News Corp and 21st Century Fox remain at 1211 Avenue of the Americas

Ivanhoé Cambridge and its partner, Callahan Capital Properties, announced that 21st Century Fox and News Corp have both signed leases totaling over 1.2 million sqf to retain each of their corporate headquarters at 1211 Avenue of the Americas. The terms of their leases extend through 2025 and 2027 respectively, with extension options. In the 777,000 sqf transaction with 21st Century Fox, a 649,000 sqf extension will be effective December 2020, while a 128,000 square foot expansion into three upper floors of the building will be effective January 2017 to accommodate the consolidation of other Midtown employees. The 444,000 sqf lease transaction with News Corp will be effective December 2020. Cushman & Wakefield represented the landlord in the transactions while CBRE represented 21st Century Fox and News Corp.

Michael McMahon, Senior Vice President, Asset Management, Callahan Capital Properties, said "The decision by these leading, global media companies to remain at 1211 underscores the quality of the property and the importance of its prime Midtown location.”