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New York & Tri-State  + Midtown New York  + Office  |  June 14, 2018
Paul Bubny
By: Paul Bubny

Sovereign Wealth Fund Expands at Seagram Building

Singapore-based sovereign wealth fund Temasek has expanded to nearly 23,000 square feet at RFR Realty’s 375 Park Ave., best known as the Seagram Building. NKF’s Brian Goldman represented Temasek in the expansion.

Additionally, Brazilian-based law firm Demarest Advogados signed a new 10-year lease for a prebuilt space in the iconic building’s tower. The tenant has multiple office locations in Brazil, as well as New York City. Aron Schreier and David Mainthow of Cushman & Wakefield acted on behalf of the tenant in the transaction.

Specialty finance company Nearwater Capital also signed a new lease for part of a tower floor at the property. Kip Orban of JLL represented Nearwater.

In all three deals, RFR was represented in-house by director of leasing Al Camhi and Ryan Silverman, along with a JLL leasing team including Benjamin Bass, Diana Biasotti, Kristin Morgan and Kip Orban.

For comments, questions or concerns, please contact Paul Bubny

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Connect With NKF's GoldmanConnect With 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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