NEW YORK CITY-One of Manhattan’s largest office buildings, 111 Eighth Ave., has been sold by a partnership of Taconic Investment Partners, Jamestown Properties and the New York State Common Retirement Fund to Google Inc. The terms and amount of the sale were undisclosed, however, sources say that the deal was around $1.8 billion.

“When we purchased the building 12 years ago, we recognized the remarkable potential that 111 Eighth Ave. offered--the opportunity to transform a building that occupies an entire city block with an incredible infrastructure into a class A office building that would elevate Chelsea into an attractive commercial office alternative to Midtown,” says Paul Pariser, co-chief executive officer of Taconic Investment Partners.

As part of the deal, Google has retained Taconic Management Co., a subsidiary of Taconic Investment Partners, to continue the leasing oversight services and management of the building on its behalf, providing the same level of customer service the building’s tenants have come to expect.