Google Inc. has finalized the previously reported purchase of New York City’s Chelsea Market building at 75 Ninth Ave. between 15th and 16th streets. The final purchase price was $2.4 billion. Google already occupies a significant portion of the 1.2 million-square-foot complex.
The seller is Jamestown, which bought out its partners in the property for $225 million in 2011.
Chelsea Market has a food hall on the first floor, which attracts about 6 million visitors every year, according to its website, while office space takes up the upper levels. Tenants include Food Network, Major League Baseball, Google and other broadcasting companies.
In 2010, Jamestown and its partners sold 111 Eighth Ave. to Google for $1.77 billion. Jamestown owned 70 percent of that property, which sits directly across Ninth Avenue from Chelsea Market. Since that time, Jamestown and Google have collaborated on a n
