AT&T to Sell Hudson Yards Space to Related Cos. for $2.2 Billion
- Telecom giant has been selling off noncore assets to pay debt
- Related is building the 28-acre Manhattan project with Oxford
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AT&T Inc.’s WarnerMedia agreed to sell space in a Manhattan tower for $2.2 billion to real estate giant Related Cos., helping the telecom giant pay debt.
WarnerMedia will lease back the offices -- located in the new Hudson Yards neighborhood -- until early 2034, AT&T said on Tuesday. The transaction is slated to close late in the second quarter.