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WSJ: Google is Buying 111 8th Avenue « Data Center Knowledge

  • WSJ: Google is Buying 111 8th Avenue

    December 3rd, 2010 : Rich Miller

    The exterior of 111 8th Avenue, one of the premier carrier hotels in Manhattan.

    Google has signed a contract to buy 111 8th Avenue in Manhattan, one of the world’s choicest pieces of Internet real estate, the Wall Street Journal reports. The search company will pay for approximately $1.9 billion, the Journal says, citing sources familiar with the deal.

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    111 8th Avenue is one of the premier “carrier hotels” in New York. The enormous building houses major data center operations for Digital Realty Trust, Equinix, Telx and many other providers and networks, as well as 500,000 square feet of office space for Google.

    The 2.9 million square foot building, which occupies the entire city block between 15th & 16th Streets from Eighth to Ninth Avenues, was placed for sale in September by an ownership group including Taconic Investment Partners, the New York State Common Retirement Fund and the German investment group Jamestown.