Silverstein Properties has struck a deal with Walt Disney Company, ABC’s parent company, to acquire more than 1-million-square-foot, the New York City headquarters, estimated at over $1 billion, sources told Commercial Observer.
Silverstein is now looking for financing for the transaction, according to the CO.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Finalist Silverstein has been awarded the winning bid, in the running for the ABC complex, with a bid by Related Companies, according to sources.
The complex consists of several buildings along West 66th Street between Central Park West and Columbus Avenue. The Upper West Side office portfolio includes a 22-story, 420,000 SF 77 West 66th Street, and probably add to it the three-building, 316,000 SF at 47 West 66th Street, as well as other buildings in Disney’s.
Last December the California based entertainment conglomerate announced that it would acquire 21st Century Fox and its assets from Rupert Murdoch in a $52.4 billion, all-stock deal.
Disney approached a handful of New York City developers about purchasing ABC’s properties, including the Durst Organization, sources told CO.
