Google's Strategy for 111 8th Avenue Space Could Leave Web Hosts Looking Elsewhere

By Justin Lee, June 06, 2011

An image of the 111 8th Ave building in Manhattan

(WEB HOST INDUSTRY REVIEW) -- Just a few months after Google (www.google.com) acquired Manhattan's 111 8th Avenue data center carrier building, it appears as though the company is looking to significantly expand on its office space within the building, according to a report by Data Center Knowledge.

In December, the company acquired the massive Internet hub, which spans 2.9 million square feet and is estimated to be worth $1.9 billion.

Originally the headquarters of the Port Authority of New York and New Jersey, the building was sold to Google by a group comprised of real estate investment company Jamestown, Taconic Investment Partners and New York State Common Retirement Fund.

At the time of the acquisition, Google said the deal was fueled by its rapidly growing workforce and not taking control of an important carrier building.

There might handle its role as landlord of one of Manhattan’s primary Internet connectivity hubs, and what it might mean to the telecom carriers and data center operators who are tenants in the building.

Last month, Google took the building's remaining space off the market, leading many to speculate that the company is holding onto the space for its own operations.

Google currently occupies about 500,000 square feet of the building's space, with the remaining 1.4 million square feet leased by telecommunications and hosting companies.

These include data center giants like Digital Realty Trust, Equinix, Telx and Internap. It is still unclear whether these existing tenants will be allowed to renew their leases when they end.

If Google takes up the entire building space for its own operations, it could leave hosting companies looking elsewhere for their data center needs in what is considered one of the busiest markets in the country.

Article Source http://www.thewhir.com/web-hosting-news/060611_Googles_Strategy_for_111_8th_Avenue_Space_Could_Leave_Web_Hosts_Looking_Elsewhere permits  to repubish here

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