RFR Realty Announces 12 New and Renewed Leases at the Seagram Building, 375 Park Avenue

May 2003

In a market where office buildings in New York are now typically experiencing little leasing activity, the Seagram Building proves it is still among the most sought-after corporate locations in all of New York. The team of Steve Morrows, RFR Realty's Vice President of Leasing for the Seagram Building, along with RFR Realty Senior Vice President Richard Farley and Vice President David Panzirer has just negotiated 12 new and renewed leases at the property.

"The clamor for space at this building is amazing," said Mr. Morrows. "Just since the beginning of the year our team has completed a dozen deals. That goes to prove that well-located, well-maintained office space with the best amenities will succeed in any market."

The new leases at the Seagram Building are:

* Moore North America, Inc., a commercial printing company,
for 5,146 square feet on the 26th floor. Dan Knopf of Insignia ESG represented the tenant.

* Werner Sobek, a world-renowned engineer, for 1,534 square feet on the eighth floor. Debra Schwartz Real Estate represented the tenant.

* Whitney Communications, a media company, for 3,631 square feet on the 38th floor. Mike Elkin of Interactive
Properties represented the tenant.

* Epic Advisors, a money management firm, for 1,764 square feet on the 19th floor. Kevin Daley of Cushman &
Wakefield represented the tenant.

* Mazama Capital, Inc., a money management firm, for 2,090 square feet on the 19th floor. Lance Korman of Newmark represented the tenant.

* Sun Capital, a money management firm, for 3,236 square feet on the 13th floor. The firm represented itself in the lease negotiations.

The lease renewals at the Seagram Building are:

* Martin Bauman Associates, an executive search firm for 3,087 square feet on the 20th floor.
* Wohabe Partners, attorneys, for 1,565 square feet on the 35th floor.
* Eleanor Naylor Dana Trust, a charitable foundation, for 1,555 square feet on the 38th floor.
* Sperry, a money management firm, for 6,372 square feet of space on the 38th floor.
* Cartoon News, Inc., a political cartoonist, for 1,938 square feet on the 13trh floor.
* Seiden/Kreiger Associates, an executive recruitment firm, with a renewal/expansion lease for 1,538 square feet on the 10th floor.

RFR Realty LLC is a full-service leasing and management company. RFR is one of Manhattan's fastest growing commercial real estate owners with a portfolio comprising approximately six million square feet in Manhattan, including The Seagram Building at 375 Park Avenue, Lever House at 390 Park Avenue and the newly acquired Sotheby's Building at 1334 York Avenue.