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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
    • 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 111 Eighth Avenue
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 83,000
    notes
    Moving NYC hq from 620 Sixth Ave
    • 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 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
    • 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 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

    10/01/2014
    Newmark Knight Grubb Frank’s Paul Ippolito recently spent time touring properties with a technology company on the hunt for Manhattan office space. He showed theNewmark Knight Grubb Frank’s Paul Ippolito recently spent time touring properties with a technology company on the hunt for Manhattan office space. He showed the...

    02/01/2013
    The recent sale of a hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out The recent sale of a hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out...

    11/01/2012
    Like much of Midtown South, the Chelsea submarket is in demand with inventory tight and the online behemoth Google looking for more office space. (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 more space in its Eighth Avenue building, but longterm tenants there are hemming it in, insiders said...

    10/01/2012
    Click to enlarge It’s well-documented that Midtown South has become New York’s hub of new technology and media. But with available office space in the Click to enlarge It’s well-documented that Midtown South has become New York’s hub of new technology and media. But with available office space in the...

    04/01/2012
    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 activityThe 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...

    10/03/2011
    His December 2010 sale of 111 Eighth Avenue to Google for $1.77 billion is the largest user acquisition ever...

    06/30/2011
    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 quarterThe 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...

    03/31/2011
    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 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...

    03/01/2011
    Then, of course, there's the gorilla in the room, Google's recent $1.9 billion purchase of 111 Eighth Avenue...

    11/20/2007
    Midtown South itself has little in the way of vacant large Class A spaces - only one, in fact, by October measured more than 200,000 feet, according to Cushman & Wakefield. But it does offer more Class B space than either Downtown or Midtown, and, for companies that want a Manhattan toehold, that space may suffice. Google, for one, signed the biggest commercial lease of November in Manhattan when it took 281,000 square feet in 111 Eighth Avenue, at 16th Street...

    06/01/2004
    The team's most remarkable transaction in 2003 was a 475,000 square foot deal that negotiated long-term client Double Click out of a 400,000 square foot space at 450 West 33rd Street and relocated the company to a 75,000 square foot space at 111 Eighth Avenue...
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