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headquarters

Sony Sells U.S. Headquarters for $1.1 Billion

by Sohrab Osati | Jan 18, 2013 | 3 comments

If you woke up this morning and guessed to yourself that Sony has one less headquarters and an extra $1.1 billion, you’d be correct. Sony has just announced the sales of they New York City headquarter (pictured on the right) to a group of investors led by Chetrit Group. Sony will use the billion and change to:

“undertake a range of initiatives to strengthen its financial foundation and business competitiveness and for future growth.”

Of course simply selling a building does not equate to pocketing all that money. After paying involved fees and remaining debt related to the building, Sony will be able to cash in around $770 million. The transaction, which is expected to be completed by March, will see Sony lease the building for its Sony Music Entertainment, Sony/ATV Music Publishing and Sony Pictures Entertainment who currently reside there. According to Business Week, Sony shares surged 12 percent to 1,149 yen at the close of trading in Tokyo, the biggest gain since Oct. 14, 2008 after the announcement.

Sony to Move Corporate Headquarters from Foster City

by Sohrab Osati | Oct 3, 2011 | 29 comments

Sony Computer Entertainment America LLC, more famously known to consumers as just Sony, has announced that they will be moving their headquarters from Foster City to a newer building in San Mateo. The lease, which will go into effect in 2013 (giving Sony just a little over a year to make the move), will give the electronic giant a 450,000-plus square-foot campus at 2207 Bridgepoint Parkway.

For current employees, the best news besides the fact that they will be stationed in a brand new building is that the new Sony HQ will only be a mile away from the old (current) location. Sony is looking to prepare and start renovations by year’s end.

“The new property will accommodate SCEA’s long-term business needs and growth plans, and provides an engaging space that befits the PlayStation brand,” the company said in its statement.

The campus is listed as ”plug and play” in their advertisement brochure, though we don’t know exactly what that means, besides that it probably has rooms with electrical outlets AND ethernet ports. After the jump, you can find plenty of pictures of the new Sony HQ and I must say that it’s an extremely beautiful campus. I imagine that Sony employees will be very happy in this new building come 2013.

After the jump, you can find a gallery of the new campus, including interior pictures.