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Related Buys WarnerMedia’s Hudson Yards Space in $2.2B Sale Leaseback

WarnerMedia will lease the 1.5 million square feet of office space until early 2034.

30 Hudson Yards rendering/ Image courtesy of Hudson Yards 30 Hudson Yards rendering/ Image courtesy of Hudson Yards

NEW YORK CITY—An affiliate of Related Companies has entered a contract to purchase WarnerMedia’s 1.5 million square-foot office condominium at 30 Hudson Yards for approximately $2.2 billion. Related is the developer of Hudson Yards.

In 2014, WarnerMedia became a partner in the development of the building. As part of the new agreement, Related will lease back the space to WarnerMedia until early 2034. WarnerMedia’s global headquarters will occupy 26 floors of the 73-floor skyscraper.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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