Google Takes Manhattan

by Ainsley Jones

Google signed a contract to buy its New York office building for $1.9 billion.

Google is on the cusp of changing the skyline for tech companies in Manhattan. The search giant signed a contract to buy 111 8th Avenue in Manhattan, one of the world's premier carrier hotels, for approximately $1.9 billion, The Wall Street Journal reports.

The 2.9 million square foot property, the fourth largest office building in New York, currently houses the likes of Nike, Lifetime, WebMD and Google, which occupies 500,000 square feet, according to Datacenter Dynamics. Google plans to expand beyond the space in which it occupies at present. The 18-story building also sits atop main fiber optic cables in Manhattan and is built to support enormous weight, i.e. heavy servers.

This article was originally published on Wednesday Dec 8th 2010