111 Eighth Avenue, a 2.8 million square foot facility, is located between 8th and 9th Avenue and 15th and 16th Street in Manhattan. It is reportedly the third largest building in New York.
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Currently, the facility is at 90 percent capacity and is home to carriers MCI, Sprint, Level 3, Qwest, NTT, XO Communications, Cable & Wireless and Switch and Data.
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According to the report, Jamestown will reportedly acquire 75 percent of the property. The New York State Common Retirement Fund will hold the remaining 25 percent interest while Taconic continues as the property manager.
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Taconic acquired 111 Eighth Avenue in January 1998.
