Silverstein Properties acquires ABC’s UWS headquarters

Silverstein has found its next big project

Silverstein Properties has entered into contract to acquire ABC’s Upper West Side headquarters from the Walt Disney Company for more than $1 billion, according to the CO. The massive deal includes 77 West 66th Street (287,822 SF), 47 West 66th Street (347,053 SF), and a few other buildings in Disney’s office portfolio that spans over 1 million SF.

What’s next: Silverstein is looking for acquisition financing to close the deal.

The Backdrop: Historic Hollywood Merger: After Walt Disney acquired most of Rupert Murdoch’s 21st Century Fox back in December, it made sense that real estate assets would be in play.