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Music Distributor Doubles Its Space

NEW YORK-Red Distribution takes 18,500 sf on the 16th floor of 79 Fifth Ave.

By John Howe | Updated on October 19, 2000

NEW YORK CITY-Red Distribution has leased 37,000 sf at 79 Fifth Ave. for $53 per sf. The music distributor, which had been housed in the Flatiron Building, doubles its space with 18,500 sf on the 16th floor. Sony Music Entertainment has a 20% stake in firm. It sold off the balance late last year to a German company.

The transaction brings the property’s occupancy to 100%. Other tenants include Structure, a division of the Limited, the Foundation Center, iXL and PR 21.

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