Google to buy Chelsea Market building for over $2 billion, report

(Reuters) - Alphabet Inc's Google <GOOGL.O> has agreed to pay more than $2 billion for New York City's Chelsea Market building, the Real Deal reported on Tuesday, citing people familiar with the matter.

Google, already the largest tenant with about 400,000 square feet in the building, is buying the property from Atlanta-based real estate investment firm Jamestown LP, the real estate website reported.

Google's plans for the building were unclear but it is expected to maintain the status quo at the property's retail component, according to the report.

RELATED: Salaries of employees at 25 top tech companies

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Salaries of employees at 25 top tech companies
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Salaries of employees at 25 top tech companies

Google

Average annual bonus: $32,478

Average sign-on bonus: $27,547

Average annual base salary: $136,000

Netflix

Average annual bonus: $0

Average sign-on bonus: $3,520

Average annual base salary: $206,000

Twitter

Average annual bonus: $120

Average sign-on bonus: $26,144

Average annual base salary: $149,000

Apple

Average annual bonus: $20,298

Average sign-on bonus: $27,201

Average annual base salary: $102,000

Facebook

Average annual bonus: $33,225

Average sign-on bonus: $45,708

Average annual base salary: $145,000

Oculus VR

Average annual bonus: $395

Average sign-on bonus: $6,926

Average annual base salary: $119,000

Amazon

Average annual bonus: $24,732

Average sign-on bonus: $41,340

Average annual base salary: $118,000

Square

Average annual bonus: $988

Average sign-on bonus: $17,996

Average annual base salary: $134,000

Uber

Average annual bonus: $31,633

Average sign-on bonus: $1,807

Average annual base salary: $117,000

Pinterest 

Average annual bonus: $4,374

Average sign-on bonus: $33,376

Average annual base salary: $151,000

Tesla

Average annual bonus: $4,779

Average sign-on bonus: $19,447

Average annual base salary: $105,000

UnitedHealth Group

Average annual bonus: $7,280

Average sign-on bonus: $118

Average annual base salary: $87,000

Snap Inc.

Average annual bonus: $10,588

Average sign-on bonus: $23,705

Average annual base salary: $127,000

Hewlett Packard Enterprise Co.

Average annual bonus: $10,756

Average sign-on bonus: $8,265

Average annual base salary: $131,000

CSRA

Average annual bonus: $13,732

Average sign-on bonus: $1,186

Average annual base salary: $100,000

credit: Facebook

Capital One

Average annual bonus: $15,114

Average sign-on bonus: $8,568

Average annual base salary: $107,000

Fitbit

Average annual bonus: $18,069

Average sign-on bonus: $25,459

Average annual base salary: $128,000

Pandora

Average annual bonus: $22,316

Average sign-on bonus: $18,886

Average annual base salary: $109,000

Microsoft 

Average annual bonus: $23,224

Average sign-on bonus: $20,191

Average annual base salary: $179,000

Airbnb

Average annual bonus: $23,250

Average sign-on bonus: $23,250

Average annual base salary: $124,000

Arista Networks

Average annual bonus: $27,497

Average sign-on bonus: $18,652

Average annual base salary: $151,000

credit: Facebook

Linkedin

Average annual bonus: $32,216

Average sign-on bonus: $25,418

Average annual base salary: $149,000

Dropbox

Average annual bonus: $32,707

Average sign-on bonus: $32,833

Average annual base salary: $144,000

VMware

Average annual bonus: $33,145

Average sign-on bonus: $18,851

Average annual base salary: $147,000

Salesforce

Average annual bonus: $39,959

Average sign-on bonus: $28,314

Average annual base salary: $142,000

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Alphabet could not be immediately reached for comment.

The 1.2 million-square-foot office-and-retail property at 75 Ninth Avenue houses a popular food hall and such tenants as Major League Baseball, the New York 1 news channel and the Food Network.

RELATED: Google CEO Sundar Pichai

31 PHOTOS
Google CEO Sundar Pichai
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Google CEO Sundar Pichai
Google Inc. CEO Sundar Pichai attends a session of the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song
Google's CEO Sundar Pichai speaks on stage during a conference tagged 'Google for Nigeria' in Nigeria's commercial capital Lagos, July 27, 2017. REUTERS/Akintunde Akinleye
Google Inc CEO Sundar Pichai speaks during a launch event in San Francisco, California, U.S. October 4, 2017. REUTERS/Stephen Lam
Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in San Jose, California, U.S., May 17, 2017. REUTERS/Stephen Lam
Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in San Jose, California, U.S., May 17, 2017. REUTERS/Stephen Lam
Google CEO Sundar Pichai delivers his keynote address during the Google I/O 2016 developers conference in Mountain View, California, U.S. May 18, 2016. REUTERS/Stephen Lam TPX IMAGES OF THE DAY
Sundar Pichai, Senior Vice President for Products, delivers his keynote address during the Google I/O developers conference in San Francisco, California May 28, 2015. REUTERS/Robert Galbraith
Sundar Pichai, Google's senior vice president of products, speaks during a presentation at the Mobile World Congress in Barcelona March 2, 2015. Ninety thousand executives, marketers and reporters gather in Barcelona this week for the telecom operators Mobile World Congress, the largest annual trade show for the global wireless industry. REUTERS/Albert Gea (SPAIN - Tags: BUSINESS SCIENCE TECHNOLOGY BUSINESS TELECOMS)
Sundar Pichai, senior vice president of Google Chrome, speaks during Google I/O Conference at Moscone Center in San Francisco, California June 28, 2012. REUTERS/Stephen Lam (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)
Sundar Pichai, Google's senior vice president of Android, Chrome and Apps, speaks about wearables during his keynote address at the Google I/O developers conference in San Francisco June 25, 2014. REUTERS/Elijah Nouvelage (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY TPX IMAGES OF THE DAY)
Sundar Pichai, senior vice president of Chrome at Google, discusses recent advancements and changes to Chrome during the keynote address at the Google I/O Developers Conference in the Moscone Center in San Francisco, California, May 11, 2011. REUTERS/Beck Diefenbach (UNITED STATES - Tags: SCI TECH BUSINESS)
WUZHEN, CHINA - DECEMBER 03: Sundar Pichai, chief executive officer of Google Inc., speaks during the 4th World Internet Conference on December 3, 2017 in Wuzhen, China. The 4th World Internet Conference - Wuzhen Summit themed with 'Developing digital economy for openness and shared benefits -- building a community of common future in cyberspace.' is held from Dec 3 to 5 in Wuzhen of Zhejiang. (Photo by Du Yang/China News Service/VCG via Getty Images)
WUZHEN, CHINA - DECEMBER 03: Google CEO Sundar Pichai attends the opening ceremony of the 4th World Internet Conference on December 3, 2017 in Wuzhen, Zhejiang Province of China. The 4th World Internet Conference - Wuzhen Summit themed with 'Developing digital economy for openness and shared benefits -- building a community of common future in cyberspace.' is held from Dec 3 to 5 in Wuzhen of Zhejiang. (Photo by VCG via Getty Images)
Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Annual Developers Conference in Mountain View, California, U.S., on Wednesday, May 17, 2017. Google's artificial intelligence-based voice Assistant is on more than 100 million devices now, and the company is leveraging a longtime competitor to expand the technology to even more people.�Photographer: Michael Short/Bloomberg via Getty Images
MOUNTAIN VIEW, CA - MAY 17: Google CEO Sundar Pichai delivers the keynote address at the Google I/O 2017 Conference at Shoreline Amphitheater on May 17, 2017 in Mountain View, California. The three-day conference will highlight innovations including Google Assistant. (Photo by Justin Sullivan/Getty Images)
NEW DELHI, INDIA JANUARY 4: Google CEO Sundar Pichai speaks during Digital Unlocked Google event at Taj palace on January 4, 2017 in New Delhi, India. (Photo by Pradeep Gaur/Mint via Getty Images)
KHARAGPUR, INDIA - JANUARY 5: Google CEO Sundar Pichai interacts with students at IIT Kharagpur campus on January 5, 2017 in Kharagpur, India. For Pichai, it was an emotional homecoming, his first visit to his alma mater since he graduated from IIT Kharagpur in 1993. (Photo by Samir Jana/Hindustan Times via Getty Images)
NEW DELHI, INDIA JANUARY 4: Google CEO Sundar Pichai speaks during Digital Unlocked Google event at Taj palace on January 4, 2017 in New Delhi, India. (Photo by Pradeep Gaur/Mint via Getty Images)
KHARAGPUR, INDIA - JANUARY 5: Google CEO Sundar Pichai interacts with students at IIT Kharagpur campus on January 5, 2017 in Kharagpur, India. For Pichai, it was an emotional homecoming, his first visit to his alma mater since he graduated from IIT Kharagpur in 1993. (Photo by Samir Jana/Hindustan Times via Getty Images)
Sundar Pichai, chief executive officer of Google Inc., speaks during the company's Cloud Next '17 event in San Francisco, California, U.S., on Wednesday, March 8, 2017. The Cloud Next conference brings together industry experts to discuss the future of cloud computing. Photographer: David Paul Morris/Bloomberg via Getty Images
Google Inc CEO, Sundar Pichai (C) talks to a group of woman known as 'Internet Sathis' who learn mobile internet from Google and then teach other villagers, in Gokulpur village some 140 kms west of Kolkata on January 5, 2017. / AFP / Chandan KHANNA (Photo credit should read CHANDAN KHANNA/AFP/Getty Images)
CEO of Google Inc. Sundar Pichai looks on as he attends a meeting about partnering with small business in New Delhi on January 4, 2017. / AFP / Dominique Faget (Photo credit should read DOMINIQUE FAGET/AFP/Getty Images)
Google Inc. CEO Sundar Pichai gestures as he addresses students during a forum at The Indian Institute of Technology (IIT) Kharagpur in Kharagpur, some 120kms west of Kolkata on January 5, 2017. / AFP / Chandan KHANNA (Photo credit should read CHANDAN KHANNA/AFP/Getty Images)
Sundar Pichai, chief executive officer of Google Inc., speaks during a news conference in New Delhi, India, on Wednesday, Jan. 4, 2017. Google expects to have a dedicated cloud region for India later this year, Pichai said. Photographer: Anindito Mukherjee/Bloomberg via Getty Images
Google Inc CEO, Sundar Pichai (C) talks to a group of woman known as 'Internet Sathis' who learn mobile internet from Google and then teach other villagers, in Gokulpur village some 140 kms west of Kolkata on January 5, 2017. / AFP / Chandan KHANNA (Photo credit should read CHANDAN KHANNA/AFP/Getty Images)
Google CEO Sundar Pichai during a visit to Argyle Primary School, in London, alongside Minister for Digital Policy Matt Hancock, as Google announced plans to bring VR technology to one million schoolchildren in the UK as part of a new learning initiative. (Photo by Dominic Lipinski/PA Images via Getty Images)
Sundar Pichai, chief executive officer of Google Inc., speaks during an event at Google's Kings Cross office in London, U.K., on Tuesday, Nov. 15, 2016. After being criticized for not paying its fair share of British tax, Alphabet Inc.s Google unit is trying to show its a good corporate citizen by offering five hours of free digital skills training to all U.K. residents. Photographer: Simon Dawson/Bloomberg via Getty Images
Sundar Pichai, chief executive officer of Google Inc., speaks during an event at Google's Kings Cross office in London, U.K., on Tuesday, Nov. 15, 2016. After being criticized for not paying its fair share of British tax, Alphabet Inc.s Google unit is trying to show its a good corporate citizen by offering five hours of free digital skills training to all U.K. residents. Photographer: Simon Dawson/Bloomberg via Getty Images
Sundar Pichai, chief executive officer of Google Inc., pauses during an event at Google's Kings Cross office in London, U.K., on Tuesday, Nov. 15, 2016. After being criticized for not paying its fair share of British tax, Alphabet Inc.s Google unit is trying to show its a good corporate citizen by offering five hours of free digital skills training to all U.K. residents. Photographer: Simon Dawson/Bloomberg via Getty Images
Sundar Pichai, chief executive officer of Google Inc., listens to a speaker during an event at Google's Kings Cross office in London, U.K., on Tuesday, Nov. 15, 2016. After being criticized for not paying its fair share of British tax, Alphabet Inc.s Google unit is trying to show its a good corporate citizen by offering five hours of free digital skills training to all U.K. residents. Photographer: Simon Dawson/Bloomberg via Getty Images
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(Reporting by Shariq Khan in Bengaluru; Editing by Anil D'Silva)

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