Online Gambling Business Rolls the Dice on New Digs
December 20, 2010
By: Max Zimbert

The horse-race wagering website and TV channel, along with landlord Equity Office, terminated the existing lease and negotiated a deal for nine and a half years at the Howard Hughes Center in Westchester.

TVG will have the entire ground floor after a neighboring restaurant closed at the 6701 Center Drive office complex. The price was not disclosed, but industry sources estimated it at $10 million. (The square footage at 6701 Center is disputed. The tenant’s brokers said it is 27,312 square feet; landlord representation said it’s 24,680 square feet.) ...

... Equity Office was represented in-house by Conan Cotrell, who did not return requests for comment, and Rick Buckley and Beau Rawi of L.A. Realty Partners also represented the landlord. Andrew Lustgarten and Mark Sullivan of Studley Inc. represented the tenant. ...

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