NBA players invest in $1B Harvard mixed-use development
NBC Universal has signed a 10-year lease for 1.4 million square feet of space at Rockefeller Center in the wake of its acquisition by Comcast, according to the Post. The space, which NBC parent company General Electric bought for $440 million in 1996 after the Rockefeller Center bankruptcy bailout, consists of full-floor office condominiums in 30 Rockefeller Center (where the lease includes 75,602 square feet), the studio building at 49 West 49th Street (where NBC leased 475,110 square feet) and 1250 Sixth Avenue (where NBC leased 187,065 square feet). As part of the deal, brokered by Scott Panzer of Jones Lang LaSalle, NBC will have first dibs on the condos if GE ever decides to sell them. The remainder of 30 Rockefeller Center will soon be taken up by accounting giant Deloitte, which recently inked a deal for 436,000 square feet there. That means any other tenants in the building, including law firm Chadbourne & Parke, will have to vacate once their leases are up. [Post]
