WarnerMedia will lease back the iconic downtown property for several years.
The German insurer purchased a minority stake in the 1.5 million-square-foot office condo leased to WarnerMedia within the new 30 Hudson Yards tower. The majority owner is a joint venture of the Related Cos. and a third-party investor.
WarnerMedia sold the space at 30 Hudson Yards to an affiliate of Related Cos. The deal is anticipated to close during the second quarter of 2019.