Gray Television’s $27.5 Million Acquisition of Third Rail Studios

Jones Day advised Gray Television, Inc. on the deal.

Gray Television, Inc. has purchased Third Rail Studios in Doraville, Georgia, from The Integral Group for $27.5 million.

Third Rail Studios, a movie and television production facility developed by The Integral Group in 2016, is located adjacent to Gray’s entertainment-centric studio and community development called Assembly. 

Assembly is currently under construction at the former site of the General Motors Assembly Plant, which is conveniently located inside the I-285 perimeter. Integral purchased the property in 2014 and master developed the site before selling to Gray in March 2021.

Third Rail Studios will be integrated into the studio operations at Assembly. 

The Jones Day team was led by Patrick Baldwin (Picture).

Involved fees earner: Patrick Baldwin – Jones Day;

Law Firms: Jones Day;

Clients: Gray Television Inc.;

Author: Martina Bellini