Building owner MetLife was represented in the 48,228-sf renewalby Frank Doyle, international director, Cynthia Wasserberger, SVP,and Amanda Saltzman, analyst, all with JLL's New York City office.The tenant, Barney's Inc., was represented by Barry Gosin,principal, Neal Golden, senior EVP, and Ross Perlman, associatedirector, with Newmark Knight Frank.
"Barney's had many options in the marketplace, but chose torenew its office space at 575 Fifth Ave., given its long-termtenancy in the building," Doyle says. "The building is ideallylocated along the epicenter of Fifth Avenue. MetLife has committedto a capital improvement program at 575 Fifth Ave. this year. Therenovation will include a Moed, D'Armas & Shannon andGensler-designed lobby and the repositioning of a significant blockof multilevel retail space along Fifth Avenue."
Barney's renewed its lease for 15 years, occupying the entire10th and 11th floors at the property. The building is locatedbetween East 46th and East 47th streets. Neighboring tenants at 575Fifth Avenue include L'Oreal USA, Westpac Banking Corp., and KeyBank N.A.
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