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.

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"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."

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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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Engineering firm Flack & Kurtz Inc. took 50,000 sf at the677,500-sf class A 500-512 Seventh Ave. office building. Thesubtenant was represented by John Ryan, managing director, withJLL's New York City office. The sublandlord, iVillage Inc., wasrepresented by David Rosenbloom of Cushman & Wakefield Inc. Thebuilding is owned by 500-512 Seventh Avenue LP, and is locatedbetween West 37th and West 38th streets.

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"Engineering firms such as Flack & Kurtz and otherprofessional services firms are looking for low-cost space withwide-open spaces," Ryan says. "The company searched Lower Manhattanfor appropriate offices but found a great deal in Midtown that wasclose to its existing offices at 475 Fifth Ave."

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The company will occupy the entire 14th floor of the buildingand is relocating from its existing offices at 475 Fifth Ave.,where it had been based for the past 16 years. While theengineering firm's new offices are approximately 9,000 sf largerthan its space at its previous location, it was able to house theentire company on the 14th floor at 500-512 Seventh Ave. Flack& Kurtz occupied three full floors at 475 Fifth Ave.Neighboring tenants at 500-512 Seventh Ave. include AnswerthinkInc., Daniel Frankfurt P.C., Dayton Hudson Corp. and NY TimesDigital.

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JLL also has been tapped to lease four floors of office spacetotaling 130,000 sf at SL Green's 1515 Broadway. The teamoverseeing the assignment will be led by Frank Doyle, internationaldirector, and includes Cynthia Wasserberger, Edward DiTolla andDavid Kleiner, SVPs, all with the company's New York City office.The property, also known as One Astor Plaza, is located in TimesSquare between West 44th and West 45th streets.

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JLL sources tell GlobeSt.com that asking rents at 1515 Broadwayfor the four floors is $82 per sf. "This building offers atremendous opportunity for tenants looking for full floors ofoffice space with an existing above-standard installation," Doylesays. The property at "1515 Broadway, provides an ideal column-freefloor plate for a law firm or financial services company. SL Greenis planning a $150 million capital program to upgrade the buildingto include a new glass facade, a new lobby and new elevators."

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JLL will lease and market the 11th floor through the 15th floorfor the REIT. The space is occupied by Viacom International, whichwill vacate all four floors by Aug. 2008.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.