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Nokia sells New York headquarters

Corey

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Corey Apprentice

Corey

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Nokia New York Headquarters Sold

Nokia has sold its New York headquarters, located north of Manhattan in the industrial town of White Plains. Purchased six years ago for $30 million, the struggling Finnish vendor sold the building to biotechnology firm Histogenetics for $12 million. ”It’s a great deal for 12 million bucks,” Michael Rao, president of the realtor representing Histogenetics, told LoHud.com. “The building is gorgeous. It’s so spectacular.” Nokia’s move comes as its struggles in the global mobile market continue; the company posted a huge $1.7 billion loss in the second quarter after losing $1.2 billion in the first quarter. Excluding the White Plains office, Nokia currently has 27 U.S. office locations listed on its website in addition to its North American headquarters in Sunnyvale, California.

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