Churchill Asset Management LLC, an investment specialist of Nuveen, the asset manager of TIAA, has signed a long-term 78,163-square-foot extension and expansion at RFR’s Seagram building, 375 Park Ave. Churchill is a $50 billion leading capital provider for private equity-owned middle market companies and currently occupies 52,124 square feet on floors nine and 10 at Seagram; the firm will expand its footprint by 26,062 square feet, taking the full eighth floor at Seagram.
“As our firm and team continue to grow, we are excited to further expand our footprint at the Seagram building. The building’s central Midtown location and best-in-class service and amenities make it an ideal headquarters for our employees and clients,” said Shai Vichness, chief financial officer at Churchill. “RFR has been an invaluable partner, and we look forward to deepening our long-term commitment to this iconic location.”
Churchill Asset Management first signed on at Seagram in 2022 with a 52,144-square-foot lease. As the company continued to grow, the firm preferred to expand in place at Seagram.
“Seagram is known as the premiere hub of financial and business services in Midtown,” said AJ Camhi, executive vice president and director of leasing of RFR. “The competition for space is notably fierce as a large percentage of existing tenants want to grow in place at Seagram. We are always pleased to partner with our tenants to accommodate growth whenever possible.”
Scott Vinett of Savills and Chris Joyner of Fischer Corporate Real Estate represented Churchill Asset Management while RFR was represented in-house by Camhi and Senior Vice President Paul Milunec.
The Seagram Building is recognized as one of the world’s greatest architectural masterpieces. he landmarked building designed by the legendary architect Ludwig Mies van der Rohe is his only work in New York City and was completed in collaboration with Philip Johnson.
