Home > Commercial Real Estate News > #CRE : It’s official, Google just bought one of New York’s biggest buildings – #RealEstate

#CRE : It’s official, Google just bought one of New York’s biggest buildings – #RealEstate


It’s official, Google just bought one of New York’s biggest buildings – Google 24/7 – Fortune Tech.

Rumored for weeks, the sale gives Google a permanent home in Manhattan’s Chelsea neighborhood.

First reported in October and again earlier this month, Google (GOOG) has finally closed on its biggest real estate purchase to date: the 111 8th Avenue building.

The 18-story Chelsea giant is almost 3 million square feet and covers an entire city block, between Eighth and Ninth avenues from 15th and 16th streets. It is listed as the third largest building in Manhattan by square footage.

The deal is reported to be the largest single-asset sale in the U.S. in 2010 and the largest-ever acquisition by a tenant/user.(click link for full story)

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: