Mubadala’s MIC Capital Partners expands to another full floor at RFR’s Seagram Building

Manhattan, NY RFR said that MIC Capital Partners, the private equity arm of the $330 billion sovereign wealth fund Mubadala Investment Co., has expanded its footprint at the Seagram Building to 54,642 s/f. Since joining the tenant roster in 2018, MIC has tripled its presence at the tower and will now occupy three full floors.

The expansion underscores the commitment of the Abu Dhabi-based organization, with interests spanning six continents and multiple sectors and asset classes, to a long-term tenancy at 375 Park Ave.

“The elite tenant ecosystem and unrivalled amenities at Seagram make it the premier destination for the world’s most prominent firms and we’re excited to accommodate MIC Capital Partners’ continued growth,” said AJ Camhi of RFR. “Mubadala’s off-market commitment for space that doesn’t become available until 2027 is representative of the iconic building’s enduring appeal. We are proud to work closely with our tenants to ensure they have the room they need to grow and thrive within Seagram.”

In May 2025, MIC doubled its space commitment at Seagram. With this latest transaction, the organization added an 18,214 s/f full floor to its existing 36,428 s/f, bringing its total occupancy to 54,642 s/f across three floors for a 25-year term.

Further reinforcing Seagram’s market leadership, JLL’s 2025 Top Tier Report ranked the building as having the highest number of lease transactions exceeding $200 per s/f during the year. Asking rents at Seagram are $285 per s/f.

RFR was represented in-house by executive vice president and director of leasing, AJ Camhi and senior vice president Paul Milunec. MIC was represented by Justin Aronson of CBRE.

A combination of Seagram’s architectural significance, its amenity package and its tenant base of financial powerhouses are strong drivers for early lease renewals at the building. The 34,000 s/f Seagram Playground gives tenants an expansive amenity space that combines physical fitness, wellness and social collaboration. The space includes multi-sport courts, a rock-climbing wall, a Pilates station, showers and lockers, a 240-person town hall meeting space and various conferencing and flex space options for working and socializing outside the office or for large-scale events and meetings.

The Seagram Playground complements Seagram’s longstanding amenity offering which include the unmatched restaurant and event spaces in The Grill, The Pool, and the Lobster Club; in-building parking and bicycle storage with direct elevator access to the lobby; and rotating fine art installations in common spaces.

The Seagram Building was designed by architect Ludwig Mies van der Rohe and was completed in collaboration with Philip Johnson.

Image Courtesy RFR