Mikhail Prokhorov and the Seagram Building
Russian billionaire and new owner of the New Jersey Nets Mikhail Prokhorov has landed a new office, according to the Wall Street Journal, after signing a lease for 2,500 square feet in the famed Seagram Building at 375 Park Avenue between 52nd and 53rd streets. Prokhorov, who spent $200 million for his 45 percent stake in the Nets last year, will use the space as his office when he’s in town. The basketball enthusiast’s investment has proved crucial for the team — his capital injection helped finance the Atlantic Yards project, the Downtown Brooklyn development where the Nets’ new Barclays Center arena will open. The team is expected to begin using the space in 2012. [WSJ]
