Related’s Hudson Yards inks 2 major deals in Covington & Burling, Susquehanna International Group
NY Post
Two just-signed, major, new deals demonstrate the sustained appeal of Related’s Hudson Yards complex — and the preference for newer buildings over highly-regarded older ones.
Warner Bros. Discovery (WBD), the largest tenant at 2.6 million square-foot 30 Hudson Yards, has been consolidating operations since AT&T’s Warner Media merged with Discovery in 2022. The resulting space shakeout freed up 310,000 square feet of its 1.4 million sf at the tower — and they were swiftly spoken for.
Sources said law firm Covington & Burling signed a sublease for 235,479 square feet, expanding from 200,000 sf at 620 Eighth Ave., the New York Times Building, which it will leave next year.
Proprietary trading firm Susquehanna International Group (SIG) subleased 73,735 square feet, moving from 140 Broadway downtown.
The Hudson Yards tower opened in 2019, the Times tower in 2007 and 140 Broadway in 1967.
The reasons for the two firms’ relocations weren’t immediately clear. Neither the tenants, Related or the brokers involved would comment on any aspects of the situation, which we learned of through market sources.
