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Blue Owl Signs Park Avenue Office Lease in Manhattan Expansion

Private equity firm takes space at landmark Seagram Building alongside other financial companies.

Private equity shop Blue Owl Capital Inc. is expanding its offices in Manhattan with a lease at Park Avenue’s landmark Seagram Building. 

The Manhattan-based firm, with more than $119 billion in assets under management, is taking 137,660 square feet (12,800 square meters) of space in the tower at 375 Park Ave. Its landlord, Aby Rosen’s RFR Holding LLC, has signed a total of 375,000 square feet of leases this year at the 38-story building with tenants including Clayton, Dubilier & Rice, Sound Point Capital Management and Teachers Insurance and Annuity Association of America, which plans to use the space for Churchill Asset Management. 

“Blue Owl’s early success is in no small part fueled by the hard work and myriad contributions of our many dedicated colleagues,” co-founder Marc Lipschultz said in a statement. “Creating a first-class office environment where our people can collaborate is integral to Blue Owl’s corporate culture, and we are delighted that we were able to partner with Aby and the rest of the RFR team to help fuel our continued expansion.”