The last 30+ days have been incredibly busy and very productive, and let me just say how grateful we are for everyone’s hard work, cooperation and continued patience. Discovery declined Variety‘s request for comment. general manager and executive vice president of global data, CRM and growth Brad Wilson would be exiting the streamer - just one day after TBS programming chief Brett Weitz was learned to be out, as well as head of global communications Johanna Fuentes and president of the kids and family division Tom Ascheim.
Earlier on Thursday, Variety reported that HBO Max’s U.S.
#DISCOVERY INC OFFICE NYC SERIES#
The New York Post first reported the news of the deal, citing Discovery’s recent $12 billion acquisition of media company Scripps Networks Interactive, which has a large office footprint in New York, as a motivating factor in its decision to relocate to the city.ĭiscovery and Scripps will be vacating offices at 850 Third Avenue and 1180 Avenue of the Americas in Midtown and the Chelsea Market building at 75 Ninth Avenue to move to 230 Park Avenue South, the Post reported.The news comes amid a series of high profile executive exits at Warner Bros.
Representatives for C&W and JLL did not immediately provide comment. The landlord was represented by the Cushman & Wakefield (CWK) team of Bruce Mosler, Ethan Silverstein, Mark Mandell and John Peters, while the JLL (JLL) team of Cynthia Wasserberger, Michael Berg, Joe Judge and Hayley Shoener represented Discovery. TF Cornerstone declined to provide rents in the transaction. He added that the company is “energized” by its move to “the media capital of the world,” and that Discovery is “look forward to bringing our world-class employees together in a creative and collaborative workspace in one of Manhattan’s most vibrant and dynamic neighborhoods.” “The new Discovery is transforming into a different kind of global media company, and where and how we work is a critical foundation for our future success and growth,” David Zaslav, Discovery’s president and CEO, said in a statement. In a press release announcing its move, Discovery said its new offices will feature an open floor plan and “loft-like features such as exposed ceilings and natural light,” as well as a ground-floor studio and production space and “full-service wellness center.” The $40 million that TF Cornerstone will spend on improving and modernizing the property will go toward expanding the lobby, upgrading the elevator and HVAC systems and building an outdoor courtyard. He added that Discovery was drawn to the 1895 building’s large 28,000-square-foot floor plates and its distinct, late-19th century aesthetic, including terracotta columns and ceilings. “I think it’s a good moment in time where there are larger, corporate, tech and media companies that want to be in this area,” Elghanayan said of 230 Park Avenue South’s prime Midtown South location a few blocks north of Union Square. Those tenants will now be leaving their spaces in advance of their lease expiries to accommodate Discovery’s move. While TF Cornerstone wasn’t actively marketing the space, Elghanayan said TF Cornerstone was on the lookout for a new tenant in the knowledge that marketing and communications firm Y&R and e-commerce mattress retailer Casper Sleep would be vacating the property after their leases expired in 2021. SEE ALSO: Manhattan’s Union Square Regal Theater Isn’t Closing After Allĭiscovery is expected to begin taking occupancy of its new space at 230 Park Avenue South in the fall of 2019, with TF Cornerstone pouring $40 million into upgrading the building in advance of the move.
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