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MIC Capital Expands to Three Floors at Seagram Building

MIC Capital Partners, the private equity arm of the $330-billion sovereign wealth fund Mubadala Investment Company, has expanded its footprint at the Seagram Building to 54,642 square feet. Since joining the tenant roster at 375 Park Ave. in 2018, Abu Dhabi-based MIC has tripled its presence at the tower and will now occupy three full floors in a 25-year term.

“Mubadala’s off-market commitment for space that doesn’t become available until 2027 is representative of the iconic building’s enduring appeal,” said AJ Camhi, EVP and director of leasing at RFR. “We are proud to work closely with our tenants to ensure they have the room they need to grow and thrive within Seagram.”

In May 2025, MIC doubled its space commitment at Seagram. With this latest transaction, the organization added an 18,214-square-foot full floor to its existing 36,428 square feet.

RFR was represented in-house by Camhi and SVP Paul Milunec. MIC was represented by CBRE’s Justin Aronson.

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RFR's Camhi

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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