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Google Buys Massive Building in NYC Chelsea

Earlier this month we learned that Google was closing a deal that would see the search giant acquire the 2.9-million-square-foot building that currently houses the company's New York office.

The company actually only occupies about 500,000 square feet of the building, which is situated in Manhattan's Chelsea neighborhood, and now Google has confirmed that it is indeed the owners of the entire place.

See the building here on Google Maps.

From the official blog:

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. Like the city, our New York office is a melting pot of cultures and ideas—it’s home to Googlers from more than 35 countries who speak more than 40 languages. They live in the five boroughs and spread across the tri-state area.