Wednesday, December 22, 2010

Google Drops More Than $1.8 Billion On Newest New York Office

Google's next big revenue model? New York City landlord. The search engine just posted on its own blog that it has today sealed the reported >$1.8 billion dollar deal to purchase 111 Eighth Avenue in Chelsea, where it already occupies�550,000 square feet. As part of the deal, Google will be leasing out the building to continuing and new tenants. Google also reports that over 2000 Googlers currently work in the building and that the company plans on hiring more to fill up the massive space -- At 15 stories and 2.9 million square feet, 111 Chelsea (also known as 76 Ninth Avenue) is New York City's fourth largest office building.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/kaMN1_8Tun8/

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