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Insignia brings two more Fleet branches to Midtown.

Fleet has announced it will open two new retail locations in Midtown. The company has signed a 2,559 SF lease on the ground level retail arcade of the MetLife Building at 200 Park Avenue; and a 1,200 SF lease on street level at 1100 Avenue of the Americas, a.k.a. the HBO Building, at 42nd Street.

Two brokers from Insignia/ESG's Retail Group, namely David Green, executive director, and David LaPierre, director, exclusively represented Fleet bank in both transactions.

"Fleet's choice of the MetLife location is a strategic one, since it will give commuters a convenient way to handle routine banking activities as well as sophisticated investments," said Mr. LaPierre.

"These sites will provide customers with convenient access to banking and investing and full array of financial services," said Henrique Meirelles, President, Corporate and Global Banking at Fleet. "These new sites will have special appeal to the 2.3 million people, many of them commuters, who work in Manhattan each day. These sites also demonstrate Fleet's multi-channel approach to service delivery, complemented by the great depth of our people and products."

Clearly one of the City's most heavily trafficked thoroughfares, it's estimated that 250,000 people walk between the MetLife Building's entrance on 45th Street and Grand Central Station every day. Fleet will join a host of other retailers at the MetLife Building's retail concourse including restaurants Cucina & Co., Tropica, Cafe Centro, and retailers Godiva Chocolates, UPS, and DHL among others.

The Sixth Avenue site situated across from Bryant Park and the New York Library, will feature three ATMs in a 24-hour location and is scheduled to open in the Spring. The Fleet MetLife branch at 200 Park which will follow in early fall of 2001, will offer six ATM machines as well as both banking and brokerage sales.

Insignia/ESG is one of the largest commercial real estate services providers in the United States, with comprehensive brokerage, consulting, property management, fee development, investment sales and debt placement operations. Insignia/ESG is a subsidiary of Insignia Financial Group, Inc.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 28, 2001
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Next Article:Barnes & Noble's signs new lease at Citigroup Center.

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