Entertainment media giant Discovery Communications Inc. has signed a new 16-year lease agreement for 150,940 square feet of office space in Manhattan, N.Y. The value of the transaction was not disclosed. The company plans to relocate 365 employees and its New York regional office from Lexington Avenue to Equity Office-owned 850 Third Avenue, and expand its office space by 30 percent. Discovery will occupy nearly five floors of the 563,000-square-foot building. Located in the East side submarket of Midtown Manhattan on Third Avenue between 51st and 52nd Streets, 850 Third Avenue is a 21-story "wedding cake design" building. The newly renovated lobby features statuary marble and terrazzo-tiled floor. Amenities include high-speed internet access, on-site full–service banking, elevators,...
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