London-based petroleum trading company Yakima Oil Trading and independent art dealer Tobias Meyer have opened Seagram Building offices through respective five-year leases on the 25th floor totaling 3,841 square feet at RFR Realty’s landmarked building at 375 Park Avenue, Commercial Observer has learned.
The energy finance firm has inaugurated its first New York City offices in a 2,437-square-foot space and Mr. Meyer, who stepped down from his role as chief art auctioneer after 20 years at Sotheby’s last year, opened a 1,404-square-foot office for his new private art business, company officials said.
The modernist masterpiece by architects Ludwig Mies van der Rohe and Philip Johnson “has been selected by many of the world’s premiere financial services firms, hedge funds, private equity firms and sovereign wealth funds for its unparalleled combination of classic architecture, tasteful aesthetics and ambience, service and location,” says an RFR release announcing the two deals.
Steve Morrows, RFR’s director of leasing, negotiated on behalf of the landlord in-house, while Christine Traina and Ricellys Betances of Douglas Elliman represented Yakima and Mr. Meyer represented his company, RFR officials said.
Rents in the Seagram Building run from $165 to $170 per square foot, Crain’s New York Business previously reported. Representatives for Douglas Elliman didn’t immediately respond to a request for comment and efforts to contact Mr. Meyer were unsuccessful.