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Long-Term Tenants Renew Seagram Building Leases

RFR’s Seagram building has seen lease renewals among high-profile, long-term tenants totaling more than 61,000 square feet. Home Depot co-founder Ken Langone’s Invemed Associates and Bill Berkley’s Berkely Insurance Group have committed to lease renewals of 7,000 square feet and 18,214 square feet, bringing their tenancies at Seagram to 33 years and 17 years, respectively. Mubadala’s MIC Capital will renew and expand to 36,428 square feet, doubling its space at Seagram and lining up space that won’t become available until 2027.

“As renowned industry titans, Mr. Langone and Mr. Berkley add a larger-than-life energy to the diverse tenant mix at Seagram and complement a host of youthful, high-growth firms at the building,” said AJ Camhi, director of leasing at RFR. “The prestige of a Seagram address is universally sought after and we’re seeing long-term commitments from tenants ranging from savvy innovators to longtime business visionaries. At 99% occupancy, the competition for space here is still incredibly fierce.”

RFR was represented in-house by Camhi and SVP Paul Milunec. Mubadala Investment Group was represented by Justin Aronson of CBRE.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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