Will the Time Warner Center become the Deutsche Bank Center? The German lender is eyeing the Columbus Circle mixed-use tower as its new home.
Time Warner is set to depart the building at 60 Columbus Circle for Hudson Yards in 2019. Developer Related Companies bought back the media company’s 1.3-million-square-foot office space for $1.1 billion in 2014. Time Warner is currently leasing it.
Deutsche Bank’s lease at 60 Wall Street expires in 2022. That building’s co-owner, Singapore’s sovereign wealth fund GIC, also holds a stake in Time Warner Center’s office portion. JLL is representing the lender in its search, the New York Post reported. [NYP] — Konrad Putzier