Churchill Asset Management LLC, a Nuveen investment specialist, has recently signed a long-term extension and expansion agreement at the iconic Seagram building located at 375 Park Ave in Midtown Manhattan. The firm currently occupies 52,124 square feet on floors nine and ten of the building and will now be expanding its footprint by an additional 26,062 square feet on the full eighth floor.
According to AJ Camhi of RFR, “Seagram is widely recognized as a premier destination for financial and business services in Midtown. With high demand for space in this area, we are thrilled to have Churchill choose to expand their presence within our building. We always strive to work with our tenants to accommodate their growth needs whenever possible.”
The deal was brokered by Scott Vinett from Savills and Chris Joyner from Fischer Corporate Real Estate representing Churchill Asset Management while RFR was represented internally by EVP & Director of Leasing Camhi along with SVP Paul Milunec.
This expansion showcases Churchill’s continued success as they remain dedicated providers of capital for private equity-owned middle market companies with over $50 billion under management. The Seagram Building continues its reputation as one of the most sought-after locations for businesses looking for prime office space in New York City’s bustling commercial district.
