Arbor Realty Trust Renews And Expands Lease At The Seagram Building In NYC

The Seagram Building at 375 Park Ave, New York, NY, 10022, is an iconic 859,433-square-foot office tower in Midtown Manhattan. Architect Ludwig Mies van der Rohe designed it in 1958, featuring retail space, floor plates ranging from 15,700 to 39,000 square feet, and various amenities. The property is located in a prime area between 52nd and 53rd Streets, near cultural institutions and luxury shops, with easy access to transportation.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Tenant: Arbor Realty Trust
• Tenants Representative: Ted Koltis
• Square Feet: 36,248
• Landlord: Unknown

Arbor Realty Trust, a real estate lender and investor, signed a 10-year, 36,248-square-foot renewal and expansion lease at The Seagram Building. With Colliers International's assistance, Arbor became the third largest tenant at the office property. RFR Realty represented the ownership in the negotiations, while RFR’s AJ Camhi and Kevin West were key players in the deal. Additionally, Ted Koltis and Reid Longley of Colliers International negotiated on behalf of Arbor in this significant transaction.