Content area
Full Text
NEW YORK, Dec. 15 /PRNewswire/ -- Officials of TIAA-CREF, one of the nation's largest financial services organizations, announced today that TIAA, the insurance company component of the organization, has sold the famed Seagram Building in midtown Manhattan to RFR Holding. The sale of the thirty-eight story office building, located at 375 Park Avenue between 52nd and 53rd Streets, closed December 14 following months of negotiations with various bidders as New York's real estate market continued its strong performance.
Joseph W. Luik, senior managing director of TIAA-CREF's Mortgage and Real Estate Division, hailed the sale to RFR Holding, citing that organization's "firm commitment to continue the excellent standards established...