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Deals & Dealmakers

Media co. leases 27,000 s/f at ESB

Media General, Inc. has leased the entire 62nd floor, comprising 26,782 s/f, at the Empire State Building, to centralize its six digital media companies and national sales headquarters into one location, announced landlord Empire State Realty Trust, Inc., and Douglas Elliman Real Estate, which represented Media General in the transaction.

Media General is one of the nation’s largest multimedia companies, and has the industry’s largest and most diverse digital media business. One of Media General’s companies is currently based at ESRT’s One Grand Central Place.

The Empire State Building
The Empire State Building

“We are very pleased that our good relationship with an existing tenant gave us the opportunity to accommodate Media General’s growth into a full floor at the Empire State Building,” said Thomas P. Durels, Executive Vice President, and Director of Leasing and Operations for ESRT.

Headquartered in Richmond, Virginia, Media General operates or services 71 television stations in 48 U.S. markets and the industry’s leading digital media business, reaching 23% of U.S. TV households and 43% of the U.S. Internet audience.

Media General joins other high-profile tenants at the Empire State Building, including Coty, Skanska, BrightRoll, Bulova, LinkedIn and Shutterstock.

Landlord representation was provided by Fred C. Posniak of ESRT, along with William Cohen, Jonathan Tootell and Shanae Ursini of Newmark Grubb Knight Frank.  James Gross and Peter Gross of Douglas Elliman Commercial represented Media General.

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