World's largest religious TV network buys performing arts center.Cushman & Wakefield announced that Trinity Broadcasting Network The Trinity Broadcasting Network, or TBN, is the largest Christian religious television network in the world and is headquartered near Los Angeles in Costa Mesa, California with studios near Dallas/Fort Worth Metroplex in Irving, Texas and near Nashville in , the world's largest religious television network, has purchased The Century Center for the Performing Arts at 111 E. 15th St. from Theater First Foundation.
The Century Center for the Performing Arts is a 15,000 s/f, 248-seat building, located between Union Square East and Irving Place in the heart of Union Square.
The space will serve as Trinity Broadcasting Network's first production studios in the New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. area. The company will utilize the venue as a live broadcast center for its programming.
Although no price was disclosed, Globe St. reported it was north of $13 million.
Yoav Oelsner, Charles Kingsley, Jon Epstein and Glenn Tolchin of Cushman & Wakefield's Capital Markets Group represented the seller, Theater First Foundation, and David Rosenbloom, a senior director in the firm's Midtown mid·town
A central portion of a city, between uptown and downtown.
US & Canad the centre of a town Manhattan office, represented the purchaser, Trinity Broadcasting Network. "The Union Square neighborhood is a thriving cultural, business and educational hub," said Oelsner, a senior director at Cushman & Wakefield. "Trinity Broadcasting Network fits right in to this vibrant community that is known for its diversity, creativity and one of the city's most popular parks."
"The Century Center for the Performing Arts is equipped with three main theatrical production Noun 1. theatrical production - the production of a drama on the stage
production - a presentation for the stage or screen or radio or television; "have you seen the new production of Hamlet?" spaces, including a theater that can seat about 300 people, a ballroom and a studio," said Rosenbloom. "These unique features will be useful for Trinity Broadcasting Network's production studios."
Trinity Broadcasting Network offers 24 hours of commercial-free inspirational in·spi·ra·tion·al
1. Of or relating to inspiration.
2. Providing or intended to convey inspiration.
3. Resulting from inspiration. programming that appeals to Protestant, Catholic and Messianic mes·si·an·ic also Mes·si·an·ic
1. Of or relating to a messiah: messianic hopes.
2. Of or characterized by messianism: messianic nationalism. Jewish denominations Several groups, sometimes called denominations, "branches," or "movements," have developed among Jews of the modern era, especially Ashkenazi Jews living in anglophone countries. . The company reaches every major continent, with 47 satellites and 12,000 television and cable affiliates. Trinity Broadcasting Network currently operates 3,000 television stations globally, and is the seventh-largest broadcast group owner in the U.S.
The Center for the Performing Arts, a historic landmark originally built in 1847 by architect Henry Hobson Richardson, was the original home of the Century Association, a members-only club of distinguished New Yorkers, including former Presidents Franklin Roosevelt and Theodore Roosevelt.
The building received a complete renovation project in 1996 that faithfully restored the late nineteenth century to its original grandeur.
Prominent neighbors include New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the , New School University.