The Real Deal New York

21st Century Fox could depart Midtown: reports

Entertainment company occupies half of the building along with News Corp.
September 12, 2014 04:55PM

Rupert Murdoch’s 21st Century Fox is reportedly on the hunt for a new headquarters.

The search is in very early stages and could result in Fox staying put at 1211 Sixth Avenue, sources familiar with the situation told Bloomberg News. Along with Murdoch’s News Corp., Fox News and other Fox operations occupy roughly half of the 2 million-square-foot building and employ about 2,500 people there, according to the news service.

Fox’s lease at the building expires in 2020. The building is owned by Beacon Capital and a partnership that includes Ivanhoe Cambridge and Callahan Capital Properties, according to Bloomberg.

Beacon Capital sought to sell 1211 Sixth Avenue in 2011, but bids came in far short of the asking price. [Bloomberg News]Tom DiChristopher