Data Center: 111 8th Avenue Carrier Hotel is For Sale
from Data Center Knowledge
111 8th Avenue, one of the most important telecom hubs in Manhattan, is up for sale. The enormous building houses major data center operations for Digital Realty Trust, Equinix, Telx and many other providers and networks, as well as 500,000 square feet of office space for Google.
The 2.9 million square foot building, which occupies the entire city block between 15th & 16th Streets from Eighth to Ninth Avenues, has been placed for sale by an ownership group including Taconic Investment Partners, the New York State Common Retirement Fund and the German investment group Jamestown. The ownership group hopes to do a 90 percent recapitalization, leaving it with a minority stake, according to the New York Post.
