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Disney Sells UWS Campus to Silverstein, Will Move to Hudson Square

The Mouse is on the move. The Walt Disney Company has sold its Upper West Side campus, the longtime home of the American Broadcasting Company, to Silverstein Properties for approximately $1.2 billion, and simultaneously acquired the rights to develop Trinity Church Wall Street’s 4 Hudson Square for $650 million.

“This move represents an historic step forward toward our long-term vision for our New York operations,” said Disney CEO Robert Iger. “The Hudson Square district is rapidly becoming a dynamic, innovative hub for media, technology and other creative businesses.”

Disney is expected to lease back the ABC campus, including 77 W. 66th St. (pictured), for up to five years while 4 Hudson Square is under development. It will include offices and production facilities for local affiliate WABC-TV, ABC News and Disney Streaming Services, among other operations.

For both transactions, Disney was advised by Eastdil Secured. Trinity was advised by CBRE.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition
  • ◦Sale/Acquisition