Brazilian Meat Processor Opening First NYC Offices in the Seagram Building
Rachel Butt Dec. 16, 2015, 5:04 p.m.
JBS USA Holdings, the United States arm of a Brazilian meat processing firm, is opening its first New York office at the Seagram Building between East 52nd and East 53rd Streets.
The company, based out of Greeley, Colo., has inked a lease for 18,214 square feet at 375 Park Avenue, according to a release from landlord RFR Realty.
The lease is for 10 years, according to Tito Ghose, who represented the tenant with colleague Dina Scheinman of Halstead Property. JBS’ office will occupy the entire 29th floor, as The New York Post first reported. Asking rents in the building are in the $170s per square foot.
“They want to be in a high-profile building and they are attracted to the built out space with minimal reconfiguration,” Mr. Ghose told Commercial Observer.
RFR leased out a total of 140,000 square feet in the building this year. Recent deals in the 38-story office building include marketing and communications agency MDC Acquisition Partners’s 3,180-square-foot lease and Chinese investment group Cindat Capital Management’s 2,691-square-foot lease. AQM Capital, an investment management firm, took 2,800 square feet.
“This has been a great year for 375 Park Avenue as we continue to attract and retain global business tenants,” AJ Camhi, who represented landlord RFR in-house, said in prepared remarks.
JLL‘s Matt Astrachan, Jon Fanuzzi and Matt Polhemus worked on the transaction with Mr. Camhi.