Friday, June 14, 2019

AT&T sells WarnerMedia offices in NYC for $2.2 billion

WarnerMedia, an operating company of AT&T, completed the sale-leaseback of its premises at 30 Hudson Yards to a consortium for approximately $2.2 billion. The company announced its initial agreement to sell these assets in April 2019.

WarnerMedia’s lease at 30 Hudson Yards runs through early 2034.

AT&T said it will use proceeds from this transaction, along with additional planned sales of non-core assets, to reduce its debt.