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

04/17/18
...Broadway since 2013. Google first bought into Chelsea at 111 Eighth Avenue in 2010 for $1.77 billion and in 2015 signed a lease to anchor RXR Realty and Youngwoo...

...Broadway since 2013. Google first bought into Chelsea at 111 Eighth Avenue in 2010 for $1.77 billion and in 2015 signed a lease to anchor RXR Realty and Youngwoo...

03/26/18
...Zero. When Google made its record purchase of 111 Eighth Avenue in 2010, it took out a $470 million loan from Bank of America. Given that it...

03/26/18
...in Manhattan. Between its monster $1.77 billion deal for 111 Eighth Avenue in 2010 and its lease deals at 85 10th Avenue and RXR Realty and Youngwoo &...

03/21/18
...estate acquisitions alone — including the $1.77 billion deal for 111 Eighth Avenue in 2010 and the $2.4 billion buy of 75 Ninth Avenue that closed Tuesday — Google is earning...

03/20/18
...Google’s second major New York purchase after 111 Eighth Avenue, which it bought for $1.77 billion in 2010. To close that deal, Google secured a $467.9 million...

03/05/18
...long game. Between its monster $1.77 billion deal for 111 Eighth Avenue in 2010 and its lease deals at 85 10th Avenue and the upcoming Pier 57 project, Google...

...long game. Between its monster $1.77 billion deal for 111 Eighth Avenue in 2010 and its lease deals at 85 10th Avenue and the upcoming Pier 57 project, Google...

02/26/18
...in the real estate industry. Not only is 111 Eighth Avenue the headquarters for Google, it’s also the home of Wolters Kluwer subsidiary CT...

02/23/18
...company represented Google in its first lease at 111 Eighth Avenue in 2005. “I believe it has been more difficult than anticipated to empty out 111 and...

02/15/18
...the Meatpacking District in 2005 with its lease at 111 Eighth Avenue and its latest deal to buy the Chelsea Market building next door for $2.4 billion...

02/12/18
...York state’s pension fund had just put 111 Eighth Avenue up for sale with a target price of $2 billion. The sellers hoped to make...

02/08/18
...Google bought its nearby New York headquarters at 111 Eighth Avenue for $1.77 billion in 2010. States look to end bans on rent control Lawmakers in California...

02/08/18
...billion purchase of the 2.9 million-square-foot office building at 111 Eighth Avenue in 2010. The price per foot closed at $610. Although the market was sluggish and just...

02/06/18
...of space. The company's New York headquarters, at 111 Eighth Avenue, is right across the street. The deal, which looks to be the first billion-dollar-plus...

01/19/18
...Google owns the former Port Authority headquarters at 111 Eighth Avenue, which it bought from Taconic Investment Partners for $1.77 billion in 2010. But while the hulking...

07/27/17
...a 2.9-million-square-foot building in the Meatpacking District at 111 Eighth Avenue. Taconic would later sell 111 Eighth Avenue to Google for $1.8 billion. "We sort of saw...

07/24/17
...own, they moved on a four-building portfolio -- 111 Eighth Avenue, 95 Wall Street, 99 Wall Street and 100 William Street -- marking their first major bet on...

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...

...at 60 Hudson Street, 32 Avenue of the Americas and 111 Eighth Avenue. A Sept. 26 report by Citibank argued that the REIT’s high level of shorting...

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...

...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...

...advertising agency away from the Google building at 111 Eighth Avenue to a roughly 74,000-square-foot space. More recently, Vornado convinced retailer Foot Locker to relocate...

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...
  • 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
  • Publication Date 06/01/2013
  • Event Date 04/22/2013
  • Party 1 Google
  • Party 1 Brokerage CBRE
  • Party 2 Deutsch
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Robert Silver, Henry Kobrin
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
  • Publication Date 11/01/2004
  • Event Date 09/22/2004
  • Party 2 PHI
  • Party 2 Brokerage Newmark Grubb Knight Frank
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...

...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...

...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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