calvin Farley represented ownership.

About Tishman Speyer (www.tishmanspeyer.com)

Tishman Speyer (http://tishmanspeyer.wordpress.com) is one of the leading owners, developers, operators, and fund managers of first-class real estate in the world. Since 1978, Tishman Speyer has acquired, developed and operated over 325 projects totaling over 116 million square feet and a property portfolio of over US$54.2 billion in total value across the United States, Europe, Latin America and Asia, including signature properties such as New York's Rockefeller Center and Chrysler Center, Berlin's Sony Center and Torre Norte in São Paolo, Brazil.