REAL ESTATE WEEKLY
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.