ViacomCBS has reached a deal to sell CBS’ iconic New York skyscraper, known as Black Rock, for $760 million.
Designed by Eero Saarinen, the striking black-windowed tower at West 52nd Street and Avenue of the Americas in Manhattan is one of the best-known examples of urban mid-20th century architecture. The granite structure, commissioned by CBS’ then President Frank Stanton, has served as CBS’ corporate headquarters since 1965. CBS’ founder, Bill Paley, once occupied an office on the top floor.
Harbor Group International, a privately owned real estate investment and management firm, agreed to purchase the building at 51 West 52nd St., ViacomCBS said Monday afternoon in a regulatory filing.
The media company expects the deal will close by year’s end.
ViacomCBS said it would lease back the floors that it occupies on a short-term basis.
The Shari Redstone-controlled media giant announced in late 2019 that it would part with the historic CBS office building, but the COVID-19 pandemic complicated its sales process, according to knowledgeable people who were not authorized to comment.
The decision came almost immediately after Viacom merged with CBS. The company’s brass expressed a preference for Viacom’s leased Times Square headquarters, which boasts sweeping views of the Hudson River.
ViacomCBS initially hoped the sale of Black Rock would fetch about $1…