Nokia has sold its New York headquarters, located north of Manhattan in an industrial area outside of White Plains, New York. 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.
Nokia sells New York headquarters
Updated Dec 19th, 2018 8:25PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
