{"id":70309,"date":"2025-07-17T16:16:14","date_gmt":"2025-07-17T16:16:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/70309\/"},"modified":"2025-07-17T16:16:14","modified_gmt":"2025-07-17T16:16:14","slug":"sigma-computing-signs-64k-sf-lease-at-one-madison-avenue-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/70309\/","title":{"rendered":"Sigma Computing Signs 64K-SF Lease at One Madison Avenue \u2013 Commercial Observer"},"content":{"rendered":"

A business analytics firm is packing its bags at Zero Irving <\/b>and heading nine blocks north to a bigger office at SL Green Realty<\/a><\/b>\u2019s One Madison Avenue<\/b>.<\/p>\n

Just three years after signing a lease<\/a> at the brand-new development near Union Square<\/b> on East 14th Street, Sigma Computing<\/a><\/b> is expanding from 15,420 square feet to 64,077 square feet on the third floor of the building adjacent to Madison Square Park<\/b>, according to SL Green.<\/p>\n

SEE ALSO: Alexandria Lands Biggest Life Sciences Lease in Company History<\/a><\/p>\n

The landlord did not disclose the asking rent or the length of the lease in the deal, but average asking rent for office space in Midtown South was $84.10 per square foot in the second quarter of 2025, according to a report from CBRE<\/b><\/a>.<\/p>\n

\u201cSigma Computing\u2019s decision to establish its presence at One Madison Avenue is a testament to the visionary planning and long-term investment of ownership in creating a truly exceptional office environment,\u201d JLL<\/a><\/b>\u2019s Paul Glickman<\/b>, who represented the landlord alongside Alex<\/b> Chudnoff<\/b>, Ben<\/b> Bass<\/b> and Diana<\/b> Biasotti<\/b>, said in a statement. \u201cThey join a blue-chip lineup of tenants driving leasing at One Madison as it leverages the neighborhood\u2019s blend of creative energy, corporate credibility and unmatched access to talent to continue to attract forward-thinking businesses.\u201d<\/p>\n

Brent Ozarowski<\/b> of Newmark<\/a><\/b> negotiated on behalf of Sigma Computing, but did not respond to a request for comment.<\/p>\n

Other tenants in One Madison include IBM<\/b>, which recently expanded to 362,092 square feet in January<\/a>; Franklin<\/b> Templeton<\/b>; Coinbase<\/b> with 67,208 square feet signed for in April 2024<\/a>; Flutter<\/b> Entertainment<\/b>, which took 35,898 square feet the same month<\/a>; and Palo Alto Networks<\/b> with 28,903 square feet as of\u00a0 March 2023<\/a>, as Commercial Observer previously reported.<\/p>\n

Mark Hallum can be reached at mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"A business analytics firm is packing its bags at Zero Irving and heading nine blocks north to a…\n","protected":false},"author":3,"featured_media":70310,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[49422,49423,49424,745,49425,7745,49428,49426,49427,158,67,132,68],"class_list":{"0":"post-70309","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-alex-chudnoff","9":"tag-ben-bass","10":"tag-brent-ozarowski","11":"tag-computing","12":"tag-diana-biasotti","13":"tag-leases","14":"tag-office-leases","15":"tag-one-madison-avenue","16":"tag-paul-glickman-channel","17":"tag-technology","18":"tag-united-states","19":"tag-unitedstates","20":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114869474843870213","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/70309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=70309"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/70309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/70310"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=70309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=70309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=70309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}