Google said that it has purchased an 18-story building in New York to house its more than 2,000-strong workforce in the city.
Google did not announce a purchase price for the building at 111 Eighth Avenue in the Chelsea neighborhood but the New York Post put the cost at $1.77 billion.
The newspaper said the final price, including transfer taxes and assorted other fees, could be 1.9 billion dollars.
“Google New York started in a Starbucks on 86th Street with one person in 2000 — a scrappy, highly-caffeinated sales ‘team,'” said David Radcliffe, Google’s vice president for real estate and workplace services.
“Now we have more than 2,000 Googlers working on a variety of projects in both sales and engineering — and we’re hiring across the board,” Radcliffe said in a blog post.
“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,” he added.
“We believe that this is a great real estate investment in a thriving neighborhood and a fantastic city,” he said
According to the Post, the Art Deco building has “numerous back-up generators, lots of electrical power, antennas, fiber optics and high-tech facilities available to tenants.”