Google will purchase the building of the Chelsea Market for $2 billion

Google will purchase the building of the Chelsea Market for $2 billion

Corporation Google going to buy the building Chelsea Market nearly $ 2 billion. On Tuesday announced the publication of the Real Deal, citing unidentified sources.

The transaction of purchase and sale will be the logical conclusion of the previous lease — Google has long shoots 3 floor 8-storey building on 9th Avenue, and another is owned by his company Youtube.

Google will purchase the building of the Chelsea Market for $2 billion

Besides, new York’s Google headquarters is right across the street from Chelsea Market is located at 111th Avenue. According to the agreement between buyer and seller, the building will become the property of tech giants in two months.

Every square meter in the building of a trading complex will cost the company $1600.

The transaction of billions of dollars of magnitude will be the first in new York this year and the second since the beginning of 2017. It was preceded by the acquisition by the Chinese conglomerate HNA Group of the building at 245 Park Avenue.

Note that today Google is considered one of the largest tenants and owners of expensive real estate in Chelsea. In 2010, the company paid $1.77 for their current headquarters, and in 2015 signed a contract for the hire of 76 km2 in the building, developed under a joint project RXR Realty and Young Woo.

 

 

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