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Google to Buy NYC Office Building for $2.1 Billion

Google is planning on spending $2.1 billion to buy the St. John’s Terminal in Manhattan. This space will serve as the anchor to their Hudson Square campus.

“As Google moves toward a more flexible hybrid approach to work, coming together in person to collaborate and build community will remain an important part of our future, Alphabet and Google Chief Finacial Officer Ruth Porat said on Google’s blog. “It is why we continue investing in our offices around the world. Our decision to exercise our option to purchase St. John’s Terminal further builds upon our existing plans to invest more than $250 million this year in our New York campus presence.”

Earlier this year, Alphabet-owned search engine giant Google recommitted to increasing its workforce and office space in New York. This new deal shows they are continuing to work towards doubling their workforce in the city.

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