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Google's new New York office cost more than $1.8 billion

Google plonk down $1.8 billion on new NYC office building

| Business, Financial & Legal News | Posted: Dec 23, 2010 1:00 am

Google have dropped $1.8 billion like it's hot (shout out to Snoop Dogg!) on a new office in the concrete city where dreams are made of (wink Jay-Z), New York City.

 

TweakTown image news/1/8/18173_463.jpg

 

They've spent the $1.8 billion on 111 Eighth Avenue in Chelsea. Google will also be leasing out the building to continuing and new tenants. Google have also said:

 

"Today, we're pleased to announce that we've closed a deal with the partnership of Taconic Investment Partners, Jamestown Properties and the New York State Common Retirement Fund to purchase 111 Eighth Avenue (also known as 76 Ninth Avenue).

 

As part of the deal, we've retained Taconic Management Company to continue the leasing oversight services and management of the building on our behalf, providing the same level of customer service the building's tenants have come to expect. We believe that this is a great real estate investment in a thriving neighborhood and a fantastic city."

 

Google has also said 2000 employees already work in the building. The building is 15 stories high, has 2.9 million square feet of space - with these details in mind, did you know it's also NYC's fourth largest office building?

 

An interesting comment made on the source too by "davidu", he says:

 

"It's worth pointing out that 111 8th Avenue is also one of the largest carrier interconnection points in North America, and certainly on the East Coast. More Data/Voice traffic flows through that building than almost any other building in the world."

 

Well... !

 

NEWS SOURCES:Techcrunch.com

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