Google buys huge office building in the heart of New York

NEW YORK .- The Internet search engine company Google confirmed today in New York that it has acquired one of the most prestigious office buildings in Manhattan.

The company did not disclose the price paid for the property located at 111 Eighth Avenue, but the Los Angeles Times estimates it at 2 billion dollars.

The company said more than 2,000 employees work in the 18-story building that fills an entire block and has about 27 million square feet of office space.

Google said the current tenants, include Current Armani Exchange, Barnes & Noble, Nike, WebMD, Sprint and Lifetime Networks, will remain in their offices.

The property has a privileged location as the city’s main avenue runs by it. Furthermore, the building is considered the most important “carrier hotel” in that area. The building was designed by Lusby Simpson for New York and New Jersey’s Harbor Authority and was completed in 1932.

A statement from a vendor, Taconic Investment Partners, said “it seems to be the largest sale for a single building in the United States during 2010.”

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