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New York & Tri-State  + Downtown New York  + Office  |  April 15, 2024
Emily Fu
By: Emily Fu

Coinbase Signs 67K SF at One Madison 

Cryptocurrency exchange Coinbase signed an 11-year lease for 67,208 square feet across two floors at SL Green’s One Madison Avenue in the Flatiron District. The asking rent was not disclosed. 

Coinbase set a trend at the onset of the pandemic by declaring itself a “remote first” company in May 2020. Its revenue surged twofold that year to $1.3 billion amid Bitcoin’s soaring value. Subsequently, Coinbase made history as the first major cryptocurrency firm to go public in 2021. 

One Madison’s redevelopment, completed in September, attracted anchor tenants like IBM and Franklin Templeton Investments. JLL brokered both sides of the deal, with Paul Glickman, Benjamin Bass, Diana Biasotti and Alexander Chudnoff representing SL Green, while Todd Stracci and Steven Rotter arranged it for Coinbase. 

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Inside The Story

Paul Glickman

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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