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Blue Owl Capital Expands Lease At Seagram Building In Midtown Manhattan To 238673 SF
LEASED
New York
See Similar DealsOffice238,673 SF
Leased 10/29/2024
LEASED
Blue Owl Capital Expands Lease At Seagram Building In Midtown Manhattan To 238673 SF
375 Park Avenue
See Similar DealsOffice238,673 SF
Leased 10/29/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:238,673 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 375 Park Avenue in Midtown Manhattan. The asset is an office space with a total square footage of 238,673. Blue Owl Capital has expanded its lease at the Seagram Building, adding an additional 70,076 square feet across floors 16-19.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 375 Park Avenue
- Market: Midtown Manhattan
- Landlord: RFR Realty
- Tenant: Blue Owl Capital
- Brokers: AJ Camhi & Paul Milunec - RFR Realty
Mark Weiss from Cushman & Wakefield represented Blue Owl Capital in this lease transaction, while the landlord representation was handled internally by RFR Realty.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$13,680,592.33
Total Lease Value
$136,805,923.35
Net Landlord Cash Flow$13,680,592.33
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