Lease Beat

Google Expands at Chelsea Market

Google has completed a deal to expand its presence at Chelsea Market by approximately 90,000 square feet, a source familiar with the deal confirmed with The Commercial Observer.

The tech giant’s total space at the Market will now total about 250,000 square feet. The new space is spread throughout the building, according to the source.

News of the lease was reported by the New York Post earlier this week. According to an earlier report by Crain’s, the deal includes a sublease of market research firm GFK’s fifth-floor space of 58,523 square feet.

440px chesea market from south Google Expands at Chelsea MarketGKF will be consolidating and moving to a 75,000 square foot space at the World Financial Center, according to the Post report.

Mark Jaccom of Cresa Partners and Richard Plehn of Colliers represented GKF and Newmark Grubb Knight Frank represented Chelsea Market through David Falk, according to the Post. Google was represented by CBRE.

Google has approximately 3,200 employees in its New York offices, split between Chelsea Market and 111 Eighth Avenue. New York is the company’s second largest location.

As reported by The Commercial Observer last year, Google’s expansion plans at 111 Eighth Avenue have been hindered by other tenants renewing their leases in the building.

Follow Gus Delaporte via RSS. gdelaporte@observer.com