Google buys NYC Manhattan Building for approximate $1.8 billion

By on Dec 4, 2010 in Economy, United States Comments


New York – Different international business news site reports, that Google has signed a deal for owning the big building in 111 Eighth Avenue in Manhattan’s Chelsea neighborhood. Google, leader of Internet search engine, presently occupies about 20 percent of the 2.95 million square foot building.

According to reports, the deal was disclosed by a source familiar with the deal, but was not authorized to speak on public.

The building is owned by Taconic Investment Partners, the New York State Common Retirement Fund and German investment group Jamestown Properties.

The building was originally developed as the headquarters of the Port Authority of New York and occupies an entire square block between Eighth and Ninth avenues and 15th and 16th Streets.

It is the second largest building in New York City.

This report is yet to be confirmed officially by Google.

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