Google to Pay $2.1B for Massive Hudson Square Offices

Google said Tuesday it would exercise its option to acquire St. John’s Terminal, a 1.3-million-square-foot former freight terminal turned office campus in Manhattan’s Hudson Square, for $2.1 billion, a deal that’s among the largest ever for a single office property in the city. The property, which was redeveloped by Oxford Properties Group, will become the anchor of Google’s Hudson Square campus. 

“The St. John’s Terminal site at 550 Washington St., which we currently lease and expect to open by mid-2023, will be one part of the already sizable investment we’ve made in New York — Google’s largest office outside California,” Google CFO Ruth Porat wrote in a blog posting Tuesday. 

Porat added, “We’ve made substantial progress in building out our 1.7 million-square-foot Hudson Square campus that will serve as the New York headquarters for our Global Business Organization, which includes our sales and partnership teams.” 

Even as Google moves toward a flexible working model, “coming together in person to collaborate and build community will remain an important part of our future,” wrote Porat. “It is why we continue investing in our offices around the world.” 

Mountain View, CA-based Google currently employs 12,000 people in New York City.