News Corp, 21st Century Fox consider moving after lease ends

Among the possible new locations: Silverstein's World Trade Center or Related's Hudson Yards

New York /
Feb.February 10, 2015 09:00 AM

Rupert Murdoch’s News Corp and 21st Century Fox could be moving into new headquarters when their Midtown lease expires in five years.

The media giants, both separately controlled by Murdoch, are located at 1211 Sixth Avenue and SL Green Realty’s 1185 Sixth Avenue, where they take up a combined 1.2 million square feet, according to the New York Post. The future space hasn’t yet been determined, the newspaper reported, but it will be more than one million square feet.

A possible option is to move both companies into a newly constructed office tower at the World Trade Center or Hudson Yards, according to the newspaper. This could mean a windfall for Larry Silverstein, who still needs an anchor tenant to get 2 World Trade Center off the ground, or for Related Companies’ Stephen Ross, who needs tenants to start work on two more Hudson Yards towers.

No final decision has been made, the newspaper reported, and there is still a chance the companies won’t move. [NYP] — Claire Moses 


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