MIC Capital Partners Doubles Space At Seagram Building With Lease Extension Through 2044

The property asset involved in the transaction is an office lease located at 375 Park Avenue in the Manhattan market. The asking rent for the space is $285 per square foot, and the total square footage is 36,428. The asset is notably situated in the Seagram Building, where MIC Capital Partners has extended its lease through 2044.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $285/ft
• Square Footage: 36,428
• Address: 375 Park Avenue
• Market: Manhattan
• Landlord: Aby Rosen & Michael Fuchs - RFR Holding
• Tenant: MIC Capital Partners
• Landlord's Representative: AJ Camhi & Paul Milunec - RFR Realty
• Tenant's Representative: Justin Aronson - CBRE

Key individuals in the lease transaction include Aby Rosen and Michael Fuchs, representing the landlord side through RFR Holding. On the tenant side, MIC Capital Partners, the asset management arm of Mubadala, was represented by Justin Aronson from CBRE. AJ Camhi and Paul Milunec, representing the landlord, were also key players in facilitating this lease agreement.