Google Expands by 60K SF at Vornado, Related’s 85 10th Ave in Chelsea
By Rey Mashayekhi May 5, 2017 12:26 pm
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Google has activated an option to take an additional 60,000 square feet of office space at Vornado Realty Trust and Related Companies’ 85 10th Avenue, Vornado Chief Executive Officer Steven Roth said on the real estate investment trust’s earnings call this week.
The tech behemoth—which in 2014 signed on for 180,000 square feet at the 11-story, 618,000-square-foot property between West 15th and West 16th Streets—agreed to exercise an option to take its total footprint at the former Nabisco factory to 240,000 square feet, a Google spokesman confirmed to Commercial Observer.
A Vornado spokesman confirmed the transaction but declined to provide further comment. The Real Deal first reported news of Google’s expansion at 85 10th Avenue.
Asking rents, lease length and brokers were not disclosed. Google’s initial lease in 2014 was secured at a starting and effective rent of just under $77 per square foot and runs through February 2026, according to CoStar Group.
The building, which is located near the High Line and overlooks the Hudson River, is owned through a joint venture between Vornado and Related. Other tenants at 85 10th Avenue include defense and intelligence firm L3 Technologies, data services provider Telehouse International and Moët Hennessy USA.
