Sony US to sell NY HQ for $1.1bn
Sony Corporation of America, that encompasses Sony Music Entertainment, Sony/ATV Music Publishing and more – has agreed to sell its New York headquarters for $1.1 billion.
Billboard reports that the Madison-located offices have been snapped up by a consortium of investors led by the Chetrit Group.
The sale/leaseback agreement is due to be completed in March, although Sony companies are said to be remaining in the offices for up to three years.
The move is set to raise $770 million ...
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