WarnerMedia is reportedly expanding its presence on the West Side. The Real Deal reported Wednesday that the company—part of AT&T through a 2018 megamerger—has signed a lease for 20,000 square feet at an office building at 512 West 22nd Street. The 11-story office tower near the High Line was recently completed by Vornado Realty Trust.
WarnerMedia already leases approximately 1.5 million square feet nearby at Related Cos. and Oxford Properties’ Hudson Yards. WarnerMedia initially held a stake in its Hudson Yards office but sold its part in the property to Related and partner Allianz SE in April for $2.2 billion. The sale-leaseback deal is the largest property sale of 2019, by price tag.Read Complete Article