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Google Closes on $2.4B Acquisition of Chelsea Market

Jamestown formally announced the sale on Tuesday.

Chelsea Market/ (image credit: Jamestown)

NEW YORK CITY—Google’s $2.4 billion acquisition of Chelsea Market from Jamestown was finalized on March 20. The technology titan currently already occupies significant space in the 1.2 million square-foot complex located at 75 Ninth Ave.

The former Nabisco factory takes up the full lot bordered by Ninth and Tenth avenues and 15th and 16th streets. Each year the ground-floor food hall, which also contains a variety of shops, sees more than 500,000 visitors. The sale should not affect the experience of people coming to Chelsea Market.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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