{"id":3354,"date":"2024-07-15T07:28:06","date_gmt":"2024-07-15T07:28:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=3354"},"modified":"2024-07-15T07:28:06","modified_gmt":"2024-07-15T07:28:06","slug":"new-deals-highlight-hudson-yards-modern-appeal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/","title":{"rendered":"New Deals Highlight Hudson Yards\u2019 Modern Appeal Amid Warner Bros. Discovery\u2019s Space Shake-Up"},"content":{"rendered":"

Two recent deals at 30 Hudson Yards continue to demonstrate the growing preference by tenants for newer buildings versus older ones. Warner Bros. Discovery (WBD) \u2014 the largest tenant at the 2.6-million-square-foot Midtown Manhattan property \u2014 has been consolidating its operations following the merger of AT&T\u2019s Warner Media with Discovery. As a result, up to 310,000 square feet of its 1.4 million square feet at the property were freed and quickly snatched up by new tenants.<\/p>\n

Trading firm Susquehanna International Group has agreed to sublease approximately 74,000 square feet from WBD at 30 Hudson Yards. The investment trading company will occupy one floor after relocating from 140 Broadway in downtown Manhattan, where it currently occupies 54,000 square feet.<\/p>\n

In addition, law firm Covington & Burling has agreed to sublease just more than 235,000 square feet from WBD at a rent of $112 per square foot. Covington & Burling will be expanding from its current 200,000-square-foot office at 620 Eighth Ave. (The New York Times Building), which it will vacate next year. Both deals include a sublease period from WBD before transitioning to a direct lease once WBD\u2019s lease expires in 2034.<\/p>\n

WBD initially purchased the office condo from Related in 2014, before Related bought it back with Allianz in 2019. AT&T sold WarnerMedia to Discovery in 2022, leading to the subleasing of about 450,000 square feet at 30 Hudson Yards. Despite the subleasing activity, WBD still maintains the largest presence in the tower with five floors totaling 300,000 square feet for CNN. Other corporate occupants of 30 Hudson Yards include KKR, Wells Fargo and Related\u2019s own headquarters, all of which own their spaces as condo units.<\/p>\n

Along with the lease deals, Related plans to redesign the tower\u2019s ground-floor lobby; sky lobby; and other amenities, including a previously unused, high-floor, outdoor terrace.<\/p>\n

CBRE represented WBD with a team of Robert Alexander, Anthony Manginelli, Taylor Callaghan and Ryan Alexander. Newmark\u2019s Brian Goldman, Ross Perlman and Matthew Lorberbaum acted on behalf of Susquehanna International Group. Savills\u2019 Matthew Barlow and Steve Barker represented Covington & Burling.<\/p>\n

\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Office space in New York City<\/a><\/td>Office space in Phoenix<\/a><\/td>Office space in San Francisco<\/a><\/td>\n<\/tr>\n
Office space in San Antonio<\/a><\/td>Office space in Atlanta<\/a><\/td>Office space in San Diego<\/a><\/td>\n<\/tr>\n
Office space in Manhattan<\/a><\/td>Office space in Austin<\/a><\/td>Office space in Las Vegas<\/a><\/td>\n<\/tr>\n
Office space in Fort Worth<\/a><\/td>Office space in Boston<\/a><\/td>Office space in Seattle<\/a><\/td>\n<\/tr>\n
Office space in Portland<\/a><\/td>Office space in Miami<\/a><\/td>Office space in Philadelphia<\/a><\/td>\n<\/tr>\n
Office space in Dallas<\/a><\/td>Office space in Chicago<\/a><\/td>Office space in Denver<\/a><\/td>\n<\/tr>\n
Office space in Houston<\/a><\/td>Office space in Los Angeles<\/a><\/td>Office space in Arlington<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Two recent deals at 30 Hudson Yards continue to demonstrate the growing preference by tenants for newer buildings versus older ones. Warner Bros. Discovery (WBD) \u2014 the largest tenant at the 2.6-million-square-foot Midtown Manhattan property \u2014 has been consolidating its operations following the merger of AT&T\u2019s Warner Media with Discovery. As a result, up to 310,000 square feet of its 1.4 million square feet at the property were freed and quickly snatched up by new tenants. Trading firm Susquehanna International Group has agreed to sublease approximately 74,000 square feet from WBD at 30 Hudson Yards. The investment trading company will…<\/p>\n","protected":false},"author":3163,"featured_media":3355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[71],"class_list":["post-3354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office-news","tag-manhattan-ny"],"acf":[],"yoast_head":"\nWarner Bros. Discovery Dual Subleases at Hudson Yards<\/title>\n<meta name=\"description\" content=\"Warner Bros. Discovery's subleases at 30 Hudson Yards bring in Susquehanna International Group and Covington & Burling\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warner Bros. Discovery Dual Subleases at Hudson Yards\" \/>\n<meta property=\"og:description\" content=\"Warner Bros. Discovery's subleases at 30 Hudson Yards bring in Susquehanna International Group and Covington & Burling\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialSearch\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-15T07:28:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/07\/30-Hudson-Yards.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1300\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Preston\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matthew Preston\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/\",\"name\":\"Warner Bros. Discovery Dual Subleases at Hudson Yards\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/07\/30-Hudson-Yards.jpg\",\"datePublished\":\"2024-07-15T07:28:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80\"},\"description\":\"Warner Bros. Discovery's subleases at 30 Hudson Yards bring in Susquehanna International Group and Covington & Burling\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/07\/30-Hudson-Yards.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/07\/30-Hudson-Yards.jpg\",\"width\":1300,\"height\":800,\"caption\":\"view across Manhattan\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Deals Highlight Hudson Yards\u2019 Modern Appeal Amid Warner Bros. Discovery\u2019s Space Shake-Up\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/\",\"name\":\"CommercialSearch\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80\",\"name\":\"Matthew Preston\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g\",\"caption\":\"Matthew Preston\"},\"description\":\"Matthew has covered commercial real estate for CommercialCafe since 2022. He focuses on the office and industrial sectors, reporting on leasing, development, and investment across national markets and individual submarkets. His work draws on data and original research. He also writes about demographic shifts and urban innovation in U.S. cities. The New York Times, The Real Deal, Bisnow, The Business Journals, and Yahoo Finance have cited his reporting.\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/author\/matthew-preston\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Warner Bros. Discovery Dual Subleases at Hudson Yards","description":"Warner Bros. Discovery's subleases at 30 Hudson Yards bring in Susquehanna International Group and Covington & Burling","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/","og_locale":"en_US","og_type":"article","og_title":"Warner Bros. Discovery Dual Subleases at Hudson Yards","og_description":"Warner Bros. Discovery's subleases at 30 Hudson Yards bring in Susquehanna International Group and Covington & Burling","og_url":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/","og_site_name":"CommercialSearch","article_published_time":"2024-07-15T07:28:06+00:00","og_image":[{"width":1300,"height":800,"url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/07\/30-Hudson-Yards.jpg","type":"image\/jpeg"}],"author":"Matthew Preston","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matthew Preston","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/","url":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/","name":"Warner Bros. Discovery Dual Subleases at Hudson Yards","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/07\/30-Hudson-Yards.jpg","datePublished":"2024-07-15T07:28:06+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80"},"description":"Warner Bros. Discovery's subleases at 30 Hudson Yards bring in Susquehanna International Group and Covington & Burling","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/07\/30-Hudson-Yards.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/07\/30-Hudson-Yards.jpg","width":1300,"height":800,"caption":"view across Manhattan"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/blog\/new-deals-highlight-hudson-yards-modern-appeal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/blog\/"},{"@type":"ListItem","position":2,"name":"New Deals Highlight Hudson Yards\u2019 Modern Appeal Amid Warner Bros. Discovery\u2019s Space Shake-Up"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/blog\/#website","url":"https:\/\/www.commercialsearch.com\/blog\/","name":"CommercialSearch","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80","name":"Matthew Preston","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g","caption":"Matthew Preston"},"description":"Matthew has covered commercial real estate for CommercialCafe since 2022. He focuses on the office and industrial sectors, reporting on leasing, development, and investment across national markets and individual submarkets. His work draws on data and original research. He also writes about demographic shifts and urban innovation in U.S. cities. The New York Times, The Real Deal, Bisnow, The Business Journals, and Yahoo Finance have cited his reporting.","url":"https:\/\/www.commercialsearch.com\/blog\/author\/matthew-preston\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/07\/30-Hudson-Yards.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/3354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/users\/3163"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/comments?post=3354"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/3354\/revisions"}],"predecessor-version":[{"id":3356,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/3354\/revisions\/3356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media\/3355"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media?parent=3354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/categories?post=3354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/tags?post=3354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}