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NEW YORK CITY—Google is negotiating with the owners of St. John’s Terminal, Oxford Properties Group and a subsidiary of the Ontario Municipal Employees Retirement System, to buy or lease a 1.3 million square-foot office building in the development, as first reported in The Wall Street Journal. The publication stated that when completed in 2022 the building would provide Google with enough square footage to house more than 8,500 employees.
Google also signed a 15-year lease for 250,000 square feet at Pier 57. The WSJ stated that the added space at Chelsea Market and at the pier would accommodate 3,500 employees. Thus, it estimated Google’s latest planned expansions in total would allow adding 12,000 employees to its New York City workforce.
Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
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