Robert Khodadadian – Commercial Observer

Temasek, a Singapore sovereign wealth fund, has renewed its offices at the Seagram Building, Commercial Observer has learned.

The firm signed a lease to keep its 26,062 square feet on the 14th and 15th floors of RFR Holding’s 375 Park Avenue, where it has had its New York City headquarters since 2013, according to the landlord. RFR did not disclose the asking rent or length of the lease but said Temasek was paying something in line with other tenants in the landmarked property, between $100 and $200 per square foot.

“Seagram has always and continues to be the iconic NYC office building and home to business,” Aby Rosen, principal of RFR, said in a statement.

Temasek was represented by Brian Goldman, Neil Goldmacher and Matthew Lorberbaum of Newmark, while JLL’s Peter Riguardi, Paul Glickman, Cynthia Wasserberger and Ben Bass as well as AJ Camhi and Paul Milunec of RFR negotiated on behalf of the landlord.

Newmark and JLL did not immediately respond to  requests for comment.

Temasek has a company portfolio worth about $403 billion, which includes DBS Group Holdings, Singapore Telecommunications Limited and Mapletree Investments.

RFR has signed a number of other tenants recently in the 38-story building, which is almost fully leased. Tenants include Blue Owl Capital, which took 137,660 square feet in September, and private equity firm Clayton, Dubilier & Rice, which expanded to 70,000 square feet in May 2022.

In December 2021, wealth management firm Ehrenkranz Partners and financial consultant Investindustrial inked deals for a total of 27,097 square feet with asking rents between $160 to $170 per square foot.

Mark Hallum can be reached at

Temasek, a Singapore sovereign wealth fund, has renewed its offices at the Seagram Building.Read MoreChannel, Leases, Office, 375 Park Avenue, JLL, Newmark, RFR Holding, seagram building, Temasek  Commercial Observer Read More 

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

Robert Khodadadian, properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, Commercial Observer, Retail For Lease, Commercial Observer,

Commercial Office Lease

  Hamister Group Secures Memory-Care Residential Community in Glastonbury on October 26, 2022 at 2:27 pm Connect CRE – Robert Khodadadian

Leave a Reply