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Sumitomo Corporation of Americas Purchases SPS Tower in Downtown Minneapolis

Minneapolis, Minnesota – February 6, 2019 – Sumitomo Corporation of Americas (SCOA) announced today their purchase of SPS Tower, a 31-story LEED certified office building in the heart of Minneapolis’ commercial business district (CBD). The building boasts an 84% occupancy level throughout its 655,070 square feet of rentable space. Anchored by major tenants SPS Commerce,

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Sumitomo Corporation of Americas joins BiTA; Aims at Using Blockchain Technology to Supercharge Current Portfolio

Sumitomo Corporation of Americas (“SCOA”) today announced it has joined the Blockchain in Transport Alliance, an organization dedicated to determining best practices and standards for Blockchain in the transportation and logistics industries. Read more

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Sumitomo Corporation Acquires Tight Oil Producing Asset in Eagle Ford

Sumitomo Corporation is pleased to announce that its subsidiary company, Summit Discovery Resources II LLC has reached an agreement with IOG Gonzales 1835 LLC, an entity managed by IOG Capital, LP, Covington Equity Investments LLC and 1836 Resources, LLC to acquire certain producing Eagle Ford properties in South Texas. Read more…

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Sumitomo Corporation Group Announces Partnership with TruTag Technologies

Sumitomo Corporation of Americas (“SCOA”) and Sumitomo Corporation (together “Sumitomo Corporation Group”), an integrated global trading and investment enterprise, is pleased to announce its investment in TruTag Technologies (“TruTag”) through the Presidio Ventures SCOA Fund, LLC, Sumitomo’s platform for investing in startups. TruTag is the first investment made through the Presidio Ventures SCOA Fund. TruTag

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Sumitomo Corporation Enters North American Railcar Axle Machining Business

New York, New York – April 5, 2016 – Sumitomo Corporation together with Sumitomo Corporation of Americas (collectively referred to as “the Sumitomo Corporation Group”) have entered into a 50/50 joint venture agreement with Greenbrier Rail Services (“GRS”), the railcar wheel and axle maintenance unit of The Greenbrier Companies, a leading supplier of transportation equipment

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