MLB Close To Deal For 500k SF Of Office Space At Time-Life Building
Major League Baseball commissioner Rob Manfred is reportedly in the home stretch of a deal to relocate his office and some of MLB’s web operations to the 1.9M SF Time-Life Building at 1271 Avenue of the Americas.
MLB is looking at leasing roughly 500k SF on the fourth through 15th floors of the 48-story tower, sources tell the Commercial Observer.
The deal would mean a new anchor tenant for the building, owned by the Rockefeller Group. The property will be almost totally vacant when Time Inc and New York Mets broadcaster SNY leave after their leases are up next year.
Rockefeller is planning a major $300M renovation of the site starting this year, however, and a spokesman told CO they’ve had “more eyeballs than we can count looking at the space.” [CO]
