Jamestown finalized the sale of The Milk Building, located at 450 W. 14th Street, to Google earlier today. The building is an eight-story, 325,000 square foot office and retail property. Jamestown has owned the building since late 2012.
Jamestown was represented by Doug Harmon, Adam Spies, and Kevin Donner at Cushman & Wakefield, and Google was represented by Darcy Stacom at CBRE.
“We look forward to continuing to enhance our community as Google expands their urban campus in West Chelsea,” said Michael Phillips, President of Jamestown.
“Google has officially completed the purchase of the Milk building from Jamestown Properties. This purchase will help us meet our short-term growth needs in Chelsea-Meatpacking, the community we’ve called home for more than a decade, as we plan to double our presence in New York over the next ten years. We are excited by this investment and are committed to continuing to contribute to the vibrancy of this amazing neighborhood,” said William Floyd, Director of External Affairs at Google.
SEE ASLO : Google announces $13 billion real estate investment
”This additional space in the Milk building, which is connected to our existing office space in Chelsea Market via sky bridge, allows us to accommodate immediate short-term growth as we continue to expand both here in Chelsea and to our future Hudson Square campus. Google will occupy three floors in the Milk building and plans to start moving some operations and support teams into already vacant tenant spaces at the end of the month. We will continue to honor all existing tenant lease agreements as part of this purchase,” Google says.