SportsNet operator sublets at Time & Life building

TRD New York /
Nov.November 26, 2013 11:21 AM

Sterling Entertainment, which operates regional sports network SportsNet New York, signed a lease for 38,776 square feet at the Rockefeller Group’s Time & Life Building in Midtown.

Newmark Grubb Knight Frank was marketing 180,000 square feet of space at the 48-story, 1.96 million-square-foot building, at 1271 Sixth Avenue, in February. This lease was for the last availability from that swath of space. CBRE brokers Dan Wilpon, Ken Meyerson and Scott Gottlieb represented Sterling, while NGKF brokers Brian Goldman, Daniel Madison, David Falk, Peter Shimkin and Neil Goldmacher represented the landlord, according to the New York Post.

In 1987, Time, publisher of Time magazine, sold its 45 percent interest in the building to the Rockefeller Group, which is controlled by Japanese developer Mitsubishi Estate. Upon the sale, anchor tenant Time signed a lease renewal for the majority of the space for until 2017.

Other subtenants include Complex Media, Sandow Media and HedgeServe, the Post said. [NYP, 3rd item]Mark Maurer

Related Articles

Jordan Roeschlaub and Dustin Stolly, Newmark Knight Frank

Co-heads of Newmark’s debt team host holiday bash

Brett Siegel, Jean Celestin, and Evan Layne with Newmark Knight Frank offices at 125 Park Avenue (Credit: LinkedIn and Google Maps)

Newmark poaches Eastdil Secured sales team

Robert K. Futterman (Credit: Southampton Town Police)

Futterman’s latest DUI wouldn’t factor into termination case: legal expert

Jimmy Buffett and a rendering of Margaritaville Times Square (Credit: Getty Images, Margaritavilla/The McBride Company)

Sued away again in Margaritaville: Newmark claims chain breached exclusive contract

Tom Citron

Newmark’s Tom Citron heads to Colliers

1271 Sixth Avenue and Rockefeller Group CEO Daniel Moore (Credit: Rockefeller Group)

Investment bank takes two full floors at Rockefeller’s 1271 Sixth Ave

Robert Futterman (Credit: RKF)

Robert Futterman fired from RKF

Valuation inflation: Why sky-high figures could come back to bite investors

Valuation inflation: Why sky-high figures could come back to bite investors