Sony Corporation has found a fresh home in New York, it was announced today. The company sold its iconic black tower on Manhattan's east side a little over a year ago for $1.1 billion.
The new offices, at 25 Madison Avenue, overlook Madison Square Park and occupy the top ten floors of the building, totaling 525,000 square feet of space. The space was leased from the Sapir Organization and the CIM Group for 15 years and will serve as the American headquarters for Sony Corporation as well as the world headquarters of Sony Music Entertainment and Sony/ATV Music Publishing.
“We’re excited to be moving to this magnificent building in one of New York City’s most dynamic and desirable neighborhoods,” said Nicole Seligman, president of Sony Corporation of America. “Our new home will put us right where we belong: among the city’s leading cutting-edge technology and entertainment companies.”
The move is planned to be completed in early 2016.