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News Corp. Takes 18,000 SF at MetroTech

NEW YORK CITY-Community Newspaper Group's 10-year lease at MetroTech Center in Brooklyn follows relocations there by other media companies.

By Paul Bubny | Updated on December 08, 2008

NEW YORK CITY-A neighborhood newsweekly group owned by Rupert Murdoch’s News Corp. is signing a lease for 18,000 square feet at One MetroTech Center in Brooklyn. The move by the Community Newspaper Group follows other recent MetroTech transactions by media companies.

A spokeswoman for Forest City Ratner Cos., which owns One MetroTech at 70 Myrtle Ave., tells GlobeSt.com the CNG deal is for 10 years with an option to renew for five more. As previously reported by GlobeSt.com, MetroTech Center rents are in the mid to high $30s.

CNG will relocate its 125 employees to One MetroTech from separate offices throughout Brooklyn, Queens and the Bronx. The group’s holdings include the Bronx Times Reporter; TimesLedger Newspapers in Queens, which publishes 14 weeklies; and Courier-Life Publications, reportedly the city’s largest chain of weeklies. CNG also produces a news-based website, www.yournabe.com, that covers 152 neighborhoods in the three boroughs.

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