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New York & Tri-State  + Downtown New York  + Office  |  September 9, 2024
Paul Bubny
By: Paul Bubny

IBM Cuts Ribbon on One Madison Avenue Offices

IBM on Friday celebrated the opening of its new flagship office at SL Green Realty Corp.’s redeveloped One Madison Ave. The new 270,000 square-foot office, which IBM leased in 2022, spans five floors and will be home to more than 2,000 New York-area employees.

“IBM is a global technology innovator leading the way in AI, automation and cloud-based solutions,” said Marc Holliday, SL Green chairman and CEO. “It embodies resiliency, grit and the spirit of progress and constant transformation. One Madison Avenue tracks the history and evolution of New York City and of IBM. We couldn’t be more proud to be home to their new flagship New York City office.”

The ribbon-cutting ceremony featured remarks from IBM CEO Arvind Krishna, Senate Majority Leader Chuck Schumer, New York Gov. Kathy Hochul, Partnership for New York City president and CEO Kathryn Wylde and others. The new space, which consolidates from other Manhattan locations, is expected to reach full occupancy in October.

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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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