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IBM, Franklin Templeton in Talks to Anchor NYC’s One Madison

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International Business Machines Corp. and Franklin Templeton are in talks to relocate their New York City headquarters to a $2.3 billion office project in the Flatiron district.

The companies are both exploring large leases at One Madison, according to people familiar with the matter, who asked not to be named because the negotiations are private. No deal is done and the talks may fall apart.