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IBM Re-Ups 158,000-SF Mad. Ave. Space in $100M-Plus Deal

NEW YORK CITY-The new 10-year lease keeps Big Blue on six full floors of the 43-story office tower. Minskoff Equities owns the one million-sf Black Granite landmark, which was once fully occupied by IBM.

By Glen Thompson | Updated on March 06, 2003

NEW YORK CITY-IBM has re-upped at 590 Madison Ave., the IBM Building, in a 10-year deal valued at more than $100 million, industry sources tell GlobeSt.com. The firm occupies the third floor as well as floors 12 through 17 in the one million-sf Minskoff Equities-owned office tower at 57th Street and Madison Avenue.

Grubb & Ellis senior managing director Jeffrey Rosenblatt, director David Mickool and senior associate Pedro Coto represented IBM. Minskoff was self-represented.

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