New York & Tri-State + Downtown New York + Office | January 20, 2023

MediaCo Holding, Inc., owner of New York radio stations HOT 97 and WBLS, has leased 25,000 square feet of office and studio space at 48 W. 25th St. in Manhattan

Parent of WBLS and HOT 97 Radio Stations Leases Office, Studio Space with Savanna

Savanna, a New York City-based real estate investment manager, owner/operator and developer, secured a new 25,000-square-foot, long-term lease at 48 W. 25th St. with MediaCo Holding, Inc., owner of New York radio stations HOT 97 and WBLS.

The 16-year, eight-month lease comprises the entire second and third floors, as well as the partial basement and ground floors of the building. In addition to housing MediaCo’s offices, the space will also serve as the new broadcast studio and headquarters for HOT 97 and WBLS, the renowned New York Hip Hop and R&B radio stations.

Located in the Madison Square Park submarket of Manhattan, 48 W. 25th St. is a 12-story, 127,130-square-foot building which Savanna acquired in 2018 and began renovating in 2019.

Savanna was represented by Ethan Silverstein, Theodora Livadiotis and Bruce Mosler with Cushman & Wakefield. MediaCo was represented by Anthony LoPresti, also with Cushman & Wakefield.

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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 13-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 15-20 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).

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