AP expands commitment at 50 Rockefeller Plaza

Real Estate Weekly, May 12, 1993

The Associated Press (AP), one of the world's premiere news organizations, has signed a lease to renew and expand the space it occupies in 50 Rockefeller Plaza, The Associated Press Building, which has been its home since the building opened in November 1938.

The AP has renewed its lease for nearly 130,000 square feet of space and taken additional space for a total of nearly 167,000 square feet.

It was on Jan. 24, 1938, that a story moved on the AP wire saying: "The future home of The Associated Press will be erected in Rockefeller Center, where general headquarters and the New York office of the world's largest cooperative news and picture gathering organization will be located in a building bearing its own name."

The AP moved to Rockefeller Center from 383 Madison Avenue where it had been located for some 20 years.

Stein noted also that, with conclusion of the AP lease and other significant lease renewals and expansions in recent weeks, Rockefeller Center has nearly halved the amount of space which was to fail due for renewal in 1994.

The lease transaction was negotiated on behalf of the landlord, Rockefeller Center Management Corporation, by Alan L. Stein; Emmett P. Noonan, vice president; and Robert F. Scally, assistant vice president. The tenant was represented by James M. Donna and Lawrence G. Blasko, director of administrative services of The Associated Press.