{"id":16673,"date":"2025-07-17T15:33:04","date_gmt":"2025-07-17T15:33:04","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/16673\/"},"modified":"2025-07-17T15:33:04","modified_gmt":"2025-07-17T15:33:04","slug":"sigma-computing-signs-64k-sf-lease-at-one-madison-avenue-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/16673\/","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 and heading nine blocks north to a bigger office at SL Green Realty<\/a>\u2019s One Madison Avenue.<\/p>\n

Just three years after signing a lease<\/a> at the brand-new development near Union Square on East 14th Street, Sigma Computing<\/a> is expanding from 15,420 square feet to 64,077 square feet on the third floor of the building adjacent to Madison Square Park, 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<\/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>\u2019s Paul Glickman, who represented the landlord alongside Alex Chudnoff, Ben Bass and Diana Biasotti, 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 of Newmark<\/a> negotiated on behalf of Sigma Computing, but did not respond to a request for comment.<\/p>\n

Other tenants in One Madison include IBM, which recently expanded to 362,092 square feet in January<\/a>; Franklin Templeton; Coinbase with 67,208 square feet signed for in April 2024<\/a>; Flutter Entertainment, which took 35,898 square feet the same month<\/a>; and Palo Alto Networks 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":2,"featured_media":16674,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[15732,15733,15734,191,15735,15737,15738,14078,15736,74],"class_list":{"0":"post-16673","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"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/16673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=16673"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/16673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/16674"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=16673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=16673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=16673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}