Major League Baseball scores Midtown South sublease for digital team

MLB’s Advanced Media takes two floors of Twitter sublease space in Chelsea, now has 48K sf in building

TRD NEW YORK /
Oct.October 31, 2016 03:45 PM

Major League Baseball is enjoying a must-watch World Series in Cleveland and Chicago. Here in New York City, MLB continues to make plays, too.

Fresh off finalizing its lease for a new 400,000-square-foot headquarters on Sixth Avenue, the league took two floors of sublease space from Twitter in Midtown South for its digital arm MLB Advanced Media, sources told The Real Deal.

The league signed a three-year deal to take 24,000 square feet on the eighth and ninth floors at 245 West 17th Street, where Twitter leased 140,000 square feet back in 2014.

Earlier this year, the micro-blogging platform put two floors of space on the sublease market that it had been warehousing for growth, looking to lease it out to tenants on a short-term basis. MLB swung in and took floors two and three in the spring as it prepared to relocate and consolidate its offices in the city. Asking rents weren’t available.

Sources said MLB Advanced Media employees who currently work out of Chelsea Market will make the move to the Twitter space.

Meanwhile, the front offices are relocating from 245 Park Avenue to the Rockefeller Group’s 1271 Sixth Avenue.


Related Articles

arrow_forward_ios
Park Avenue pictured on March 30, 2020 (Credit: John Nacion/NurPhoto via Getty Images)

Manhattan office leasing just had its worst quarter since 2013

From left: L&L Holding Company's 425 Park Avenue with CEO David Levinson, Citadel Securities founder Ken Griffin, and Vornado Realty Trust’s 350 Park Avenue with CEO Steve Roth (Credit: (Photo by Michael Kovac/Getty Images; L&L Holding Company; Vornado)

Citadel Securities expands nearby lease while waiting on 425 Park

Clockwise from top left: 66-26 Metropolitan Avenue, 11 Penn Plaza and 181 Livingston Street (Credit: Google Maps, 181 Livingston via Tishman Speyer) 

Tech inked big office leases in February, but not the biggest

Brookfield's Ric Clark and Two Hanson Place in Brooklyn (Credit: Google Maps, iStock)

Brookfield signs energy company to big lease in DoBro

From left: 110 East 59th Street, The Spiral at 66 Hudson Blvd East and 55 Water Street (Credit: Tishman Speyer, Jack Resnick & Sons)

Office leasing picks up in Midtown but slows elsewhere

From left: 330 Madison Avenue, 66 Hudson Boulevard and 599 Lexington Avenue (Credit: Google Maps)

Law firms topped the list of January’s biggest office leases in NYC

260 Madison Avenue and Sapir Organization’s Alexi Sapir (Credit: Getty Images)

Sapir Org inks big renewal with law firm at 260 Madison

(Credit: iStock)

Data Alert! Manhattan office leasing through November 2019

arrow_forward_ios
Loading...