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REAL ESTATE WEEKLY JANUARY  2017

DEALS & DEAL MAKERS 

 Lease deals at landmark Seagram Building

RFR Realty announced that it has signed over 77,000 s/f of leases with a variety of new and established tenants at 375 Park Avenue, its 38 story, 837,000 s/f landmark property.The average asking rent at the office tower, whiich is currently 95 percent occupied, is $185 per square foot 

Private equity firm InvestIndustrial signed a lease for 5,465 square feet that will expand its footprint and relocate the firm within the property. Founded in 1990 by Andrea C. Bonomi, the company has approximately $6.1 billion USD (€5.6 billion) of raised fund capital and provides capital to mid-market companies. InvestIndustrial has offices in Switzerland, Spain, United Kingdom, United States, Luxembourg and China.

The tenant was represented by Thomas Birnbaum of NYC Realty Advisors LLC. 

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