Click here to close now.

SYS-CON MEDIA Authors: Carmen Gonzalez, Blue Box Blog, Lori MacVittie, Plutora Blog, Roger Strukhoff

News Feed Item

RFR Realty LLC Announces 17,500-SF Headquarters Lease With Arden Asset Management at 375 Park Avenue

NEW YORK, Jan. 23, 2014 /PRNewswire/ -- RFR Realty LLC today announced that Arden Asset Management has signed a 17,500-square-foot full-floor lease renewal at 375 Park Avenue, also known as the Seagram Building. Founded in 1993 by Averell H. Mortimer, Arden Asset Management, which specializes in providing alternative investment solutions, including creating and managing portfolios of hedge funds using a research-driven investment process, has been a tenant in the landmark building since 2005 and agreed to renew its headquarters lease on the 32nd floor for an additional 10 years.

(Photo:  http://photos.prnewswire.com/prnh/20140123/PH51721)

"The level of leasing activity at 375 Park Avenue for year-end 2013 totaled over 100,000 square feet, and that momentum has persisted into 2014," said Steve Morrows, executive vice president and director of leasing at RFR Realty LLC, who represented the ownership in-house in the lease negotiations. "The commitment with Arden Asset Management is a testament to the building's outstanding pedigree, as it houses some of the world's finest private equity firms, hedge funds and family offices. In order to best serve these premier tenants, we will launch several building enhancements throughout the year, including a 375 Park Avenue Limited Edition Prebuilt Collection that will offer unique high-end designs tailored to the personality and identity of each tenant as well as an amenity space with a 10,000-square-foot terrace."

The deal with Arden Asset Management comes on the heels of a new commitment with David Martinez-owned investment firm Fintech, which has been a tenant in the landmark building since 1994 and renewed its lease on the 38th floor for an additional 10 years.  

Designed by noted architects Ludwig Miles van der Rohe and Philip Johnson, 375 Park Avenue was completed in 1958 and remains today one of the finest examples of the functionalist design aesthetic and a masterpiece of corporate modernism. Acquired by RFR in 2000, the building has since undergone a comprehensive capital improvements campaign, which included a broad elevated plaza along Park Avenue that features symmetrically designed fountains and landscaping, a 150-car parking garage with waiting lounge and two of Manhattan's most exclusive restaurants: Four Seasons and Brasserie. 375 Park Avenue offers refined luxury office interiors with panoramic views of the Manhattan skyline coupled with 24/7 building access, convenient proximity to public transportation and a prestigious tenant roster that includes some of the world's great financial powerhouses and Fortune 500 companies.

Arden Asset Management was represented in the lease negotiations by Brian Goldman, Neil Goldmacher and Erik Harris on Newmark Grubb Knight Frank.

About RFR

RFR is a fully integrated real estate investment firm based in New York City with a core focus on select urban markets in the United States and Germany.  Founded by Aby Rosen and Michael Fuchs in the early 1990's, the firm has been an active force in the New York City and German real estate market for much of the past two decades. RFR's portfolio has grown to include more than 100 properties located in select domestic and international markets.  While its property portfolio is anchored in the Manhattan and key German commercial markets, RFR also has significant commercial, residential, hotel, and retail holdings.  RFR has a proven track record of adding significant value to the properties it acquires through property-level repositioning and strategic financial engineering.  RFR has created an organization with deep experience in all phases of the property life cycle and is positioned to take advantage of market opportunities.

Contact:
Great Ink Communications, Ltd. – 212-741-2977
Roxanne Donovan ([email protected]
Eric Waters ([email protected])
Alyson Leiter ([email protected])

Read more news from RFR Realty LLC.

SOURCE RFR Realty LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
There are 182 billion emails sent every day, generating a lot of data about how recipients and ISPs respond. Many marketers take a more-is-better approach to stats, preferring to have the ability to slice and dice their email lists based numerous arbitrary stats. However, fundamentally what really matters is whether or not sending an email to a particular recipient will generate value. Data Scientists can design high-level insights such as engagement prediction models and content clusters that a...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
Database apps on mobile devices shouldn't stop working when there's limited or no network connectivity. In his session at 16th Cloud Expo, Bradley Holt, a Developer Advocate for IBM Cloudant, will discuss how to bring data stored in a cloud database to the edge of the network (and back again), whenever an Internet connection is available. He will demonstrate techniques for replicating cloud databases with mobile devices in order to build offline-enabled mobile apps that can provide a better,...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
This talk focuses on the application of DevOps fundamentals to include network infrastructure. It draws from real deployment case studies on the extension of today's paradigms to address the challenges of the network infrastructures' ability to seamlessly and cohesively integrate into agile workflows. In this session at DevOps Summit, Arista Networks will focus on configuration management using automation with a nod to future work necessary to include telemetry and ephemeral state information....
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
Cloud and Big Data present unique dilemmas: embracing the benefits of these new technologies while maintaining the security of your organization's assets. When an outside party owns, controls and manages your infrastructure and computational resources, how can you be assured that sensitive data remains private and secure? How do you best protect data in mixed use cloud and big data infrastructure sets? Can you still satisfy the full range of reporting, compliance and regulatory requirements? In...
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mo...
Chuck Piluso will present a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Speaker Bio: Prior to Data Storage Corporation (DSC), Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of ...
There are lots of challenges in IoT around secure, scalable and business friendly infrastructure for enterprises. For large corporations, IoT implementations are one of the top priorities of the decade. All industries are seeing a competitive need to sustain by investing in IoT initiatives. The value addition comes from improved customer service, innovative product and additional revenue streams. The data from these IP-connected devices can be leveraged for a variety of business applica...
To manage complex web services with lots of calls to the cloud, many businesses have invested in Application Performance Management (APM) and Network Performance Management (NPM) tools. Together APM and NPM tools are essential aids in improving a business's infrastructure required to support an effective web experience... but they are missing a critical component - Internet visibility. Internet connectivity has always played a role in customer access to web presence, but in the past few years u...