The Real Deal New York

RFR inks ex-Barclays boss’ firm at Seagram Building

Atlas Merchant Capital relocating to 375 Park Avenue
August 13, 2014 01:40PM

RFR Realty signed investment firm Atlas Merchant Capital to roughly 17,500 square feet at the Seagram Building.

Atlas Merchant Capital, co-founded by former Barclays CEO Bob Diamond, plans to move to 375 Park Avenue from 135 57th Street. In a five-year lease, the firm will grab the entire 21st floor of the 38-story office building between 52nd and 53rd streets.

Steve Morrows, director of leasing and executive vice president at RFR, represented the landlord in-house. The tenant’s broker was undisclosed. Asking rents range from $160 to $170 per square foot.

Aby Rosen and Michael Fuchs’ RFR took full ownership of the Seagram Building last year, as previously reported. In 2000, RFR and its partners paid $375 million to acquire the Ludwig Mies van der Rohe-designed building at auction. In 2011, RFR reached an agreement with 39 percent stakeholder Peter Brant to purchase his share, financing the deal through a $160 million loan from the Blackstone Group and others. [Crain’s] and [NYO]Mark Maurer