New York City, January 22, 2026
MIC Capital Partners has significantly expanded its office space at the Seagram Building in New York City, now occupying 54,642 square feet across three floors. This expansion is viewed as a strong commitment to the city’s real estate market and an indicator of continued investor confidence in New York. The Seagram Building remains a prestigious location for high-profile tenants, and MIC Capital’s growth reflects the ongoing development of the local business ecosystem, emphasizing the importance of fostering entrepreneurial innovation.
MIC Capital Partners Expands Office Space at Seagram Building
Growing Firm Reinforces Commitment to New York’s Premier Office Location
New York City, January 22, 2026 – In a testament to the resilience of the business community and the ongoing allure of New York City, MIC Capital Partners has expanded its office space within the iconic Seagram Building at 375 Park Avenue. This recent move not only highlights the confidence that major investors have in the city but also serves as an encouraging sign for local entrepreneurs and businesses striving to create a vibrant economic environment.
The expansion follows a lease extension negotiated in May 2025, where MIC Capital added an additional 18,214 square feet, bringing the total at that time to 36,428 square feet. Now, the firm has extended its commitment to 54,642 square feet across three full floors, marking a significant investment in a city that is known for its challenging business landscape.
The Seagram Building: A Symbol of Architectural Excellence
Renowned not only for its aesthetic appeal but also for its strategic location in Midtown Manhattan, the Seagram Building has become a hub for leading financial and investment firms. With its architectural significance, this 38-story office tower stands as a prime example of the kind of real estate that continues to attract high-profile tenants. Other notable occupants of the building include Blue Owl Capital and Advent International, both of which have also expanded their footprints in recent years.
The Role of RFR Realty in Managing the Seagram Building
Owned by RFR Realty, the Seagram Building has remained a focal point of interest for investors and tenants alike. RFR Realty has actively managed and leased space within the building, ensuring it maintains high occupancy rates while attracting reputable companies. This strategic management approach fosters a competitive marketplace, which can lead to reduced rents and improved services for tenants.
Implications of MIC Capital Partners’ Growth
The expansion by MIC Capital Partners signals more than just a growing firm; it demonstrates the continuing appeal of investment in New York City as a favorable environment for private equity and financial services. With a firm like Mubadala Investment Company backing MIC, the message is clear: New York remains a preferred destination for serious investment opportunities.
Encouraging Economic Growth and Entrepreneurial Innovation
MIC Capital Partners’ long-term commitment, manifesting in a 25-year lease, not only brings more jobs to the area but also reinforces the city’s standing as a global financial hub. Such investments underscore the importance of a business-friendly regulatory environment that fosters innovation and supports entrepreneurial endeavors. The expansion encourages other firms to consider New York for their headquarters, contributing to local economic growth.
Conclusion: Supporting Local Businesses
In conclusion, MIC Capital Partners’ decision to increase its office space at the Seagram Building reflects broader trends of growth and stability in New York City’s business ecosystem. As seasoned investors continue to recognize the city’s potential, local entrepreneurs can take inspiration from these moves. It is essential that we support our local businesses and advocate for policies that encourage economic growth to ensure that New York continues to thrive.
Frequently Asked Questions (FAQ)
What is MIC Capital Partners?
MIC Capital Partners is the private equity arm of Mubadala Investment Company, a sovereign wealth fund based in Abu Dhabi, United Arab Emirates.
What is the Seagram Building?
The Seagram Building is a 38-story office tower located at 375 Park Avenue in Midtown Manhattan, known for its architectural significance and prime location.
How much office space has MIC Capital Partners leased at the Seagram Building?
MIC Capital Partners has expanded its office space at the Seagram Building to a total of 54,642 square feet across three full floors.
Who are other tenants at the Seagram Building?
Other tenants at the Seagram Building include Blue Owl Capital, which expanded its footprint to 238,673 square feet in October 2024, and Advent International, which leased 34,000 square feet in February 2024.
Who owns the Seagram Building?
The Seagram Building is owned by RFR Realty, a real estate investment firm.
Why is the Seagram Building considered a premier office location?
The Seagram Building is considered a premier office location due to its architectural significance, prime location in Midtown Manhattan, and high occupancy rates with high-profile tenants.
What does MIC Capital Partners’ expansion signify?
MIC Capital Partners’ expansion reflects the firm’s growth and the continued appeal of the Seagram Building as a premier office location in New York City.
Key Features of MIC Capital Partners’ Expansion at Seagram Building
| Feature | Details |
|---|---|
| Tenant | MIC Capital Partners |
| Parent Company | Mubadala Investment Company |
| Location | Seagram Building, 375 Park Avenue, Midtown Manhattan, New York City |
| Total Leased Space | 54,642 square feet across three full floors |
| Previous Lease Extension | May 2025, added 18,214 square feet, bringing total to 36,428 square feet |
| Current Lease Extension | Added 18,214 square feet, bringing total to 54,642 square feet |
| Lease Term | 25 years |
| Building Owner | RFR Realty |
| Other Tenants | Blue Owl Capital, Advent International |
Now Happening on X
- @NYBizJournal (Jan 21, 2026): MIC Capital Partners has tripled its space at the Seagram Building since first moving in during 2018. View on X
- @NYBizJournal (Jan 22, 2026): MIC Capital Partners has tripled its space at the Seagram Building since first moving in during 2018. View on X
- @commobserver (Jan 21, 2026): MIC Capital Partners Grows to 55K SF at 375 Park Avenue. View on X
- @NREBusiness (Jan 20, 2026): ING Americas Signs 30,783 SF Office Lease Expansion in Manhattan. View on X
- @NextHomeRes (Jan 21, 2026): Multifamily AI firm inks 109k sf lease in Midtown Manhattan. View on X
- @Loeb_LoebLLP (Jan 16, 2026): Loeb partner represented Global Holdings in an 11-year lease renewal with Bloomberg LP for approximately 495,753 square feet at 120 Park Avenue in Midtown Manhattan, the fifth-largest office lease in NYC for 2025. View on X
- @sergekozhukhar (Jan 15, 2026): The K-shaped economy is evident in NYC’s commercial office market, with leases for Manhattan office space priced at $100 or more per sq ft reaching an all-time high of 6.8 million square feet in 2025, up 50%. View on X
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