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111 Eighth Avenue

111 Eighth Ave
New York, NY 10011
Office, Conversion
111 Eighth Avenue
111 Eighth Avenue is an Art Deco building in the Chelsea neighborhood of Manhattan. The 2.9 million-square-foot building occupies a full city block bounded by Eighth and Ninth Avenues and 15th and 16th Streets. Architecture firm Lusby Simpson of Abbott, Merkt & Co. designed the building for the Port Authority of New York and New Jersey, which completed it in 1932. 111 Eighth Avenue initially operated as a freight and storage hub. When railroad operations dwindled in Manhattan at the turn of the century, it became the headquarters of the Port Authority until the government agency moved to the first World Trade Center complex in 1970. Taconic Investment Partners acquired it in 1998 as part of a portfolio of assets that also included 95 and 99 Wall Street and 100 William Street. At the time, warehouse tenants occupied much of the property and Midtown South was not considered a white-collar business district. The buildings printing and warehouse tenants moved out and Taconic repositioned it as office space geared to media and technology companies. In 2010, Google, one of the buildings tenants, acquired 111 Eighth Avenue for $1.77 billion from Taconic. The real estate investment firm continued to manage the property on Googles behalf, as of September 2015. -GB & TA
  • Address 111 Eighth Ave
  • neighborhood Chelsea
  • borough Manhattan
  • owner/developer Google
  • floors 17
  • Year Built 1931
  • residential units 0
  • square feet 2,161,994
  • block and lot 1-00739-0001
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02/19/16
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Donny Deutsch’s advertising firm is moving out of its two-floor spot at 111 Eighth Avenue, freeing up nearly 135,000 square feet for Google in the building the...
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  • Event Sales
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3
  • Price $ 775,000,000
notes
Jamestown pays for 75 percent stake in building
  • Event Sales
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3
  • Price $ 1,770,000,000
notes
The property sold in an all-cash transaction for $1.77 billion. The Internet giant will occupy about 550,000 square feet of the building's space.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 25,000
notes
Theater company will moves its second stage, acting school and administrative offices by January 2006.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 40,000
notes
Fashion house relocating HQ from 55 Fifth Ave
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 76,912
  • Publication Date 04/01/2005
  • Event Date 02/20/2005
  • Party 1 Sprint eSolutions
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Grufferman, Gottlieb, Wechsler
  • Party 2 Internap Network Services Corporation
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Grufferman, Gottlieb, Wechsler
notes
Sublease space for office
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 98,913
notes
The hospital signed a 15-year lease extension for an outpatient cancer care facility.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 57,000
notes
The search engine giant signed a lease to expand in the building, where the company already occupies about 300,000 square feet.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 100,000
  • Publication Date 08/01/2012
  • Event Date 06/22/2012
  • Party 1 Google
  • Party 2 Deutsch
notes
The advertising firm signed a lease renewal, the Commercial Observer reported.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 90,000
notes
Moving from 224 West 30th St
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 83,000
  • Publication Date 11/01/2004
  • Event Date 09/22/2004
  • Party 1 Taconic Investment Partners, Jamestown, NY Common Retirement System
  • Party 1 Brokerage CBRE
  • Party 1 Broker Brian Gell, Susan MacWilliams
  • Party 2 Nike USA
  • Party 2 Brokerage Byrnam Wood
  • Party 2 Broker Joseph Thanhauser, Gordon Ogden
notes
Moving NYC hq from 620 Sixth Ave
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 311,000
notes
The search engine company closed on the lease in November. It will vacate 100,000 square feet at 1440 Broadway.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 40,000
  • Publication Date 05/01/2004
  • Event Date 03/22/2004
  • Party 1 Brokerage CBRE
  • Party 1 Broker Brian Gell
  • Party 2 Armani Exchange
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Alan Napack, Danielle Zimbaro
notes
Relocating and expanding office hq from 55 Fifth Ave
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 71,000
notes
The cable television network signed a 12-year lease to relocate its offices to the 11th floor of the building. The company is moving from 825 Eighth Avenue.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 134,830
notes
The advertising agency signed a lease renewal, the New York Post reported.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 56,000
  • Publication Date 08/01/2004
  • Event Date 06/22/2004
  • Party 1 Bank of New York Mellon
  • Party 1 Brokerage CBRE
  • Party 2 Knoll Furniture
  • Party 2 Brokerage Cushman & Wakefield, Carter & Associates
notes
Furniture co. moves from 105 Wooster in Soho and expands
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 50,000
  • Publication Date 02/01/2005
  • Event Date 12/23/2004
  • Party 1 Brokerage CBRE
  • Party 2 Lifetime Entertainment Services
  • Party 2 Brokerage CBRE
notes
Media co. moves technical operations from Queens, signs 15-year lease
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In a stark reminder that large tenants have retreated, the amount of available office space is piling up on a stretch of Sixth Avenue that...
Click to enlarge
Click to enlargeIt’s well-documented that Midtown South has become New York’s hub of new technology and media. But with available office space in the area...
Manhattan office stats April 2012
The large financial, media and legal firms that drive much of Manhattan’s office leasing market stood on the sidelines during 2012’s first quarter, allowing activity...
Benjamin Lambert (left), founder and chairman of Eastdil Secured, and companyCEO Roy March in the firm's Midtown headquartersg Google's record $1.8 billion purchase of 111 Eighth...
The giant, 900,000-square-foot relocation and expansion lease that Japanese financial firm Nomura Holdings America signed in Midtown late last month punctuated an improved second quarter...
It's time to raise the rent -- at least according to landlord representative brokers, who were urging their owners to do so in the first...
Click the chart for more Quirkily named Internet startups were dominant in last month's Super Bowl advertising. Initial public offerings for these companies have recently been...
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The Manhattan office market is still wallowing in a slowdown that is expected to continue, though many brokers bet Midtown South neighborhoods will weather the...
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Smart commercial shoppers make the submarket more than a cheaper also-ran to Midtown ...
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Reports of Downtown's death as a commercial center may be greatly exaggerated. ...
Michael and Paul Ippolito Executive VPs and Principals, Newmark & Co. --Although the Ippolito brothers, Michael and Paul, joined Newmark at a difficult time, they were rescued...
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