Adams opens new campaign headquarters in SL Green building with significant support from real estate company.

Mayor Eric Adams has inaugurated his new campaign headquarters in the Graybar Building on Lexington Avenue, owned by SL Green, the city’s largest commercial landlord and a notable supporter of his administration. This move underscores Adams’ strategic relations with influential figures in the real estate sector as he gears up for a challenging reelection campaign.

Marc Holliday, the CEO of SL Green, has been a longtime ally of Adams, providing essential connections within New York’s prominent real estate landscape. During the previous Democratic mayoral primary, Adams’ main opponent, Andrew Cuomo, sought financial support from various real estate factions, including Holliday. Following Cuomo’s loss in the primaries, Holliday has pivoted his support firmly toward Adams, who will be running on an independent line in the upcoming general election.

Last week, Holliday hosted a fundraiser for Adams at One Madison, SL Green’s flagship skyscraper in the Flatiron District, where the Mayor attracted a significant contribution of nearly million from hundreds of supporters. This financial boost comes as Adams prepares to face formidable contenders, including socialist candidate Zohran Mamdani and Cuomo, who announced his intention to remain in the race on an independent ticket.

Adams’ choice of the Graybar Building as his campaign’s headquarters emphasizes the ongoing partnership between his administration and SL Green. A source briefed on the arrangements indicated that Adams’ campaign is renting the space at a monthly rate of per square foot, while SL Green typically lists similar properties in the building for between and per square foot. The total square footage rented by the campaign has not been disclosed.

In light of his recent indictment on corruption charges, Adams appears to be rallying support from New York’s deep-pocketed real estate establishments. Despite a challenging political landscape, evidenced by polling trends and scrutiny concerning his past dealings, the recent fundraising efforts suggest that Adams is still able to garner substantial financial backing.

Over the years, Holliday has been a consistent donor to Adams, contributing nearly ,000 to his 2025 campaign alone. Additionally, Holliday’s involvement and support have not gone unnoticed, drawing attention from watchdog organizations that raise concerns about potential ethical issues stemming from the overlapping interests of candidates and their financial backers. John Kaehny, a veteran government accountability advocate, described the lease arrangement as “sleazy,” emphasizing the vulnerabilities that such associations create for ethical governance.

Adams’ campaign aims to leverage connections in the real estate realm, particularly as SL Green pushes forward with plans to establish a casino in Times Square, a project that is highly lucrative and under consideration by state officials. With Adams’ administration expected to play a role in the decision-making process, the dynamics of these interests may continue to shape the political landscape as the election approaches.

As the campaign unfolds, Adams’ team remains optimistic about their ability to effectively organize and engage voters. The newly established headquarters and Holliday’s backing mark significant steps as the mayor seeks to solidify his position amid growing competition and scrutiny.