Loeb & Loeb represented SL Green Realty, Manhattan’s largest office landlord, in connection with the signing of a 16-year, 328,000 square-foot lease at One Madison Avenue, New York City, to International Business Machines Corporation (IBM). The lease covers portions of floors two and seven, entire floors eight through 10 and a portion of the ground floor where IBM will have an exclusive lobby entrance, creating a building within a building experience.
One Madison Avenue is SL Green’s latest world-class development scheduled for completion in November 2023. The 1.4 million square-foot Midtown South office tower is located adjacent to Madison Square Park and its eye-catching design and amazing outdoor spaces will provide the highest standard for today’s workplace with state-of-the-art infrastructure, forward-thinking amenities and a cutting-edge healthy work environment.
The Loeb team that represented SL Green included partner Raymond Sanseverino, chair of the firm’s Real Estate practice, partner Nichole Cortese, chair of the Commercial Real Estate Leasing practice, and Real Estate associate Talia Englander.