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Sony negotiates to become anchor tenant at 99 Hudson Boulevard

Commercial Observer reports Sony is seeking a larger Hudson Yards footprint because its current 11 Madison Avenue headquarters has no room to expand.

Reported · Written up by our desk · Commercial

Sony is in negotiations to become the anchor tenant of Tishman Speyer’s 99 Hudson Boulevard in Hudson Yards, with Commercial Observer saying the company may have already advanced to a term sheet.

The outlet notes that Sony’s current U.S. headquarters is in the top 568,000 square feet of 11 Madison Avenue, and that the company is looking for a newer, bigger and more collaborative workplace for employees.

Commercial Observer also reports Sony signed a lease in 2013 and moved to 11 Madison after selling its 550 Madison Avenue headquarters in 2012 for $1.12 billion.

The article adds that Sony has faced expansion limits at 11 Madison because there is no room to grow in the 30-story building, which was originally designed in 1928 to reach 100 stories before a change in plans.

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