You will be redirected back to your article in seconds

Seagram Building for sale

Move not related to company's merger with Vivendi, source says

NEW YORK — Gotham’s Seagram Building, corporate headquarters of the Seagram Co., has been quietly put up for sale by its owner, the Teachers Insurance & Annuity Assn.-College Retirement Equities Fund, sources said.

But Seagram’s lease has many more years to run, according to a source familiar with the situation, and the move is not related to the company’s merger with French conglom Vivendi. Seagram has several hundred employees at the midtown building, which the company sold to TIAA in 1979.

Universal Music is housed at 775 Broadway, and Seagram’s beverage group works mostly out of 800 Third Ave.

The giant pension fund has apparently asked the building’s management agent to consider offers for the property, which may be in need of some costly renovations. Other tenants include the Four Seasons restaurant and NASCAR.

The Seagram building, designed by German architect Ludwig Mies van der Rohe, opened in 1958.

More Biz

  • Harvey Weinstein ousted

    Weinstein Co. Adds Board Member to Navigate Bankruptcy Sale

    NEW YORK — Gotham’s Seagram Building, corporate headquarters of the Seagram Co., has been quietly put up for sale by its owner, the Teachers Insurance & Annuity Assn.-College Retirement Equities Fund, sources said. But Seagram’s lease has many more years to run, according to a source familiar with the situation, and the move is not […]

  • Allison Mack

    'Smallville' Actress Allison Mack Arrested in Sex Cult Case

    NEW YORK — Gotham’s Seagram Building, corporate headquarters of the Seagram Co., has been quietly put up for sale by its owner, the Teachers Insurance & Annuity Assn.-College Retirement Equities Fund, sources said. But Seagram’s lease has many more years to run, according to a source familiar with the situation, and the move is not […]

  • Harvey Weinstein

    Harvey Weinstein Still Seeking His Emails to Combat Sexual Assault Claims

    NEW YORK — Gotham’s Seagram Building, corporate headquarters of the Seagram Co., has been quietly put up for sale by its owner, the Teachers Insurance & Annuity Assn.-College Retirement Equities Fund, sources said. But Seagram’s lease has many more years to run, according to a source familiar with the situation, and the move is not […]

  • ynon-kreiz

    Media Exec Ynon Kreiz Named CEO of Mattel

    NEW YORK — Gotham’s Seagram Building, corporate headquarters of the Seagram Co., has been quietly put up for sale by its owner, the Teachers Insurance & Annuity Assn.-College Retirement Equities Fund, sources said. But Seagram’s lease has many more years to run, according to a source familiar with the situation, and the move is not […]

  • courtney braun

    Courtney Braun Named Head of Legal Affairs for Endeavor

    NEW YORK — Gotham’s Seagram Building, corporate headquarters of the Seagram Co., has been quietly put up for sale by its owner, the Teachers Insurance & Annuity Assn.-College Retirement Equities Fund, sources said. But Seagram’s lease has many more years to run, according to a source familiar with the situation, and the move is not […]

  • Randall Stephenson

    AT&T-Time Warner Trial: Randall Stephenson Takes Stand and Defends Merger

    NEW YORK — Gotham’s Seagram Building, corporate headquarters of the Seagram Co., has been quietly put up for sale by its owner, the Teachers Insurance & Annuity Assn.-College Retirement Equities Fund, sources said. But Seagram’s lease has many more years to run, according to a source familiar with the situation, and the move is not […]

More From Our Brands

Access exclusive content