Newsday Media Group has signed a 15-year lease on a 130,000-square-foot complex in Melville where the company plans to move its headquarters, the newspaper reported. The company plans to move around Labor Day into a two-building space at 6/8 Corporate Center Drive. The property, which is owned by Jericho-based real estate firm The We’re Group, is only about a mile from Newsday’s longtime base of operations at 235 Pinelawn Road, which developer Hartz Mountain Industries bought for $54.5 million in 2018 from Newsday’s former parent company Tribune Media. New Jersey-based Hartz Mountain plans to demolish the newspaper’s former headquarters to build two industrial buildings, one of which will have 600,000 square feet and the other 200,000 square feet. Construction on those two buildings is not expected to begin before 2020. Newsday’s move to a new building comes a week after the newspaper renewed its lease at a Farmingdale warehouse where the company runs its distribution operations. [Newsday]
Newsday inks 130K sf lease for new Melville HQ a mile from its old home
New York /
Mar.March 18, 2019
02:03 PM
Related Articles
arrow_forward_ios

Education entrepreneur relists East Hampton estate for $95M

Suburban home inventory is depleted, but demand rages

Lawmakers call for stiff penalties, reform after housing discrimination probe

Yes to conversions, no to rent regulation: LI biz group unveils real estate agenda
arrow_forward_ios