Deals
Midtown Manhattan's IBM Building Is for Sale
- Madison Avenue tower could fetch $1.3 billion in a full sale
- Computer giant is the biggest tenant in the 43-story tower
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The IBM Building in midtown Manhattan is for sale and could fetch more than $1.3 billion, a person with knowledge of the offering said.
The owner of the 43-story tower at 590 Madison Ave. would also consider selling a partial interest, according to the person, who asked not to be identified because the matter is private. State Teachers Retirement System of Ohio bought a stake in the property in 1994 and the remaining share three years later, the person said.