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Google buying into Big Apple Bigtime



12:58 pm on Oct 27, 2010 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member

Google's big buy
Its $2B trophy purchase would rock NY real estate

Google appears close to buying the trophy 111 Eighth Ave. building, one of the largest buildings in Manhattan,

The price is rumored to be tantalizingly close to $2 billion.

The 18-story Chelsea giant carries 2.9 million square feet of space and covers an entire city block -- between Eighth and Ninth avenues from 15th and 16th streets...

...As a former Port Authority of New York and New Jersey industrial property, 111 Eighth Ave. has numerous back-up generators, lots of electrical power, antennas, fiber optics and high-tech facilities available to tenants...

Read full story... GO [nypost.com]


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