Discovery Sells Maryland HQ
Discovery Communications, moving headquarters to New York City next year (see 1801090026), sold its Silver Spring, Maryland, HQ to developer Foulger-Pratt and Cerberus Capital Management, it said Thursday. Neither Discovery nor Foulger-Pratt commented on the price. The cable programmer said it signed a lease on 60,000 square feet in Silver Spring for its Maryland Network Hub, for functions including government relations and some network and support operations.