1 Madison Avenue, located in the Manhattan market, is an office asset involved in a lease transaction where Sigma Computing has expanded its footprint. The total square footage of the lease is 92,363 square feet at an asking rent of $118 per square foot, under an 11-year lease term.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $118/ft
• Address: 1 Madison Avenue
• Market: Manhattan
• Lease Term: 11 years
• Landlord: Marc Holliday - SL Green
• Tenant: Mike Palmer - Sigma Computing
• Landlord's Representatives: Paul Glickman, Alexander Chudnoff, Benjamin Bass & Diana Biasotti - JLL
• Tenant's Representatives: Brent Ozarowski & Jeff Rodgers - Newmark

In this transaction, Sigma Computing's notable expansion occurs just four months after an initial lease of 64,077 square feet at the same location, reflecting a strategic growth initiative within its office space requirements.