111 Eighth Avenue | The Real Deal New York

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111 Eighth Avenue

111 Eighth Avenue
New York, NY 10011
Office, Leasing/Rental

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 Avenue
  • neighborhood Chelsea
  • borough Manhattan
  • owner Google
  • owner entity ALPHABET INC.
  • floors 17
  • Year Built 1931
  • square feet 2,161,994
  • block and lot 1-00739-0001
  • BIN 1013043

05/02/17
...spread across four buildings, including its headquarters at 111 Eighth Avenue. Last month, Google was reported to be among the tenants considering leases at Brookfield...

09/20/16
...Platinum-certified by WiredScore, the same as Google’s 111 Eighth Avenue. Do you think Moynihan Station will turn into a tech hub if GE, which...

02/19/16
...expanded their footprint in the city. Google bought 111 Eighth Avenue, which is a nearly 3-million-square-foot building, for its New York City headquarters. Earlier this...

01/18/16
...the investment sales market. The Google Building at 111 Eighth Avenue, for example, was assessed by the city as being worth $827.7 million in 2013, but the...

12/14/15
...purchase of its New York City headquarters at 111 Eighth Avenue was the only billon-dollar transaction of 2010. Activity is not expected to be as strong...

11/02/15
...in Soho (inset: Google's New York headquarters at 111 Eighth Avenue) Google has ditched plans to open its first retail store in New York City...

04/28/15
...out of its digs at Google's headquarters at 111 Eighth Avenue. Google has been looking to buy out some of its tenants there, to expand...

03/04/15
...From left: Google's headquarters at 111 Eighth Avenue and WebMD CEO David Schlanger Google paid WebMD an undisclosed sum of money to...

12/08/14
...Hudson Square, Scott Panzer and WebMD office at 111 Eighth Avenue WebMD is in late-stage negotiations to sublease more than 147,000 square feet of space at...

11/24/14
...since Google paid $1.8 billion for its building at 111 Eighth Avenue, according to Bloomberg News. Earlier this month, the Borough Park investor partnered with Rubin...

08/20/14
...Partners where Ric Clark is CEO; Google’s 111 Eighth Avenue, with $143 million; and Stahl Real Estate’s 277 Park Avenue, with $136 million, the Genesis data...

08/06/14
...From left: Donny Deutsch, 111 Eighth Avenue and 330 West 34th Street Donny Deutsch's advertising firm is moving out of its two-floor...

07/29/14
...Google's 111 Eighth Avenue NYC headquarters Google purchased the former Port Authority building at 111 Eighth Avenue in 2010, and...

07/28/14
...foot in the area surrounding Google’s headquarters 111 Eighth Avenue. And the western terminus of 14th street has become one of a handful of...

04/14/14
...s New York offices currently are based at 111 Eighth Avenue and inside Chelsea Market. Two potential new office outposts could be the New York...

02/26/14
...high-profile sale in 2010 with the $2 billion deal for 111 Eighth Avenue, picked up by Google. -- Julie Strickland...

02/18/14
...expand at its New York headquarters at nearby 111 Eighth Avenue, and unsuccessfully tried to nudge out fellow tenants, including Nike. -- Mark Maurer...

02/04/14
...111 Eighth Avenue More than 12 businesses along Eighth Avenue between West 14th and West 23rd streets shuttered...

01/29/14
...and pointed to Google’s $1.9 billion purchase of 111 Eighth Avenue in 2010. "For high tech companies, for media companies, a building like this could lend...

01/27/14
...Avenue, Google's Larry Page and Sergey Brin and 111 Eighth Avenue Google is expanding further at Jamestown Properties’ Chelsea Market, The Real Deal has learned...

01/17/14
...Google's 111 Eighth Avenue NYC headquarters Tech giant Google scored more than $21 million in real estate tax savings...

01/16/14
...million, while Google’s New York headquarters at 111 Eighth Avenue will pay at least $30 million, according to the paper. Google’s building saw the...

01/06/14
...purchases has quite topped Google's $1.8 billion acquisition of 111 Eighth Avenue at the end of 2010, the spate of deals marks a turnaround for the market...

11/26/13
...Court Square 2. Inside Google’s Manhattan digs, at 111 Eighth Avenue  3. NYCHA shouldn’t have to pay $74 million annually for NYPD patrols, says State Senator...

10/29/13
Brooklyn native Jack D. Hidary is a respected technology entrepreneur, angel investor, board member of nonprofits such as the Clinton Global Initiative, and a cousin...
  • Event Sales
  • Address 103 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,796,543
  • Price $ 1,800,000,000
  • Publication Date 03/01/2017
  • Event Date 01/15/2017
  • Party 1 Google
  • Party 2 Alphabet
notes
Google transferred three commercial properties to its parent company for $1.8 billion.
  • 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 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 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 Sales
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,900,000
  • Price $ 1,770,000,000
  • Price per foot $ 610.34
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 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 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 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 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 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 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
  • 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 76 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 10,000
notes
Susan Dell (wife of Michael) takes office space for clothing line
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 83,000
notes
Moving NYC hq from 620 Sixth Ave
  • 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 40,000
notes
Fashion house relocating HQ from 55 Fifth Ave
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 40,000
notes
Relocating and expanding office hq from 55 Fifth Ave
  • Event Sales
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,900,000
  • Price $ 775,000,000
  • Price per foot $ 267.24
notes
Jamestown pays for 75 percent stake in building

Midtown Manhattan
...Midtown South in 2005, when it leased space at 111 Eighth Avenue, and subsequently purchased that building for $1.9 billion in 2010. Both moves helped cement the submarket...

...probably just after Google over the whole of 111 Eighth Avenue.” Downtown Downtown is gearing up to welcome another new media tenant to its ranks...

...That’s even after Google purchased the 2.9 million-square-foot 111 Eighth Avenue across the street from Chelsea Market.) The firm is trying to grow by taking...

...takes more space in the office building at 111 Eighth Avenue, it has pushed out other tech companies, who are now looking for space nearby...

...year after Google’s purchase of the 2.9 million-square-foot 111 Eighth Avenue in late 2010, a sea change has slowly evolved in Midtown South, said Bruce Mosler...

...the firm's Midtown headquartersgGoogle's record $1.8 billion purchase of 111 Eighth Avenue late last year momentarily put the name Eastdil Secured on the lips of everyone...

...underscored by Google's record-setting purchase last year of 111 Eighth Avenue in Chelsea (see article on page 39) -- some Internet firms have made a home...

...brokers say Google's December purchase of the 3 million-square-foot 111 Eighth Avenue in Chelsea, between 15th and 16th streets, will attract additional technology firms to the...

...in the room, Google's recent $1.9 billion purchase of 111 Eighth Avenue. These days it seems you can't escape that eerily familiar sense that we are...

...South, according to Zar. Some outliers exist, including 111 Eighth Avenue and 601 West 25th Street in Chelsea, which have extremely large floor plates. Bergey said...

...in Manhattan when it took 281,000 square feet in 111 Eighth Avenue, at 16th Street. Also, improvements to what could be called the amenities of Midtown...

...of these buildings with very large floorplates, like 111 Eighth Avenue, 450 West 33rd Street and the Starrett-Lehigh Building. These buildings have decreased their vacancy rates...

...the company to a 75,000 square foot space at 111 Eighth Avenue. The deal was not easy considering there was better space in other parts of...
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