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Google Buys Manhattan Building See full article from DailyFinance

MELLY ALAZRAKI Daily Finance
Google Buys Manhattan Building  See full article from DailyFinance - Google - commercial property - Manhattan


Google (GOOG) is buying the huge Manhattan building that houses its New York City offices in a deal that values the property at close to $1.9 billion, The Wall Street Journal reported, citing unnamed sources.



The 18-story, 2.9-million-square-foot property at 111 Eighth Avenue, which covers an entire city block, between Eighth and Ninth avenues from 15th to 16th streets, is listed as the third largest building in Manhattan by square footage,Fortunereports. The Chelsea-neighborhood building is occupied with tenants like Nike (NKE), the Lifetime cable channel, and many telecommunication companies, according to theJournal. Google offices are in about 500,000 square feet of the building.



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