IBM is relocating its thousands of Big Apple employees from ten different addresses to One Madison Avenue.
In a monumental Manhattan upheaval, IBM is relocating its thousands of Big Apple employees from ten different addresses into one – namely, to One Madison Avenue. The 328,000 square-foot lease was signed just hours ago on Monday and appears to be the largest new lease in the city so far this year.
The Post called the project a risky, “$2.3 billion speculative plunge” by the developer in December 2020, when the city’s commercial world was shut down and no one knew what the future might hold. “They took a pause during Covid-19,” Durels said. “Once IBM decided on their new real estate requirements, they re-engaged us.”Durels said that SL Green CEO Marc Holliday and IBM CEO Arvind Krishna “met face to face once there was a clear consensus that One Madison had everything the company wanted to bring its employees back to the office,” Durels said.
IBM vice-president of enterprise operations and services Joanne Wright said the new location “will create a modern and dynamic experience for our employees, our clients and our ecosystem partners” and “help to attract the kind of talent we need to keep IBM at the vanguard of innovation.”
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