Aaron Elstein reports for Crain’s New York Business
You can call Chelsea “Googleopolis.”
The tech giant already owns or rents nearly all the property between West 15th and West 16th streets from Eighth Avenue to the middle of the Hudson River on Pier 57, and Wednesday it announced ownership of another property in the neighborhood, acquiring the Milk Building at 450 W. 15th St. from Jamestown Properties for an undisclosed sum.
Jamestown was represented by Doug Harmon, Adam Spies, and Kevin Donner at Cushman & Wakefield, and Google was represented by Darcy Stacom at CBRE.
The building is connected by a bridge to Chelsea Market, which Google also owns after acquiring it from Atlanta-based Jamestown last year for $2.4 billion.
Google plans to occupy three of the Milk Building’s eight floors.
“This purchase will help us meet our short-term growth needs in Chelsea-Meatpacking,” said William Floyd, Google’s director of external affairs. “We are excited by this investment and are committed to continuing to contribute to the vibrancy of this amazing neighborhood.”
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