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AI Platform Clay Upsizes Manhattan Headquarters, Plans to Hire 500

Clay, a New York City-founded artificial intelligence go-to-market platform, will significantly expand its headquarters in Manhattan, leasing 163,095 square feet of office space at SL Green Realty Corp.’s 11 Madison Ave. in the Flatiron District. To support the project, Empire State Development (ESD) is offering Clay up to $9,960,000 in performance-based Excelsior Jobs Program tax credits in exchange for the company creating 498 new full-time jobs over five years and investing $50 million in research and development activity in New York State.

ESD President, CEO and Commissioner Hope Knight said, “Clay’s expansion is a strong signal that New York continues to be a destination where innovative companies can start, scale, and succeed. By deepening its presence in New York City, Clay is creating high-quality jobs and advancing cutting-edge work in artificial intelligence.”

A Newmark agency leasing team led by executive vice chairman Brian Waterman represented SL Green in the lease.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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