JLL and NKF complete 15-yr. renewal: 48,228 s/f

Jones Lang LaSalle has completed a renewal for building owner MetLife Inc. at 575 Fifth Ave. with Barney's Inc. The department store chain renewed its lease for 48,228 s/f of office space at the 540,000 s/f class A building. MetLife was represented by Frank Doyle, international director, Cynthia Wasserberger, senior vice president, and Amanda Saltzman, analyst, all with Jones Lang LaSalle's New York office. The tenant, Barney's Inc., was represented by Barry Gosin, principal, Neal Golden, senior executive vice president, and Ross Perlman, associate director, with Newmark Knight Frank. Barney's renewed for 15 years, occupying the 10th and 11th floors. The building is located between East 46th and East 47th Sts. MetLife Inc., a leading provider of insurance and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its domestic and international subsidiaries and affiliates, MetLife Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement & savings products and services to corporations and other institutions. Jones Lang LaSalle is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2007 global revenue of $2.7 billion, Jones Lang LaSalle has approximately 170 offices worldwide and operates in more than 700 cities in 60 countries. The firm is an industry leader in property and corporate facility management services, with a global portfolio of approximately 1.2 billion square feet. In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For more information, visit www.joneslanglasalle.com.