The Real Deal New York

Google has closed on 111 Eighth Avenue, according to sellers Taconic Investment Partners and Jamestown Properties. Although the sellers declined to comment on the closing price, a source with knowledge of the deal told The Real Deal that the previously reported figure of $1.77 billion was accurate. Google paid all-cash for the 2.9 million-square-foot Chelsea building, located between 15th and 16th streets, where it will occupy about 550,000 square feet. TRD