IBM has signed a lease extension to acquire more space at its flagship office at One Madison Avenue in Midtown South, Manhattan.
The expansion is for another 92,663 square feet to take its total occupancy at the property to 362,092 square feet. The deal, with Manhattan's largest landlord, SL Green Realty Corp., will be for 15 years and give the tech giant the whole 7th floor.
One Madison Avenue is 72 percent leased, which includes other major tenants such as Franklin Templeton, and Palo Alto Networks.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
