Sigma Computing Leases 64000 Square Feet At One Madison Avenue From SL Green In Flatiron District

The property asset involved in this transaction is an office space located at 1 Madison Avenue in the Flatiron District of Manhattan. Sigma Computing has leased a total of 64,000 square feet in this facility, which has an asking rent of $115 per square foot. The occupancy of the 1.4 million-square-foot tower is now at 78% following this lease agreement.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $115/ft
• Square Footage: 64,000
• Address: 1 Madison Avenue
• Market: Flatiron District, Manhattan
• Landlord: Marc Holliday - SL Green
• Tenant: Mike Palmer - Sigma Computing
• Landlord's Representative: Paul Glickman, Alexander Chudnoff & Benjamin Bass - JLL
• Tenant's Representative: Brent Ozarowski - Newmark

The lease agreement was represented by a team of individuals, with Brent Ozarowski from Newmark representing Sigma Computing. Meanwhile, the landlord, SL Green, was represented by Paul Glickman, Alexander Chudnoff, and Benjamin Bass from JLL.