ELMWOOD PARK, N.J. (Feb. 13, 2025) – With a new baseball season approaching, it was announced today that MLB Network, Major League Baseball’s Emmy Award-winning content platform, will be moving its entire operation and office space to Crow Holdings Development’s 25 Market Street, located in Elmwood Park, New Jersey. Expected to be operational for the 2028 MLB season, the newly delivered 207,000-square-foot commercial building will house all of the network’s production studios and offices, plus MLB’s video tape library. As MLB Network reaffirms its integral role in daily coverage of America’s national pastime, this new facility will feature the latest cutting-edge technology and design, enabling the network to stay at the forefront of production excellence and innovation, which has been its hallmark since its groundbreaking launch in 2009.
Located nearby in Secaucus, New Jersey for the last 16 years, MLB Network offers the most comprehensive baseball coverage across multi-platform distribution and social channels, including live games, studio programs, documentaries, special features, and countdown shows. MLB Network has earned critical acclaim with 42 national Emmy Awards across 15 categories, including MLB Tonight winning for ‘Outstanding Daily Studio Show’ for the 8th time last year. In addition to the more than 3,000 hours of live programming MLB Network provides every year, the network has evolved into a production house, helping produce content for MLB Local Media, Friday Night Baseball on Apple TV+, Roku’s MLB Sunday Leadoff, and MLB’s digital platforms and partners. In total, MLB Network created more than 400,000 pieces of content for all of MLB’s platforms in 2024.
“This new long-term home for MLB Network is an opportunity for us to transform our operations and deliver a futureproofed workplace that enables our team to produce exceptional content,” said Bill Morningstar, President of MLB Network. “Partnering with Crow Holdings on this state-of-the-art new facility will allow us to modernize our studios, enhance our production and support our evolving business. Moving to this new location demonstrates the importance of MLB Network to MLB and its media partners, the 30 clubs and fans across the world not only today but well into the future.”
Securing such a high-profile tenant suits 25 Market Street, which carries an iconic status of its own. The property – prominently visible from I-80 at Exit 61 – housed the Marcal Paper warehouse for nine decades, until the local landmark was destroyed by fire in early 2019. Crow Holdings Development purchased the property and subsequently delivered a distinctive, trophy industrial building befitting of the site’s history and neighborhood. A brick facade and black window mullions inspired by the original warehouse pair with large, translucent light boxes to marry classic elements with modern design.
“We can’t think of a better match for this special property,” said Crow Holdings Development’s Clark Machemer, senior managing director. “Our own company was founded on industrial development in 1948, so we know something about long-lasting brands that evolve to serve changing customer and community needs. For us, this is about more than matching a building and a tenant; it is two legacy organizations coming together with an eye toward the future.”
CBRE’s Scott Gottlieb, Brendan Herlihy, Greg Barkan, and Elliot Bok represented MLBN in the 25 Market Street lease. The Jones Lang LaSalle (JLL) team of Rob Kossar, David Knee, Ignatius Armenia, Chris Hile, and Ryan Milanaik represented Crow Holdings Development.
Crow Holdings Development’s Northeast regional presence is well established. Its latest projects include the recently completed Crow Holdings at Carteret in Carteret, N.J., with Golden Triangle Logistics Center in Wallkill, N.Y., and Crow Holdings at 6A in Burlington, N.J., under development. The firm has introduced more than 3.5 million square feet of new development in New Jersey and Pennsylvania over the past two years.
Crow Holdings Development is the development platform of Crow Holdings, a privately owned real estate investment and development firm with more than 75 years of history, $33 billion of assets under management, and an established platform with a vision for continued success. The company specializes in multifamily and industrial development across high-opportunity markets in the United States, with a newly launched office development platform as well. Led by a highly experienced leadership team, the firm has developed more than 75 million square feet of industrial space since 2013.
###
Contacts:
Sandy CrisafulliCaryl Communications on behalf of CHD – Northeastsandy@caryl.com
Adam McGillCrow Holdingsamcgill@crowholdings.com
Lou BarricelliMLB NetworkLouis.barricelli@mlb.com
Comentarios