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Blue Owl Capital Makes Seagram Building Its Home

Blue Owl Capital, a global alternative asset manager with more than $119 billion in assets under management, is leasing 137,660 square feet at RFR’s Seagram Building, 375 Park Ave. in Midtown Manhattan.  The transaction pushes Seagram’s leasing tally over 375,000 square feet for 2022 year-to-date, with the iconic office tower now approaching full occupancy.   

Driving Seagram’s strong leasing performance is Seagram Playground, a first-of-its-kind amenity in the Manhattan office market. “I am committed to ensure the Seagram Building remains the best and most celebrated office building in the world – delivering new oxygen to the workplace by redefining the line between work and amenity,” said Aby Rosen, co-founder and principal of RFR.  

Blue Owl Capital was represented by Mark Weiss of Cushman & Wakefield.  Ownership was represented by JLL’s Peter Riguardi, Paul Glickman, Cynthia Wasserberger and Ben Bass, and by RFR’s AJ Camhi and Paul Milunec. 

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Cushman & Wakefield's WeissJLL's Riguardi

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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