The headquarters of CNN have been sold to a US property investment company.
The 1.2 million-square foot CNN Center, located in Downtown Atlanta, has been sold to a joint venture between Rialto Capital and CP Group.
“The CNN Center is one of Atlanta’s most iconic landmarks and we look forward to embracing the opportunity to strategically transform the asset and build off the city’s current momentum,” said Chris Eachus, Partner at CP Group.
WarnerMedia, which has around 6,000 employees in Atlanta, will lease back the CNN Center for a “number of years”. However, last year the company said it plans to move CNN to a site near to Georgia Tech, where it would be based with some of the other networks founded by Ted Turner and now owned by WarnerMedia, including TBS, TNT and Cartoon Network.
