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Titan Tower, the longtime heaquarters for the WWF and WWE dating back to the 1980s, is officially on the market.
With WWE having officially moved into their new Stamford, CT Global Headquarters a few miles from their former home, the Titan Tower property located at 1241 East Main Street is now on the market.
Commercial real estate firm Newmark is now listing the property as “subject to offer, according to CTInsider.com.
WWE moved into Titan Tower in 1985 when they acquired the building and it housed the company's offices for decades. WWE has filmed many vignettes (and even a Super Bowl commercial) at the Tower, even hosting an entire episode of Monday Night Raw from the Tower when a blizzard shut down the entire State of Connecticut and hosting a Money in the Bank Ladder Match there that saw talents battle all around the venue en route to finishing on the roof of the facility.
The Tower itself was built in 1981. WWE had been removing their property from the building in recent months, While the WWE logo is still exhibited outside, it no longer flies the WWE or United States flags at the top of the Tower.
WWE announced in 2019 they would move to the new HQ and sell off the Tower, but obviously the COVID-19 pandemic forced major delays into that process. As PWInsider.com has reported in the past, the move from Titan Tower was decided upon for a number of reasons. The company had simply outgrown the old building, which was considered by some we have spoken to within the company to be technologically inferior to more modern buildings that have been built in recent years.
The move also allowed for every aspect of WWE to be under one roof for the first time in many years. Currently, certain divisions of the company are housed in different buildings near the Tower, requiring the company to shuttle them from place to place. WWE also has a crossing guard on hand to assist employees as they cross from one building to another. Plus, the company's production facilities had been housed in another building a short drive away from Titan Tower. By the end of the move, everyone was under under one roof.
The move also placed WWE in one of the grandest buildings on the Stamford skyline, as well as within a short walk of the Stamford train station. Previously, WWE shuttled employees from the station to the HQ. The new building is large enough to house every aspect of the company and one source in the past even noted they could put multiple Performance Centers in the building if they ever opted to go that direction.
The company's current HQ features 712,000-square-feet per floor while Titan Tower only housed 110,000 square feet per floor. WWE's lease for the new Global HQ is for 16.5 years, with five five-year renewal options afterward. There's been no discussion of WWE potentially buying the new building, at least at this time. WWE's new Global Headquarters building was the former home of financial company UBS. At the time, UBS had the largest stock trading floor in the world. GBS left the building in 2016 for a new location across the street
WWE had previously stated their plan was to eventually sell off Titan Tower and to evaluate three other locations they owned and leased once the move was complete. Now, they are going through that process.
Thanks to Mike Informer.
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