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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 over $ 1.8 million 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.

“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

Google Close To Paying $2 Billion For Its NYC Headquarters

Google is close to paying ~ billion for the building it’s currently renting in the Chelsea neighborhood of New York City, the New York Post reports.

(We toured the office last year, camera in tow, click here to check out Google’s New York offices.)

The Chelsea building is one of the biggest in the city, covering an entire city block between 8th and 9th avenue and 15th and 16th streets. It is 2.9 million square feet large. Google occupies around 550,000 square feet of the building today.

Google would be paying 0 per square foot, which