Alphabet Inc. unit Google Inc. is poised to acquire the 1.2 million-square-foot Chelsea Market mixed-use building at 75 9th Ave. in New York for more than $2 billion in a deal set to be completed in two months, The Real Deal reported, citing unnamed sources.
The tech giant already occupies more than 400,000 square feet of space at the property, making it the largest tenant, with Major League Baseball and Food Network also among the tenants.
The seller is Jamestown, which bought out its partners in Chelsea Market for $225 million in 2011, valuing the asset at $800 million.
According to the publication, Google and Jamestown representatives could not be immediately reached for comment.
