Sony ATV Music Publishing Executes a Lease for 50,000 Square Feet at Fifth Third Center
(May 20, 2013) – Nashville, Tennessee Sony/ATV Music Publishing is pleased to announce that it has executed a long-term lease with Amstar for 50,000 square feet of office space in downtown Nashville’s Fifth Third Center, a 490,281 square foot Class A office building located at 424 Church Street.
Recently, Sony Corporation of America and a group of investors acquired EMI Music Publishing, one of the world’s leading music publishing companies. Sony/ATV Music Publishing administers EMI on behalf of the investor group. As a result, Sony/ATV’s global administration offices, currently located at 65 Music Square West, will move to Fifth Third Center. Sony/ATV expects to increase headcount in various departments, including global administration, royalties, copyright, finance and human resources. The company will occupy three full floors at the Fifth Third Center and is set to move to the building before the end of the year.
The long-term presence of Sony/ATV’s creative offices on historic Music Row, located at 8 Music Square West, will not be affected by this move. However, the building at 65 Music Square West will be sold.
Commenting on the announcement, Martin Bandier, Chairman & CEO of Sony/ATV Music Publishing said, "We are thrilled to have found such accessible and functional office space in downtown Nashville’s beautiful Fifth Third Center. Our new offices will provide us the necessary room to expand, while still being part of Music City. We’re particularly grateful to the incredible support from Nashville Mayor Karl Dean and Governor Bill Haslam for helping us to continue to make Nashville, Tennessee Sony/ATV’s global administration hub."
"Sony/ATV’s decision to expand its global administration offices into the heart of downtown Nashville speaks to the vibrancy of our urban core and the strength of our brand as Music City," Mayor Dean said. "The music and entertainment industry is a major economic force in our city because of the growth of companies here like Sony/ATV. I want to thank Marty Bandier and everyone at Sony/ATV for their continued investment in Nashville and thank the Music City Music Council, the Nashville Area Chamber of Commerce and the state of Tennessee for their partnership."
"We are delighted to have Sony/ATV expand its presence in downtown Nashville in the Fifth Third Center. They are true leaders in the music publishing business and we are excited to establish a long-term relationship with such a great brand name," said Amstar Senior Vice President Della Wegman.
David McGahren, Jim Smith and Blake Newton of Cassidy Turley represented Sony/ATV Music Publishing and Bo Tyler and Tom Hooper of Jones Lang LaSalle represented Amstar.
Established in 1987 and headquartered in Denver, Colorado, Amstar is a real estate investment manager that acquires, develops and manages office, multifamily, retail, hotel and industrial properties in select U.S. and international markets. Originally formed to invest and manage the real estate allocation of a large family office client, Amstar began expanding its capital strategy nearly a decade ago and has grown to more than $2.4 billion in assets under management (as of March 31, 2013). Today, Amstar is proud to provide a high degree of focus and attention to its client relationships, counting among them leaders in the private and institutional investment community. Amstar’s clients originate from across the globe and include U.S. and European institutions, insurance companies, private banks, funds of funds, and other family offices.
About Sony/ATV Publishing
Sony/ATV Music Publishing, established in 1995 as a joint venture between Sony and Michael Jackson, is the world’s leading music publisher. Together with EMI Music Publishing, Sony/ATV owns or administers more than 2 million copyrights including those from such iconic music catalogs like Leiber Stoller, Mijac Music, Motown and Famous Music. Sony/ATV also controls many of the best known songs ever written like "New York, New York," "Hallelujah," "All You Need Is Love," "You’ve Got a Friend," "Moon River," "Jailhouse Rock," "The Mission Impossible Theme," "Ain’t No Mountain High Enough," "Over the Rainbow," "Stand By Me," "I Heard It Through the Grapevine" and "Singin’ in the Rain." In addition, Sony/ATV represents the copyrights of such legendary artists as The Beatles, Leonard Cohen, Neil Diamond, Bob Dylan, Marvin Gaye, Michael Jackson, Carole King, Kraftwerk, Joni Mitchell, Willie Nelson, Roy Orbison, Queen, The Rolling Stones, Richie Sambora, Sting, The Supremes, Wyclef Jean, Hank Williams and Stevie Wonder, among others. Its ever-growing list of chart-topping artists, writers and producers includes Akon, Fall Out Boy, Jessie J, Norah Jones, Alicia Keys, Lady Gaga, John Mayer, P!nk, RedOne, Shakira, Ed Sheeran, Stargate, Taylor Swift and Kanye West.
Jimmy Asci (Sony/ATV Music Publishing)
(212) 833-4513 (office)