{"id":1004184560,"date":"2017-07-20T07:17:38","date_gmt":"2017-07-20T15:17:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004184560"},"modified":"2022-12-08T19:10:16","modified_gmt":"2022-12-09T03:10:16","slug":"former-ibm-building-secures-new-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/","title":{"rendered":"Former IBM Building Secures New Tenant"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004184561\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/590-Madison-Ave.-in-New-York.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004184561\" data-attachment-id=\"1004184561\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/590-madison-ave-in-new-york\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/590-Madison-Ave.-in-New-York-e1500542879936.jpg\" data-orig-size=\"1595,1195\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"590 Madison Ave. in New York\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;590 Madison Ave. in New York&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/590-Madison-Ave.-in-New-York-e1500542879936.jpg?w=1024\" class=\"wp-image-1004184561 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/590-Madison-Ave.-in-New-York-e1500542879936.jpg\" alt=\"590 Madison Ave. in New York\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/590-Madison-Ave.-in-New-York-e1500542879936.jpg 1595w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/590-Madison-Ave.-in-New-York-e1500542879936.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/590-Madison-Ave.-in-New-York-e1500542879936.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/590-Madison-Ave.-in-New-York-e1500542879936.jpg?resize=1024,767 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/590-Madison-Ave.-in-New-York-e1500542879936.jpg?resize=1536,1151 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004184561\" class=\"wp-caption-text\">590 Madison Ave., New York<\/p><\/div>\n<p>Two months after Colony Northstar leased part of the 33rd and 34th floors of <a href=\"https:\/\/www.commercialsearch.com\/news\/colony-northstar-signs-record-deal-at-manhattan-skyscraper\/\">590 Madison Ave.<\/a>, Greenspoon Marder has relocated its New York office to the 41-story building. The law firm occupies the 18th floor, encompassing nearly 25,000 square feet of office space. According to Yardi Matrix data, the property is 19.5 percent vacant.<\/p>\n<h2>Attractive location<\/h2>\n<p>Previously known as the IBM Building, the 1 million-square-foot asset is located in the middle of Manhattan\u2019s Plaza District and in the proximity of multiple bus stations, subways, retailers and restaurants. Tenants at 590 Madison Ave., include IBM, Crowell &amp; Moring and Aspen Insurance. According to Yardi Matrix data, the average rent is approximately $120 per square foot. Completed in 1981, the property was renovated in 2014. Owned by the State Teachers Retirement System of Ohio, the office tower is managed by Edward J. Minskoff Equities, while CBRE is in charge of leasing. The building features 42,193 square feet of retail space on the first and second floor, a three-story atrium and 78 subterranean parking spaces.<\/p>\n<p><em>\u201cExpanding our capabilities and breadth of practice in the New York market is key to our financial services clients and beyond,\u201d<\/em> Gerald Greenspoon, co-managing director &amp; co-founder of Greenspoon Marder, said in a prepared statement.<\/p>\n<p><em>Image courtesy of State Teachers Retirement System of Ohio<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expanding its New York operations, law firm Greenspoon Marder has leased some 25,000 square feet of space at 590 Madison Ave. The property is currently 80.5 percent occupied.<\/p>\n","protected":false},"author":753,"featured_media":1004505947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[32789,36854,36853,35302],"class_list":["post-1004184560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-crowell-moring","tag-ibm-building","tag-state-teachers-retirement-system"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Former IBM Building Secures New Tenant - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former IBM Building Secures New Tenant\" \/>\n<meta property=\"og:description\" content=\"Expanding its New York operations, law firm Greenspoon Marder has leased some 25,000 square feet of space at 590 Madison Ave. The property is currently 80.5 percent occupied.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-20T15:17:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:10:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/590-Madison-Ave.-in-New-York.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1952\" \/>\n\t<meta property=\"og:image:height\" content=\"1198\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/\",\"name\":\"Former IBM Building Secures New Tenant - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/590-Madison-Ave.-in-New-York.jpg\",\"datePublished\":\"2017-07-20T15:17:38+00:00\",\"dateModified\":\"2022-12-09T03:10:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/590-Madison-Ave.-in-New-York.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/590-Madison-Ave.-in-New-York.jpg\",\"width\":1952,\"height\":1198},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Former IBM Building Secures New Tenant\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6\",\"name\":\"Razvan Cimpean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g\",\"caption\":\"Razvan Cimpean\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/razvancimpean\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Former IBM Building Secures New Tenant - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/","og_locale":"en_US","og_type":"article","og_title":"Former IBM Building Secures New Tenant","og_description":"Expanding its New York operations, law firm Greenspoon Marder has leased some 25,000 square feet of space at 590 Madison Ave. The property is currently 80.5 percent occupied.","og_url":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-07-20T15:17:38+00:00","article_modified_time":"2022-12-09T03:10:16+00:00","og_image":[{"width":1952,"height":1198,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/590-Madison-Ave.-in-New-York.jpg","type":"image\/jpeg"}],"author":"Razvan Cimpean","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/","url":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/","name":"Former IBM Building Secures New Tenant - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/590-Madison-Ave.-in-New-York.jpg","datePublished":"2017-07-20T15:17:38+00:00","dateModified":"2022-12-09T03:10:16+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/590-Madison-Ave.-in-New-York.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/590-Madison-Ave.-in-New-York.jpg","width":1952,"height":1198},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/former-ibm-building-secures-new-tenant\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Former IBM Building Secures New Tenant"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6","name":"Razvan Cimpean","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","caption":"Razvan Cimpean"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/razvancimpean\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/590-Madison-Ave.-in-New-York.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004184560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004184560"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004184560\/revisions"}],"predecessor-version":[{"id":1004184642,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004184560\/revisions\/1004184642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004505947"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004184560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004184560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004184560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}