By Keiko Morris

Alphabet Inc., the parent company of Google, is in contract to buy Chelsea Market from Jamestown LP for more than $2 billion, according to a person familiar with the transaction.

The 1.2-million-square-foot building, located at 75 Ninth Ave., is home to the popular Manhattan retail hub, which has shops and restaurants on the ground floor and lower level and office space on the floors above.

For Alphabet, which already leases offices in the building, the deal adds to its presence in the neighborhood. The company purchased 111 Eighth Ave. for $1.77 billion in 2010.

Write to Keiko Morris at Keiko.Morris@wsj.com

(END) Dow Jones Newswires

February 06, 2018 12:58 ET (17:58 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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