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Google Finalizes Lease at St. John’s Terminal

Oxford and CPPIB have reached an agreement, completing Google’s New 1.3 million square-foot Hudson Square Campus.

St. John's Terminal at 550 Washington St./ Rendering courtesy of COOKFOX St. John’s Terminal at 550 Washington St./ Rendering courtesy of COOKFOX

NEW YORK CITY—Google has signed a deal with Oxford Properties Group, the global real estate group of the Ontario Municipal Employees Retirement System, and Canada Pension Plan Investment Board, to lease the former St. John’s Terminal. The internet tech giant will occupy the entire 1.3 million square feet of redeveloped office space at 550 Washington St. The property stands at the corner of Houston and West streets in Hudson Square.

Oxford and the Canada Pension Plan purchased the south portion of the terminal for $700 million, with Oxford owning a controlling 52.5% interest.

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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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