WarnerMedia to Sell Hudson Yards Space for About $2.2 Billion, With Lease Through 2034
April 23 2019 - 8:48PM
Dow Jones News
By Josh Beckerman
WarnerMedia, the AT&T Inc. (T) unit that includes brands
such as HBO and CNN, has agreed to sell its office space at New
York's Hudson Yards development to a Related Cos. affiliate for
about $2.2 billion.
WarnerMedia has agreed to the lease the space at 30 Hudson Yards
through early 2034.
Real-estate firm Cushman & Wakefield previously said that
WarnerMedia was looking to raise about $2 billion from a
transaction.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 23, 2019 20:33 ET (00:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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