Flutter Entertainment, a leading Irish conglomerate in the fantasy sports and gambling industry, is set to expand its presence in the Flatiron District with a new office space. The company has signed a 12-year lease for 35,898 square feet on the 23rd floor of One Madison Avenue, an office building owned by SL Green Realty.
As part of their growth strategy, Flutter Entertainment will use this space to house one of its subsidiaries. While the specific brand that will occupy the new office has not been disclosed, it is clear that this move represents an important step forward for Flutter Entertainment as they continue to expand their operations in the United States.
JLL brokered the deal between Flutter Entertainment and SL Green, with both parties working together to negotiate terms. The building, also known as MetLife Tower, underwent extensive renovations earlier this year, including the addition of a new 500,000-square-foot glass tower that was completed in September. Recent leases signed by companies like IBM and Palo Alto Networks have helped to fill up the space at One Madison Avenue, which is now at 63% occupancy.
One Madison Avenue is quickly becoming a hub for major companies in various industries. Its strategic location in the heart of Manhattan makes it an attractive option for businesses looking to establish a strong presence in New York City. As developments continue to unfold at One Madison Avenue, it is clear that this location will continue to play an important role in shaping the future of business in New York City.
Flutter Entertainment’s expansion into the Flatiron District represents an exciting opportunity for both the company and the district itself. With its growing presence in the United States and its commitment to innovation and growth, Flutter Entertainment is well positioned to take advantage of this opportunity and continue its success as a leader in the fantasy sports and gambling industry.
The future looks promising for both Flutter Entertainment and One Madison Avenue as they move forward with this new venture together.
