Google Buys New York"s Chelsea Market For $2.4 billion
The search giant and world"s second most valuable company by market capitalisation pulled out $2.4 billion to buy New York"s famous Chelsea Market . The deal started earlier this year but was just concluded with the seller “ Jamestown ” a real estate investment and management company based in Atlanta and Cologne, Germany. In 2010, Google had paid $1.7 billion for the building facing the market which has 275,000 square meters of office floor space which is at 111 Eighth Ave and was bought from Jamestown real estate firm. And in 1913, they acquired an office in the Chelsea Market building which was built by Architect Albert G. Zimmerman, which serves as an office for the Google-owned online Company YouTube. Google already occupied a large space of the 1.2 million-square-foot complex, which is best known for its ground floor hall filled with restaurants and shops that are visited by a half million New Yorkers and tourists from all over the world. The real estate transaction be...